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ECONOMY
India is the seventh largest and second most populous country
in the world. A new spirit of economic freedom is now stirring in
the country, bringing sweeping changes in its wake. A series of
ambitious economic reforms aimed at deregulating the country and
stimulating foreign investment has moved India firmly into the front
ranks of the rapidly growing Asia Pacific region and unleashed the
latent strengths of a complex and rapidly changing nation.
India's time tested institutions offer foreign investors a transparent
environment that guarantees the security of their long-term investments.
These include a free and vibrant press, a judiciary which can and
does overrule the government, a sophisticated legal and accounting
system and a user friendly intellectual infrastructure. India's
dynamic and highly competitive private sector has long been the
backbone of its economic activity. It accounts for over 75% of its
Gross Domestic Product and offers considerable scope for joint ventures
and collaborations.
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General Information
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