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Mondaq Business Briefing -K.F. JETSEY& CO.India - Income Tax Issues and Basic Procedures.
(From Mondaq.com)
India today is a vibrant, information technology savvy financially strong country. It is one of the largest industrialized countries, as also has one of the largest skilled manpower in the world.
It has a free economy with liberalized, market driven policies that strengthens the base at macro and micro levels.
The country's focus is on fast track development of infrastructure like power, communications, roadways and highways, airports etc.
Capital goods, consumer goods, service industry all have a huge market potential in India.
The controlled low inflation rate, a stable Indian rupee, repatriation of earnings, free convertibility on trade account, comfortable forex reserves and improved balance of payments position are a further reflection of the strong economy.
With a commitment to continuous reforms, the Indian economy after its turnaround from 1991 has truly and firmly set its path on globalisation.
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