Enormous Market Potential
India's current population of 1.3 billion, growing at a rate of 1.1%, is estimated to become the most populous country by 2024. This offers enormous market potential for many products and services across sectors. Added to this, the increasing per-capita income and Purchasing Power Parity (PPP) shall open market for many new products and services.
Low manufacturing costs
India offers one of the lowest manufacturing costs and scalability in the world. As per the report published by BCG, India is positioned in 2nd place for lowest costs of manufacturing among world countries.
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Young and Abundant Manpower
India has one of the youngest populations in the world with more than 50% of its population below the age of 25 and more than 65% below the age of 35. It is estimated that, in 2020, the average age of Indian population will be 29 years. This offers seamless supply of manpower at affordable costs.
Rapid Business Reforms
India is implementing business reforms at rapid pace. The most recent reforms include amendments to FDI policy, implementation of Goods and Services Tax (GST) and other business-related reforms that improved Ease of Doing Business.
Favourable Industrial Climate
With attractive industrial policies, programs such as Skill India & Digital India and heavy investments into industrial corridors, seaports, airports, roads and railways, India presents a favourable investment climate for manufacturing companies.