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While the business and economic environment in India has been quite somber in recent years, India is now poised for significant growth. The newly elected government is promoting various initiatives to boost business sentiment and revive the economy, leading to renewed optimism among the population. Key tenets of the new business environment include: fostering a conducive environment to enable ease of doing business in India; cutting red tape, simplifying procedures and removing bottlenecks; single window clearances; and allowing for sector Foreign Direct Investment (FDI) needed for jobs and asset creation.
To be successful, it is important to understand these initiatives, as well as challenges and risk-management requirements that must be considered before executing on a India investment strategy.