India is one of the oldest civilisations in the World, contemporary to civilisations in China, Egypt, Sumer(Mesopotamia), Greece and Rome.
India is also the birthplace of four great religions of the world, Hinduism, Buddhisim, Jainism and Sikhism.
There are few countries in this world, where all religions of the human race are wide spread. Islam and Christianity is widely practised. And other religions such as Jewism, Zoroastrianism and Baha’ism are also very influential.
The people of India also belong to 4 distinct lineages:
- About 75% of the people are from the Indo-European family.
- Around 23% are from Dravidian stock, the original inhabitants of mainland India.
- Balance are from Sino-Tibetan and Mon-Khymer lineage.
Other interesting facets about India:
- India has 18 official languages, including English.
- India has feature films in 15 languages, newspapers in 90 languages/dialects and radio programmes in 70 languages/dialects.
- India’s landscape is also diverse, from the Himalayas of Uttranchal in North India, to the backwaters of Kerala in South India, to the deserts of Rajasthan and beaches of Goa in Western India and the waterfalls and caves in Meghalaya in the North East.
Some of the reasons why India is the place to do business:
- World's largest democracy with 1.2 billion people.
- 10th largest economy in terms of nominal GDP and 4th largest in purchasing power parity
- Stable political environment and responsive administrative set up.
- Well established judiciary to enforce rule of law.
- Land of abundant natural resources and diverse climatic conditions.
- Rapid economic growth: GDP to grow by 8.5% in 2010-11 and 9.0% in 2011-12.
- India's growth expected to sustain at 9-10% over the next 20-25 years (Morgan Stanley).
- Second most attractive Foreign Direct Investment (FDI) location in the world: received a total of US$ 25.9 billion of FDI in 2009-10.
- India's economy will grow fivefold in the next 20 years (McKinsey).
- Cost competitiveness; low labour costs.
- Total labour force of nearly 530 million, with significant English speaking population.
- Young country with a median age of 30 years by 2025: India's economy will benefit from this "demographic dividend".
- Huge domestic consumption. India's wealthiest consumers will increase by 40 million in the next 10 years!
- Domestic market makes India less vulnerable to external turmoils.
- Strong and robust financial sector with the second oldest stock exchange in the world (Bombay Stock Exchange).