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Investing in India




“India is the future” quoted Narayan Murthy(Infosys mentor) once. India, the largest democracy, with its consistent growth/performance and abundant skilled manpower provides enormous opportunities for investment, both domestic and foreign. India is the fourth largest economy in terms of Purchase Power Parity and the tenth most industrialized country in the world. Major initiatives such as industrial decontrol, simplification of investment procedures, enactment of competition law, liberalization of trade policy, full commitment to safeguarding intellectual property rights, financial sector reforms, liberalization of exchange regulations etc., have been taken, which provide a liberal, attractive, and investor friendly investment climate.

I will also consider certain aspects like GDP, which is to grow 8 percent in 2010, overtaking china’s projected of 7.7 by the world bank. The Indian economy had grown by 6.7 per cent in 2008 against the World Bank's estimate of 6.1 per cent. Also the the banks are financially sound and well capitalized. The foreign exchange reserves position remains comfortable and the external debt position has been within the comfort zone. In the retail sector, India has emerged as the most alluring market for investment. I would also consider certain highlighting tips which are absolute for me at the time of investment.
1) India has more billionaires than China, according to the Forbes magazine.
2) India has emerged as the world's fastest growing wealth creator, thanks to a buoyant stock market and higher earnings.
3) A number of Indian companies surpassed last year's net profit in just six months of the current fiscal, reflecting an accelerated growth in corporate earnings.
5) Forty-four per cent of Top 100 Fortune 500 companies are present in India.
As per the World Bank Indian Economy is yet to roar, which depicts clear indication of overtaking the other growing economies in a big margin. With its manufacturing and services sector on a searing growth path, India’s economy may soon touch the coveted 10 per cent growth figure. Moreover I am a true patriotic and I salute the sovereign, secular, democratic republic, which enjoys “Unity In diversity” For sure India is the future, and I just want to be a partner in its progress by multiplying my money.