India has engaged in activities to strengthen its commercial ties with the United States, Japan, the European Union, Iran, China and the Association of Southeast Asian Nations. However, the U.S. Department of State notes that constraints on its economic growth include inadequate infrastructure, a cumbersome bureaucracy, corruption, labor market rigidities, regulatory and foreign investment controls, the 'reservation' of key products for small-scale industries and high (although declining) fiscal deficits. The outlook for further trade liberalization is mixed. India eliminated quotas on 1,420 consumer imports in 2002 and has incrementally lowered non-agricultural customs duties in recent successive budgets. However, the tax structure is complex, with compounding effects of various taxes.
Perhaps you're interested in establishing a partnership with one of the country's exporters. You may be considering joint ventures with Indian companies, franchise or licensing opportunities or sales of your products and services in Argentina. Whatever your interests and needs, the resources provided in this section will lead you to information that can support your entry into this market.
More About Business Basics
Everything from understanding government regulations and tariffs, to the right labeling and gaining local representation comes into play when doing business in India. Getting the basics down can prepare you for market entry.
This website, created by the government of India, provides introductory information as well as links to information about foreign trade policy, trade agreements, trade statistics, and international trade trends as well as instructions on how to register a company or register as an employer.
The Federation of International Trade Associations, (FITA), whose members include more than 450,000 trade-related organizations, created this resource, which provides an introduction to this market. Use the links on this page to navigate to more information about India's economy and political structure, business environment and standards for selling, buying, and operating a business.
This short profile of the Indian market was prepared by the Australian Trade Commission (Austrade), the Australian government's trade and investment development agency. It reviews India's economic climate and provides information and statistics about trade relations.
Austrade reviews Indian market entry strategy, negotiations and etiquette. Links from this page also offer information about such topics as tariffs; methods of quoting and payment; intellectual property; and various documentation and tax issues.
UK Trade & Investment, a division of the government of the United Kingdom, created this downloadable PDF report on doing business in India. The report provides introductory information about the market, advice to companies that want to export to or do business in India, and a guide to etiquette, language and cultural concerns.
Understanding market-specific issues, such as licensing, employment issues, getting credit or starting a business or franchise, is critical in moving into new countries.
This Department of Commerce website provides links to information regarding India's trade promotion programs targeting the Commonwealth of Independent States (known as the CIS Region), Africa, and Latin America.
The World Bank's "Doing Business In" project compares business procedures and economic regulations in 181 countries throughout the world. This page provides introductory information about the Indian market. Most World Bank materials are published in English, Spanish, Portuguese, French, Russian, Chinese and Arabic.
This comprehensive report includes chapters about dealing with licenses, starting or closing a business, employing workers, getting credit, protecting investors, paying taxes, enforcing contracts and trading across borders in India.
This World Bank chart summarizes the procedures, schedule requirements and costs associated with setting up a business in India.
Using the building of a warehouse as an example, this page features a chart summarizing the procedures, time and costs to build in India. Text beneath the chart provides details about each procedural step in the process.
Business success abroad depends not only on the quality of your products and services, but also on the knowledge and respect you show for the customs and manners of business people in your host country. These guides will help you to ensure that your business conduct in India makes a positive impression.