The greatest democracy in the world also one of the best places to invest. If you ask 'why?' There are plenty of reasons for it. Below are only some of the dazzling facts about India and the Indian market.
Everyone knows that India has a huge population and it is only second to China. There has been rapid increase in the urban population. There are around 300 Million middle class families which have substantial spending power, and another 700 million of the population is quickly taking up too. Many foreign companies such as Levi's, Nike, Adidas, LVMH, MTV, McDonald's, Disney, Pizza Hut, Domino's, Subway, Coca Cola, and Pepsi have already made their home in India.
The teenage population in urban areas is one of the most encouraging demography which promises success to any investment made targeting this market. 74% of the urban teenagers have cell phones, 81% of the urban youth use computers, 89% watch television daily, 73% listen to radio, 91% watch movies regularly. There is a huge population of English speaking educated people, almost amounting to combined population of Taiwan and Japan. The lower cost of qualified IT workers when compared to US and Europe is the reason why Software and BPO companies such as IBM, DELL, Accenture, Sapient , Oracle and i-flex. Rapid government reforms such as financial, legal, economic and liberalization of foreign investment policies since 1990's have resulted in substantial and rapid growth of the economy and helped in integrating India with the world economy.