India

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The strong lure to foreign visitors has endured through the global financial crisis, leveraging on India’s diverse offering of history, cultures and landscapes. Foreign tourist arrival (FTA) growth in 2011 was twice the global average at 8.9%, according to the Ministry of Tourism (MoT), and further growth is expected to maintain a level of at least 7.5% per year in the decade ahead. Yet the backbone of revenue generation remains homegrown, which is a boon for both domestic and international markets alike.

Framed by the Arabian Sea to the west, the Bay of Bengal to the east and the Himalayan mountain range to the north, the landmass of India has a recordable human history dating back approximately 500,000 years. In this time, the land has given birth to a number of major religions, has been the seat of power for numerous dynasties and empires, and...

It may have been a tough year for India’s economy, but the real estate sector continues to defy the sceptics, offering compelling opportunities for investors and developers alike. For those willing to look in the right places, the sector still has much to offer the discerning investor.
Over the past decade of economic growth, India has worked hard to position itself as a pioneer of low-cost manufacturing. Where once the whole world marvelled at the Tata Nano, the world’s cheapest car, the Indian government is hoping that it will once again attract international attention with the world’s cheapest tablet computer, the Aakash-2.
The erratic behaviour of the weather this year may impact India’s increasing prominence as a global rice exporter, as a weaker-than-expected southwest summer monsoon has led analysts to revise forecasts for production and export volumes.
Faced with a subdued economic prognosis, in September the government introduced a law that will relax regulations for foreign direct investment (FDI) and ease the business environment for foreign entrants to the retail sector. The politically sensitive ruling, issued on September 20 by the Department of Industrial Policy and Promotion, allows for 51% FDI in multi-brand retailing and comes swiftly on the heels of a September 14 cabinet ruling that relaxes the sourcing norms for foreign retailers investing beyond 51%.

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