Indian economy based on purchasing power parity is the fourth largest economy in the world. This huge manpower base, diversified natural resources and strong macro-economic fundamental aspects of the business and investment opportunities is one of the most attractive destinations. The process of economic reforms initiated in 1991 across the whole economy through the liberalization of the policy framework is to get an investor friendly environment.
For nearly 20 years, the government carried out economic reforms, including abolition of licensing for most industries, privatization of industry previously monopolized by the state and the liberalization of foreign trade through the gradual ...