India is the world’s largest democracy with a population of 1.3 billion people. It is home to the world’s second largest workforce and the working age proportion of India’s population will increase further in the coming decades. India’s economy grew 7.5% last year, making it the fastest growing G20 economy and an attractive destination for businesses in many sectors.
The government has launched a range of investment initiatives that have spurred growth especially in maritime, infrastructure, transport, water, sanitation, agriculture, and urban development sectors. At the same time, conditions for FDI have been improved in most sectors and the processes involved have been much simplified.
Recently, this upward trend in the Indian economy and investment conditions has been reflected in Danish trade with India, as export of goods to India is expected to increase by 9.3% in 2016 compared to 2015 and Danish companies increasingly invest in India.