India Helping Shape the World
6 September 2010
India has undergone a systematic transition from a closed economy to an open economy since the beginning of economic reforms in the country in 1991. India has witnessed unprecedented levels of economic expansion, along with countries like China, Russia, Mexico and Brazil. India, being a cost effective and labor intensive economy, has benefited immensely from outsourcing of work from developed countries, and a strong manufacturing and export oriented industrial framework. Despite facing issues such as political uncertainty & bureaucratic barriers, the country’s economy, today, is characterized by a liberalized foreign investment and trade policy, with the private sector and deregulation playing a key role.
From a 'developing nation' just two decades back, India, today, has emerged as one of the decisive nations shaping the contours of the world economy. Consistently charting a growth path over the last few years, India is an idea whose time has truly arrived. Today, the triumph of the Indian Economy is visible in almost all fields — with some aggressive cross-border acquisitions India has been rewriting the global business equations.
Indian markets offer prospects of high profitability and is ranked third among the most attractive FDI destinations in the world. The country, with its robust legal framework and stable financial market, has transformed from being a highly controlled economy to a liberalized one, with its economy rising by 8.8 per cent in the June 2010 quarter year-on-year, its fastest pace since early 2008.
With huge investments in infrastructure development on the anvil, India is today a preferred investment destination. There are enough reasons for investing in India, be its large knowledge based industries; or simply investing in the fastest growing population of workers and consumers.
Fleming Gulf’s India Investment Convention, to be held in Dubai January 2011, will offer a platform to discuss the growth and investment opportunities offered by the Indian Economy and its various robust industries. It will act as a passage to global investors.
Source: Al Bawaba News
