Advantages Offered by India
India has fundamental strengths that provide a good business environment - the use of English as the principal language of business and administration, an established independent judiciary, a strong legal and accounting system, a free and vibrant press, an abundance qualified and skilled manpower, self-sufficiency in agriculture, buoyant industrial growth, large and diversified infrastructure and industries spread across the country, a strong and mature private sector (accounting for 75% of India's GDP), growing exports, a comfortable balance of payments situation, current account convertibility, a developed banking system and financial markets, high domestic savings and investment rates, stable inflation rate, etc. In recent times, an ongoing transformation of the regulatory framework in India has been initiated aimed at simplifying and rationalising policies and procedures in every sector of the economy - trade, industry, foreign investment, finance, taxation and the public sector. The economic reforms started in 1991 have succeeded in achieving a large degree of macro-economic stabilisation, and economic growth. The reform process is deregulating the economy and stimulating domestic and foreign investments, with a significant emphasis on promoting the development of infrastructural facilities and foreign investment in the same.