Opportunities in Indian Market
The Indian market has lots to offer to entrepreneurs across the world. The second most populous country is undergoing a transition, both in terms of investor perceptions of its market potential and in reality. The Indian economy is registering around 6% of economic growth amid uncertain global economic conditions.
It’s not only market opportunity that attracts companies. India is known for its highly skilled labor force which speaks English and is well informed about western culture and society. Which is why many western companies transfer parts of their activities to India and more and more western multinational companies are setting up their R&D facilities in India to benefit from the abundance of young and highly educated professionals. Being centrally located in South Asia, India enjoys an advantageous position for doing trade with other South Asian countries, Australia and the countries of Africa, the Middle East and the Far East. Combined with the huge domestic market and the pool of well-educated young people, India might very well function as a hub for business activities all around the region.
But, it’s not always easy to be successful in the Indian market. Particularly for first time investors, it is hard to fully understand the process of investing or prospecting business opportunities in India. These difficulties may lie in the fact that the Indian market is large and yet as complex as many small markets, the business culture might be difficult to understand and dealing with several lengthy procedures and complicated regulations can be tough for foreign companies.
India Connector understands that sustaining success in India requires a long-term approach and a reasonable threshold of enterprise size and investment levels. But most importantly, be patient, adapt and it will pay off in the long run.