India is a global business hub.

[arunima]

India is rising as an Economic power globally and there is no denial about. Recently in April, Apple CEO, Tim Cook visited India and expressed his happiness to expand their business here. Apple has opened their retail stores in Mumbai. Similarly, other global brands like Tesla see India as a promising place for business. Various reasons can be contributed to this increased Interest by global businesses to see India as their hub.
India's huge population is an asset when it comes to having a market and consumer base. The huge population also provides resources across the industry like IT, health, Research etc. India is cost effective place. It's flexible with culture and so it's convenient for offshore businesses. Indians are mostly fluent in English. And the biggest reason in recent decade has been the technology advancements like Digital India and the policies of recent goverment that makes it easy and convenient to do business.
What's your say on that?

 

[eldavis]

I use to think china was the only place when it comes to business, since majority of the companies make use of china for their productions. Its nice to see how far india has grown as well.

 

[fcbetting]

China is not popular anymore since price of work hour rise in China. Also they don't want work anymore low paid jobs as in electronic companys. China politics against US is also problem. Often sanctions affect bad at business.

 

[timewo]

India has the largest population in the world, so most large company are interested in selling their products there. However, increasingly corruption and financial fraud levels are very high, and victims find it difficult to get justice.

 

[arunima]

India has the largest population in the world, so most large company are interested in selling their products there. However, increasingly corruption and financial fraud levels are very high, and victims find it difficult to get justice.

I would agree there. The increasing population and that too with the diversity is an asset in terms of resources and consumer market. But it does come with its own issues. Corruption has reduced in the current regime though a lot more needs to be done. There is a better legal structure in place and also better infrastructure now with current regime, attracting more business investments.

 

[Niyi Briggs]

India presents a great destination for international businesses to explore. The political system is stable, the economy is growing and they present a huge market that would result in huge demand and possible revenue.

 

[Stardom22]

This is not the first time to hear the great news about India being the most next possible economic giant after China. This is evident by the abrupt fall in the China's industrialization.

 

[nomad]

I think India is currently 5th or 6th largest economy, and it has a great potential to go big because it is also a developing nation and a democracy, unlike China which is a communist country.

 

[Niyi Briggs]

So many tech companies are setting up shop in India because it is a great business destination.