Evaluating the market in India

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Country Risk Quarterly

Read the Country Risk Quarterly interactive guide for valuable insights on rapidly changing global markets, new opportunities and the latest political and economic risks that could affect your business.
 

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Global Export Forecast

Read the Global Export Forecast for expert insights from the EDC Economics team on the current trends influencing global trade and Canadian exporting.
 



Read the latest Government of Canada travel advisory for this market.
 

Business environment in India

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 large, young 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, it's ranked 63 out of 190 in the Ease of Doing Business index, a significant increase from 130 in 2014. Export Development Canada (EDC) serves Canadian companies in India through our local representations in New Delhi and Mumbai.

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.

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If you’re an existing customer, please contact your EDC account manager about any additional support you need. If you’re new to EDC, please contact us weekdays between 9 a.m. and 5 p.m. ET.

1-800-229-0575

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Date modified: 2023-08-18