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India is one of the world's most attractive emerging markets, with the fifth largest economy in the world. It has a democratic political system.The judiciary is independent of politics and it has a free and vibrant press.

India is fortunate to have abundant natural resources. India also has the rich and abundant talent in every field of work - managerial, technical and scientific. It also has a broad base of industrial manufacturing. India is the second largest manufacturer and exporter of software in the world.

A growing capital market along with well developed financial institutions is adding muscle to India's strengthening economy.

About Indian MNC's

Indian enterprises are entering into joint ventures and setting up subsidiaries.

World Map

The investments approved by Reserve Bank of India are well-diversified, both in terms of lines of activities of the overseas companies as well as their destination countries.

These joint ventures are spread across the globe in over 75 countries including Canada, Ireland, US, UK, Netherlands, Egypt, Thailand, Hong Kong, China, South Africa, Malaysia, Mauritius, Nigeria, etc. A number of approvals too have been given for setting up wholly-owned subsidiaries (WOS) in fields such as software.

Companies from India are globalising both in the field of manufacturing & non-manufacturing. Areas in which Indian entrepreneurs have set up companies abroad and have acquired a degree of capability to compete in the international market are light engineering, textiles, chemicals and pharmaceuticals, food products, leather & rubber products, iron & steel, commercial vehicles, glass & glass products, etc. The non-manufacturing; sector includes hotels & restaurants, trading & marketing, consultancy, engineering & construction, etc.

Highlights of Indian Economy
	Indian companies wishing to invest abroad were permitted to invest up to US $ 50 million on an annual basis.
	Indian employees who have the benefit of ESOP schemes in foreign owned companies can now make investments abroad up to US $ 20,000 annually instead of in a block of five years.
	A growth rate of real GDP at 6.0 to 6.5 per cent.
	The limit for investment in plant and machinery for considering a unit as small scale industry (SSI), which stood at Rs.3 crore earlier, was brought down to Rs.1 crore in order to give a fillip to small units with low investment.
	Commercial banks were advised to dispense with collateral requirements for the tiny sector for loans up to Rs.5 lakh.
	The growth of industrial output slowed down to 5.1 per cent during 2000-01 from 6.7 per cent during 1999-2000.
	India's external debt increased by 2.1 per cent from US $ 98,158 million as at end-March 2000 to US $ 100,255 million as at end-March 2001.
	The external debt-GDP ratio declined from 21.9 per cent as at end-March 2000 to 21.4 per cent as at end-March 2001.

Investment Factor	China	India
Economic Basic Conditions Political Development Legal Indicators Infrastructural Standards Total Expenditure Comparison Financing and Taxation Staff Management Cultural Influences	8.3 7.1 4.5 4.0 6.5 6.9 4.0 5.5	6.9 6.1 5.6 4.2 7.0 6.3 5.8 7.5
Country Rating
(of Maximum 1000 points)	608	629