May 25th, 2012—Mumbai, India—Recent events in India had led many to question whether the country could sustain the amazing growth levels it achieved over the past decade. Famous for being one of the BRIC countries poised to be amongst the top 5 economies in the world in the future, brand India has suffered lately with a number of large scale corruption scams that have rocked the entire nation. On top of that, Government of India has not been able to control high inflation and a depreciating rupee that has pushed costs even further.
According to IndiaCompanySetup.com (www.indiacompanysetup.com), there is no doubt that recent events have genuinely dented India’s image. However, it is not as if the India story is over and businesses are not doing well. India is still amongst the fastest growing nations in the world and the country’s strong 500 million plus middle class population is going to fuel growth to new heights in the future. India’s middle class is growing at a rapid pace and more importantly has increasing purchasing power. India is going to be such a huge market that despite complex business laws, it will be too big to ignore for the top companies from all over the globe. Foreign direct investment is bound to continue and India could grow at over 6% per annum in the coming years. That would ensure India remains amongst the fastest growing nations and has one of the most lucrative markets for companies interested in doing business in the country.
As per IndiaCompanySetup.com, the country still has tremendous potential and is sad that the current hiccups have led to a lot of negative feedback regarding India’s future outlook. It is now up to the Government of India to ensure investor confidence is back as soon as possible and also to ensure that brand India does not suffer due to the current scams and other economic issues.
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