An Introduction to Doing Business in India 2023 – New Publication from Dezan Shira & Associates
India defied global trends in 2022 to witness record M&A activity and remains among the fastest growing economies in the world. Despite economic headwinds due to geopolitical factors and a global consumption slowdown, the World Bank revised its 2022-23 GDP forecast for India upwards to 6.9 percent from 6.5 percent (in October 2022).
In 2022, India boasted of over 100 start-up unicorns and the third largest start-up ecosystem in the world. The government powered through trade negotiations with leading markets to conclude FTAs with the UAE and Australia. Infrastructure spending too has been robust with connectivity projects sanctioned and sped up. Meanwhile, beneficiaries were finalized for several production-linked incentives (PLI) schemes announced over the last two years to enhance domestic manufacturing capacity. Business reforms – via reducing procedural complexities and digital governance – have been pushed alongside policies to attract greater foreign investment in major states.
Going into 2023, India wants its presidency of the G20 to coincide with achieving inclusive development, higher economic growth, accelerating exports for core industries, moving up the global value chain, and expanding green sectors to meet climate action targets.
Designed to assist you with your India market strategy, this doing business guide is compiled by the experts at Dezan Shira & Associates, a specialist practice providing business intelligence, corporate establishment, business advisory, tax advisory and compliance, accounting, payroll, due diligence, and ﬁnancial review services to multinationals investing in emerging Asia.
Doing Business in India 2023 covers the following topics:
- India’s investment climate
- Setting up business in India
- Mergers and acquisitions
- Transfer pricing
- Financial reporting and audit
- Human resources and payroll
India Briefing is produced by Dezan Shira & Associates. The firm assists foreign investors throughout Asia from offices across the world, including in Delhi and Mumbai. Readers may write to firstname.lastname@example.org for more support on doing business in in India.
We also maintain offices or have alliance partners assisting foreign investors in Indonesia, Singapore, Vietnam, Philippines, Malaysia, Thailand, Italy, Germany, and the United States, in addition to practices in Bangladesh and Russia.
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