India is one of the fastest-growing economies in the world, with GDP growth projected to be around 7% in 2023-24. This growth is being driven by a number of factors, including a young and growing population, rising disposable incomes, and increasing urbanisation.
Strong Economic Growth
The Indian government has implemented a number of reforms in recent years to make the country more attractive to foreign investors. These reforms include simplifying the regulatory environment, reducing taxes, and improving infrastructure.
Favourable Government Policies
India has a thriving startup ecosystem, which is producing some of the world’s most innovative companies. This startup ecosystem is creating new jobs and attracting investment from all over the globe.
Vibrant Startup Ecosystem
The Indian stock market is trading at a relatively low valuation compared to other major markets. This means that there are opportunities to buy good quality stocks at attractive prices.
Undervalued Stock Market
NRIs are eligible for a number of tax benefits when investing in India. For example, NRIs who invest in Indian mutual funds for more than three years are taxed at a lower rate than resident Indians.