An overview of the Indian business environment
While India remains one of the world’s fastest-growing economies, the growth rate has slipped for five quarters in a row. In the first quarter of the current financial year, it fell to its lowest at 5.7%. Despite the slowdown, the general mood of UK firms invested in India is upbeat and view the Indian growth story as short-term pain but long-term gain. For a resilient economy recovering from the sobering double doses of demonetisation and teething problems arising out of the introduction of the Goods and Services Tax (GST), it is believed that the worst is over.
Read the November 2017 CBI Business India Confidence Review.