An Introduction to Doing Business in India 2023 – New Publication from Dezan Shira & Associates

Posted by Written by Naina Bhardwaj Reading Time: 3 minutes

An Introduction to Doing Business in India 2023, the latest publication from Dezan Shira & Associates, is out now and available as a complimentary download on the Asia Briefing Publication Store.

Doing Business in India 2023 guide

India defied global trends in 2022 to witness record M&A activity and remains among the fastest growing economies in the world. Despite economic headwinds due to geopolitical factors and a global consumption slowdown, the World Bank revised its 2022-23 GDP forecast for India upwards to 6.9 percent from 6.5 percent (in October 2022).

In 2022, India boasted of over 100 start-up unicorns and the third largest start-up ecosystem in the world. The government powered through trade negotiations with leading markets to conclude FTAs with the UAE and Australia. Infrastructure spending too has been robust with connectivity projects sanctioned and sped up. Meanwhile, beneficiaries were finalized for several production-linked incentives (PLI) schemes announced over the last two years to enhance domestic manufacturing capacity. Business reforms – via reducing procedural complexities and digital governance – have been pushed alongside policies to attract greater foreign investment in major states.

WEBINAR – Decoding India’s Union Budget 2023-24: What’s in it for Businesses?

February 10, 2023 | 2:30 PM India Time / 4:00 PM Vietnam Time / 5:00 PM China Time

Amid the ongoing global headwinds underlined by post-pandemic spillovers, supply chain disruptions due to the ongoing Russia-Ukraine conflict, and possible recessionary pressures facing developed economies, the Indian economy has stood resilient. India is after all well on its way to register a growth rate of seven percent in FY23.

To reach India’s target of becoming a US$5 trillion economy, corporate firms and MNCs have had high hopes for the Union Budget 2023–24, particularly with regard to tax reforms, measures to facilitate ease of doing business, and continued capex emphasis on infrastructure.

Industry observers had anticipated that the budget will accelerate India’s economic growth by bolstering supply-side capabilities and addressing demand imbalances. Inflation has been a sticky issue affecting consumption, and the 2023 budget was expected to give policy options to boost consumption patterns.

On  February 10, Adv. Naina Bhardwaj,  India Briefing and Asia Briefing Editor, will discuss the impact of the Union Budget 2023-24 on foreign companies doing business in the country while outlining key aspects of India’s investor-friendly business ecosystem.

We invite you to join us in this webinar to decode key budget announcements and understand their implications for various industries, businesses, and individuals.

During the webinar, Naina will address the following areas:

  • India’s Economic Outlook Union Budget 2023–24 Overview
  • Direct and Indirect Tax Incentives
  • Key Sectoral Announcements
  • FDI Related Announcements
  • Major Takeaways

This webinar is FREE of charge.

REGISTER TODAY

Going into 2023, India wants its presidency of the G20 to coincide with achieving inclusive development, higher economic growth, accelerating exports for core industries, moving up the global value chain, and expanding green sectors to meet climate action targets.

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LET OUR EXPERTS GUIDE YOU IN YOUR INDIA STRATEGY

Designed to assist you with your India market strategy, this doing business guide is compiled by the experts at Dezan Shira & Associates, a specialist practice providing business intelligence, corporate establishment, business advisory, tax advisory and compliance, accounting, payroll, due diligence, and financial review services to multinationals investing in emerging Asia.

Doing Business in India 2023 covers the following topics:

  • India’s investment climate
  • Setting up business in India
  • Mergers and acquisitions
  • Taxation
  • Transfer pricing
  • Financial reporting and audit
  • Human resources and payroll

About Us

India Briefing is produced by Dezan Shira & Associates. The firm assists foreign investors throughout Asia from offices across the world, including in Delhi and Mumbai. Readers may write to india@dezshira.com for more support on doing business in in India.

We also maintain offices or have alliance partners assisting foreign investors in Indonesia, Singapore, Vietnam, Philippines, Malaysia, Thailand, Italy, Germany, and the United States, in addition to practices in Bangladesh and Russia.