India has great economic potential. It is the third-largest economy in Asia and has shown enormous growth potential. However, due to the coronavirus outbreak, the projected growth rate of 7.5% for 2020 might not be achieved.
Still, there are many entrepreneurs out there who want to invest in India. That’s good news because the company registration in India is a beneficial process. Many foreigners tend to invest in India, and here is why.
The cost of establishing a company in India will cost less for a foreign entrepreneur. According to Pvt Ltd Registration, a Limited Liability company will have a paid-up share capital of up to $1650.
On top of that, the salaries of the Indian workforce is cheap, $200 is the average salary invested in a worker. Indian cities are affordable to live in. Cities like Bangalore and Chennai have a low cost of living index. Clients can save a lot of money living in these inexpensive cities
Foreign investors love to invest in the Indian market and build a company here primarily because of the workforce. India has a massive workforce of 530 million out of which. 50% is below 30 years of age. That means they are young and eager to work.
While these benefits tempt the investors to take the plunge, it is also the prospect of booming the Indian economy that encourages them. India is supposed to reach 3 trillion consumer market in the year 2020.
If there weren’t the coronavirus outbreak, India would have been on the road to meet that target. However, after the Plague, India will return to its good economic stability, and one can register a company in India because there are countless benefits to it.