India’s GST system is too complicated and has far too many slabs. A simpler regime with fewer, lower rates will improve compliance, lower prices, increase consumption demand and, most importantly, not cost the government an arm and a leg to implement.
Despite a global recession, India is expected to be among the few countries that will still grow, offering foreign investors an ideal FDI destination as they look to relocate their factories away from China. Highlights: The IMF predicts India’s growth rate to bounce back to 7.4 per cent next year. India can escape recession due to its fewer linkages with global supply chains and its dependence on domestic consumption as the primary driver of GDP growth. India’s large domestic market [...]
Odisha, which produces about a third of India’s mineral output, has leveraged its immense natural wealth to lay out the red carpet for industry, and has leapfrogged ahead of many others. Highlights: Indian giants like Tata Steel, JSPL, Reliance Industries, the Adani Group, National Thermal Power Corporation, Tata Consultancy Services and Vedanta have invested in Orissa. Its high economic growth, wide-ranging fiscal and policy incentives, skilled labour pool and geographic location make it a favourable destination for investors. Odisha has [...]
Gaurav Dalmia, Chairman of Dalmia Group Holdings, discusses the current economic and business climate in India while also highlighting some key lessons for Private Equity investors considering the Indian market. How would you classify the Indian investment climate against the backdrop of an economic slowdown? India has been quite a hot destination for investment over the past few years. In the fiscal year 2018-19, India attracted $44 billion in inbound FDI. This is capital that chooses target destinations freely. In [...]
India has been opening up its markets to foreign investments and creating opportunities for companies globally even as trade wars are closing markets in other countries. Economists around the world are burning the midnight oil trying to answer the question that is giving sleepless nights to heads of states and C-suite occupants alike: is the world economy heading towards a recession? Economic report cards from the largest economies don’t make for happy reading. The US manufacturing sector has been slowing [...]
An investment promotion expert for the South American country highlights why a free trade agreement with India will prove beneficial to both economies. Peru has an investment grade rating, the second highest in Latin America, from the three main agencies (S&P, Moodys and Fitch) and has managed to break the common false dichotomy that high growth tends to accompany inflationary pressures by presenting the highest economic growth and lowest inflation rates in the region over the last two decades. In [...]
A financial services sector expert lays out the factors stacked in favour of India as a hub for foreign direct investment (FDI). India is undoubtedly one of the world’s most impressive growth stories today, and is an economy that global investors can ill-afford to ignore. We at KKR have been investing in India for almost a decade and continue to be excited about the country’s future trajectory. The last 10 years were amongst the most benign for the global economy. [...]