Published date: 1/12/2021

India is the foremost populous democracy on the planet. A lot of opportunities that you can see especially in business. Thus, before starting your overseas business in India, let us go through this post so you can understand more about this country.

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Location and Climate

India, officially the Republic of India, may be a country located in South Asia. It’s the second-most populous country, the seventh-largest country by surface area, and so, the foremost populous democracy on the planet.
India has 29 states and 7 union territories and 4 metropolitan cities, namely Chennai, Delhi, Mumbai and Kolkata are also there.

The total area: 3,287,263 km2 (1,269,219 Square Miles

Total Population as on Sept. 2021: 1,396,753,763 persons.

Multicultural Society

India is so vast and is split in such a large division of States, languages and religions, its culture is additionally much diversified. Each region possesses its own local holidays and cultural differences.

Languages: India is one altogether the countries within the globe where linguistic diversity is the foremost vital. there isn’t any official language, although Hindi – language of nearly 1/2 the population – is recognized by the government. English is commonly used in business and administration and has the status of a subsidiary official language. There are also 122 important languages and no but 234 mother tongues.

Religions: India has 6 recognized religion such as Hinduism (79,8 %), Islam (14,2 %), Christianity (2,3 %), Sikhism (1,7 %) and 2% others.

Indian Lifestyle

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India is credibly the only country with the most important and most diverse mixture of races. India is also an awfully culturally diverse country. People speak many various languages (18 major languages, with English and Hindi as the official languages). But the wonder lies within the incontrovertible fact that despite all the differences, people endure full harmony and love depicting their varied cultures, traditions and dressing styles.

Economy

The economy of India is characterized as a middle-income developing national economy. it is the world’s fifth-largest economy by nominal GDP and also the third-largest by purchasing power parity. In keeping with the international money, on a per capita income basis, India ranked 142nd by GDP and 124th by GDP in 2020.

GDP per capita rank: 142nd (nominal; 2020); 124th (PPP; 2020)

GDP rank: 6th (nominal; 2020) and 3rd (PPP; 2020) $USD 364.7 billion in 2019 and represents 0.30 percent of the world economy.

So, are you interested in investing in your business in India? Contact us or visit our website to know more about India. We offer business consulting services in India including company incorporation, taxation, human resources and etc. HIS OCS is a one-stop solution to provide an overseas business expansion plan for your company.