Manufacturing in India: opportunities, challenges, and mythsIndia represents an economic opportunity on a massive scale, says KPMG. China and India are likely to be the world’s two biggest economies by mid-century, and although India has underperformed in the first lap of the growth race, there was a strong possibility that India may well move ahead. Although India is still seen by industrial investors as an economy where risk is higher and the business environment more problematic than in rival Asian investment locations, India also offers some advantages in the region.
The legal framework that protects investment is one of the best in Asia. The economy offers an abundance of technical and managerial talent, often with international experience.
Geopolitical risk is diminishing consistently, in contrast with some of India’s emerging economy rivals in Asia. And above all, India has a demographic advantage that should see its working age population continue to grow well into the century, increasing wealth and reducing cost.
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KPMG is the global network of professional services firms who provide audit, tax and advisory services. KPMG LLP operates from 22 offices across the UK with 9,000 partners and staff. KPMG recorded a UK fee income of £1,066 million in the year ended September 2004. KPMG LLP, a UK limited liability partnership, is the UK member firm of KPMG International, a Swiss cooperative.
Article is in the following categories:
Knowledge Bank» Country Focus» Asia» India
Knowledge Bank» Country Focus» Asia» India
