INDIAN ECONOMY
India having 300 million people growing consumer goods items from eight percent for branded products up to 12% percent over all products. GNP is touching 8 point, Rs. 4000/-per capital income, saving rate has shot up form 23.5% in 2001-2 to 37.4% 2008, Infrastructures and electricity generations are also improve in the country. Contradictory one third of the world poor in India.
India having 300 million people growing consumer goods items from eight percent for branded products up to 12% percent over all products. GNP is touching 8 point, Rs. 4000/-per capital income, saving rate has shot up form 23.5% in 2001-2 to 37.4% 2008, Infrastructures and electricity generations are also improve in the country. Contradictory one third of the world poor in India.
Sophisticated financial sector with vibrant capital market comprising 23 stock exchanges and over 9000 listed companies as well as Bombay Stock Exchange is the second largest after NYSE.
Tax holiday for five years for 100 per cent export units and complete exemption from custom duty on industrial inputs and corporate in export processing Zoens as well as free and full repatriation of capital, technical fee, royalty and dividends as well as Converting foreign currency at the market rate.
Corporate Tax applicable to the foreign companies of a country, with which agreement for avoidance of Double Taxation exists, can be one, which is lower between the rates prevailing in any one of the two countries and the treaty rate.
