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Home / Preferred Business Destination Preferred Business Destination
India has undergone a paradigm shift owing to its competitive stand in the world. The Indian economy is on a robust growth trajectory and boasts of a stable 8 plus annual growth rate, rising foreign exchange reserves and booming capital markets among others. Looking at the statistics, the macroeconomic situation of the country seems strong and positive- the GDP in the second quarter of 2006-07 grew at an impressive rate of 9.2 percent, the forex reserves stood at US$ 173.08 billion (at the end of January 2007), the Indian Sensex crossed the 14000 mark in the month of December 2006 and the number of registered FIIs in the country has gone up from 823 in December 2005 to a staggering 1000 in December 2006. There is ample reason for India's viability as a destination for foreign investment. In addition to the above-mentioned macroeconomic indicators, higher disposable incomes, emerging middle class, low cost competitive workforce, investment friendly policies and progressive reform process all contribute towards India being an appropriate choice for investors. Reasons to cheer for India
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