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Overview of India’s economy:
India: Accelerating growth
simple average of rates of growth of GDP in the preceding years

India is the largest democracy and 4th largest economy (in terms of purchase power parity) in the world. India is also tenth most industrialized country in the world. With its consistent growth performance and abundant high-skilled manpower, India provides enormous opportunities for investment, both domestic and foreign.
Major reform initiatives have been taken since 1991, in the fields of investment, trade, financial sector, exchange control simplification of procedures, enactment of competition and amendments in the intellectual property right laws, etc.
The service sector improved its performance significantly from 7.9% in 2002-03 to 9.1% in 2003-04. The strong performance of the capital goods sector coupled with increased imports of capital goods also augurs well for domestic capacity expansion in large number of industries. The present trend indicates a positive outlook for industrial growth due to increased capacity utilization, improved industrial climate, expanding external and domestic demand and ease in availability of credit.
The strong and positive outlook of both foreign and domestic investors indicates that India is ready for a big push as the growing interest of foreign investors is coinciding with the rising confidence of domestic private investors. The increasing efficiency and competitiveness of domestic producers, liberalized trade, and deregulated interest rate regime are critical contributors to both growth acceleration and macro economic stability.
Who can invest in Indian Stocks?
Who is a person resident in India?
Who is a Nonresident Indian?
Who is an PIO?
Who is a person Of Indian Origin (PIO)?
Benefits of Person Of Indian Origin (PIO) Card Scheme
Procedure for Application for PIO Card
Who is an Overseas Citizen of India (OCI)?
What are the investment opportunities available to NRIs in India?
Types of NRI bank accounts:
How can an NRI invest/trade in Indian stock markets?
General Permission to NRI/PIO’s:
Direct investment opportunities:
Other investments by NRIs without repatriation benefits:
Tax benefits for NRI:
Portfolio Investment Scheme for NRI’s:
Remittance facilities for NRI’s/PIO’s:
Comparative chart on NRI/PIO/PIO card holders/OCI:
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