India is currently one of the fastest growing economies of the world. Over the past year, the government has liberalised FDI norms for several sectors making India the most open economy in the world for FDI. This has led to significant FDI inflows and contributed to the growth of investment, incomes and employment.
The Indian government has also taken up a series of measures to improve the ease of doing business by simplifying and rationalising existing rules and using information technology to make governance more efficient and effective.
While there are many reforms being undertaken, the scope of tax and regulations are also constantly changing. Along with the proposed reduction in corporate tax rates over the next three years, several indirect taxes will be subsumed by the passage of GST which is expected to simplify and integrate various businesses, making the Indian tax regime globally competitive.
Doing Business in India serves as a guide to India’s business, regulatory and tax environment. It seeks to provide the reader with knowledge of the critical regulations and changes in the country.
In this guide:
- Introducing India
- Government policies and business environment
- Banking and finance
- Business entities, company formation and administration
- Financial reporting and audit requirements
- Company, personal and indirect taxation
- Labour regulations