Author: Himanshu Srivastava & Shyam Ramakrishnan, ASA.
India’s dynamic economy and large market size make it an attractive destination for foreign investors looking to form joint ventures (JVs). India continues to be one of the world’s fastest-growing major economies, with a GDP growth rate that is projected to remain robust in 2024. This growth is driven by increased domestic consumption, expanding infrastructure, and digital transformation. With a population of over 1.4 billion, India offers a vast and diverse consumer market, making it an attractive destination for all businesses. The growth of India’s middle class is driving demand for a wide range of products and services, from financial services to luxury goods. This presents significant opportunities for JVs looking to introduce new products or expand their existing market share.
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