New CBI report highlights a seven-point plan to catalyse India’s growth and is key to unlocking the Indian market for British companies through easing foreign operations in India.
India has set its sights on becoming a $5trn economy by 2025 and is working to increase its attractiveness as a destination for foreign investment to achieve it. The CBIs recent white paper on ease of doing business, in partnership with EY, Sterling access - UK companies supporting India's growth has outlined a seven-point plan to catalyse India’s growth guided by three principles to further business reform.
The action plan aims to support government of India’s vision to attain 50th rank in the World Bank’s Doing Business rankings by streamlining sector-agnostic challenges in India’s regulatory environment. The progress has been steady, but what do businesses already making a success of it in India think of the opportunities?
Reasons to invest
In the CBI’s report, British businesses specified five top reasons to invest in India:
- Potential for domestic market growth
- Capacity for technology and innovation
- Proximity to other markets/customers
- Availability of skilled workforce
- Competitive operating costs
Reform to grow
Since 2014, the Governme
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