Evaluating the market in India

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Business environment in India

As one of the world's fastest growing economies, India continues to attract foreign investment due to competitive labour costs, a high potential domestic market and skilled workforce. However, structural constraints including bureaucracy and a weak rule of law keep India from realizing its full economic potential. Steps have been taken to eliminate some of these bottlenecks by focusing on public sector reforms and improving the business and investment environment. The implementation of the long-sought Goods Services Tax (GST) will help the country create a common internal market and with it greater transparency, improved ease of doing business and tax efficiencies. While India does possess multiple opportunities across several sectors, strong local competition, bureaucracy, underdeveloped infrastructure and lingering corporate and social responsibility issues in both the public and private sector present challenges for Canadian exporters and investors. Exporters must be willing to match the scale of large supply chain demands. EDC serves Canadian companies in India through our local representation in New Delhi and Mumbai.
  • Advanced Security
  • Agriculture
  • Automotive & Heavy Truck 
  • Construction & Infrastructure
  • Environmental Infrastructure & Waste Water
  • Oil & Gas
  • Power
  • Telecom

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Here’s a helpful tip for doing business in India

Because a great deal of business is conducted over meals in India, receiving an invitation for lunch or dinner is a good sign the business relationship is progressing.

Unlock key contacts in India when you download our Market Entry Advisor Guide.

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Karicia Quiroz

Senior Trade Advisor, EDC

Karicia Quiroz  Senior Trade Advisor, EDC