As one of the world’s fastest-growing economies, India continues to attract foreign investment due to its competitive labour costs, high potential domestic market with a young large population, and skilled workforce. Although there are some challenges to doing business in India⁠—bureaucracy, underdeveloped infrastructure, lingering corporate and social responsibility issues and tariff barriers⁠—it’s a country with tremendous economic potential and has made great strides in transforming its business environment into an attractive place to invest. For instance, in the 2014 Ease of Doing Business index, India ranked 130 out of 190 countries. It’s now ranked 63rd.
Export Development Canada (EDC) serves Canadian companies in India through our local representations in New Delhi and Mumbai.