Doing Business in India

India offers a large and growing market with a diverse economy, a large pool of skilled labor, and a business-friendly government. Additionally, India has been making significant improvements in recent years in areas such as starting a business, dealing with construction permits, and making it an attractive destination for businesses.

Doing Business in India

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Doing Business In India

Indian Economy – Opportunities And Challenges

India is a growing economy which offers unprecedented business opportunities. Indian markets are considered as one of the key markets from where future growth is likely to emerge. But this multi-cultural and multi-faceted market also poses a lot of challenges in terms of complex accounting, tax, and regulatory environment. These risks associated with venturing into a new territory become the primary cause of concern for international companies looking to enter the Indian markets.

Challenges faced by Foreign Companies for Doing Business in India

  • Complying with the various legal, accounting and tax regulations
  • Understanding the way the Indian markets work and the local practices observed within the market
  • Insufficient understanding of the policies governing the destination country
  • Acquiring permits from various governmental agencies for business set-up
  • Coordinating with multiple vendors, suppliers, logistics, etc
  • Land acquisitions and registering properties
  • Investor protection and enforcing contracts
  • Intellectual property protection
  • Working with multiple consultants for multiple services/tasks
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Intuit Management Consultancy (IMC Group)
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