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World's largest democracy with 1.2 billion people.
Stable political environment and responsive administrative set up.
Well established judiciary to enforce rule of law.
Land of abundant natural resources and diverse climatic conditions.
India's growth will start to outpace China's within three to five years and hence will become the fastest large economy with 9-10 per cent growth over the next 20-25 years (Morgan Stanley).
Investor friendly policies and incentive based schemes.
India's economy will grow fivefold in the next 20 years (McKinsey).
Cost competitiveness; low labor costs.
Total labor force of nearly 530 million.
Large pool of skilled manpower; strong knowledge base with significant English speaking population.
Young country with a median age of 30 years by 2025: India's economy will benefit from this "demographic dividend".
The proportion of population in the working age group (15-59 years) is likely to increase from approximately 58 per cent in 2001 to more than 64 per cent by 2021.
Huge untapped market potential.
The urban population of India will double from the 2001 census figure of 290 m to approximately 590 m by 2030 (McKinsey).
Progressive simplification and rationalization of direct and indirect tax structures.
Reduction in import tariffs.
Full current account convertibility.
India is member of WTO.
Robust banking and financial institutions.
Government supporting make in India