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A country that has bowled over the entire world with its beauty and culture is India.A country that is loved by all and sundry for its peace and tranquility its historical base and heritage its monuments,its medicine,its Ayurveda and above all its bliss.This country has been a very fast developing country and is the cynosure of the moment in the entire world.Be it nuclear power, export and import, growth in per-capita income or gross domestic product or be it any field, India is on the roll.This country is very famous for its natural beauty and its role in maintaining peace in the entire world.
India is in the scene and is doing pretty good at the moment and is growing leaps and bounds.Any traveller who is fond of visiting a country which is having all these features then it is India.Visiting India and exploring all these beautiful things is a matter of pride and a real chance of oppurtunity.Economically, the country is doing really good and is galloping on its way to become a super power in the world.For a visitor this is one of the most important countries to visit and explore.
Business and Economy
The economic policiesof India are designed to attract good amount of capital inflows into India on a continuous process and to encourage technological growth by sigining agreementsbetween India and other countries for the progress of the country.In the last some years, the inflow of foreign investment has been tremendous in all the sectors except the public sector.As of now, India is one of the most exciting markets in the world with very skilled managerial and technical manpower that match the best in the world.
Foreign Direct Investment (FDI) is permited as under the following forms of investments.
- Through financial collaborations.
- Through joint ventures and technical collaborations.
- Through capital markets via Euro issues.
- Through private placements or preferential allotments
Foreign Investment through GDRs (Euro Issues)
Foreign Investment through GDRs is treated as Foreign Direct Investment
Indian companies are allowed to raise equity capital in the international market through the issue of Global Depository Receipt (GDRs). GDRs are designated in dollars and are not subject to any ceilings on investment. An applicant company seeking Government's approval in this regard should have consistent track record for good performance (financial or otherwise) for a minimum period of 3 years. This condition would be relaxed for infrastructure projects such as power generation, telecommunication, petroleum exploration and refining, ports, airports and roads.
However, investment in stock markets and real estate will not be permitted. Companies may retain the proceeds abroad or may remit funds into India in anticiption of the use of funds for approved end uses. Any investment from a foreign firm into India requires the prior approval of the Government of India.
The major cities of this magnanimous country which make this country a exqusite country are both a mixture of the A grade cities and the B grade cities.Cities like Bombay, Delhi, Bangalore, Chennai, Kolkata, Ahmedabad, Hyderabad are some of the prime cities which are considered as the commercial hubs of the country.Whereas, cities like Jaipur,Goa,Pune,Jammu,Uttar pradesh and many more are the culural hubs of the country.The country has a rich cultural base and th above mentioned cities keep up the prestige of the country high in the entire world scenario.
GDP: purchasing power parity - $3.319 trillion (2005 est.)
GDP real growth : 6.2% (2005 est.)
GDP composition by sector: agriculture: 23.6%
services: 48% (2002 est.)
GDP PER-CAPITA: purchasing power parity - $3,100 (2005 est.)
LABOUR FORCE : 482.2 million (2005 est.)
LABOUR FORCE BY OCCUPATION : agriculture 60%, industry 17%, services 23% (1999)
UN-EMPLOYMENT RATE: 9.2% (2005 est.)
POPULATION BELOW POVERTY LINE: 25% (2002 est.)
PUBLIC DEBT : 59.7% of GDP (federal debt only; state debt not included) (2005 est.)
India is a country that is galloping towards becoming a super power very soon. People from across the globe are attracted towards this country because of its features and anybody who is interested in visiting and investing in a fast growing country, then it is India.