Over 10 years we help companies reach their financial and branding goals. Engitech is a values-driven technology agency dedicated.

Gallery

Contacts

Desai Saksena & Associates, Laxmi Building, First Floor, Sir Phirozshah Mehta Rd, Borabazar Precinct, Fort, Mumbai, Maharashtra 400001

contact@orionnext.com

+91 9820736693

Large and Growing Economy
Large and Growing Economy

India is one of the fastest-growing major economies in the world, with a GDP of over $3 trillion. It has a young and growing population, with a median age of 28, which means there is a large and growing consumer market.

Large Domestic Market
Large Domestic Market

India has a large domestic market with a population of over 1.3 billion people. This presents a huge opportunity for companies looking to expand their business.

Skilled Workforce
Skilled Workforce

India is known for its skilled workforce, particularly in the IT, Engineering, Accounting, , Finance & Legal sector. Its large pool of English-speaking workers has made it an attractive destination for companies looking to outsource their operations.

Strategic Location
Strategic Location

India is strategically located in South Asia and shares borders with several important countries like China, Pakistan, Nepal, and Bangladesh. This gives it an advantage as a hub for trade and commerce.

Government Reforms
Government Reforms

India has been making efforts to improve its business environment and attract foreign investment. The government has implemented various reforms, such as the Goods and Services Tax (GST) and the Insolvency and Bankruptcy Code (IBC), to ease the process of doing business in India. The government of India has implemented several initiatives to support and promote businesses in India. Few are listed below:

Startup India:

The Startup India initiative was launched in 2016 to support and promote startups in India. The government has implemented several measures to ease the regulatory burden on startups, such as simplifying the registration process and providing tax benefits.

Make in India:

The Make in India campaign was launched in 2014 to encourage domestic and foreign companies to manufacture their products in India. The government has implemented several measures to ease the process of doing business in India, such as simplifying the tax system and improving infrastructure.

Digital India:

The Digital India initiative was launched in 2015 to transform India into a digitally empowered society and knowledge economy. The government has implemented several measures to promote digital literacy, improve internet connectivity, and encourage the use of digital payment systems.

Infrastructure development:

The government has invested heavily in infrastructure development, such as building new highways, airports, and seaports, and improving the quality of existing infrastructure. This has helped businesses to transport goods and services more efficiently and at a lower cost.

Liberalization of foreign investment:

The Indian government has liberalized foreign investment in various sectors, such as aviation, Defence, and retail. This has attracted foreign investors and helped to create new jobs and opportunities for businesses in India.

Government Expenditure
Government Expenditure

Government of India is keen on developing the ecosystem enabling businesses growth in India. In recent years government has spent a total of 18.51 Lakh Crores in infrastructure ensuring growth-oriented ecosystem for businesses across the nation.

FY Amount
2018-19 Rs. 4.31 Lakh Crore
2019-20 Rs. 4.94 Lakh Crore
2020-21 Rs. 4.12 Lakh Crore
2021-22 Rs. 5.14 Lakh Crore
Here’s a list of sectors wherein GOI has priorities in the current decade.
Sector/Themes Drivers From (2022) (2030)
Agriculture Exports ($Bn) $50Bn $100 Bn
Manufacturing High value exports in prioritized value chains $140bn $400bn
Consumer Tech E-retail transactors 160 Mn 770 Mn
IT / ITES Workforce trained in digital skills 25-30% 100%
Financial services MSME Formal Credit Lending <40% >80%
Healthcare Medical Doctors per 10,000 pop 27-8 20
Infrastructure and Logistics Logistics Costs ({f9a651f05cdf1459d4870ed2cda7435a3e1248963643be684d176e4c3c624a59} of GDP) 13-14% 8-10%
Emerging energy Share of RE Generation capacity 155GW 500GW
Water Households with Tap Water Connections 50% 100%
Education Higher education Gross enrolment ratio 27& 40-50%
Foreign Direct Investment Policy (FDI) 

Foreign Direct Investment is governed by Government of India through FDI Policy which is extremely liberal but has some sectorial limitation. FDI is considered as a major source of non-debt financial resource for the economic development. FDI flows into India have grown consistently since liberalization and is an important component of foreign capital since FDI contributes towards technology transfer, development of strategic sectors, greater innovation, competition and employment creation amongst other benefits. It is the intent and objective of the Government of India to attract and promote FDI in order to supplement domestic capital, technology and skills for accelerated economic growth and development. FDI, as distinguished from Foreign Portfolio Investment, has the connotation of establishing a ‘lasting interest’ in an enterprise that is resident in an economy other than that of the investor.