India is a haven for new businesses. Any business from any field of life would find a lot of consumers in India. Let it be the travel industry, technology gadgets, home improvement industry, health industry, Automotives, or anything you can imagine, you can find a lot of consumers with different price ranges.
If we talk about the mobiles market, India has a lot of consumers for low-cost Chinese mobiles. Lava, Infinix, and other such low-priced mobile brands have a huge consumer market in India. On the other hand, a lot of high-end Samsung mobiles and Apple iPhones are sold in India.
Here you can check the best mobiles under the 30000 price range.
People would love to buy smartphones as low as 5000-/ INR to the most expensive iPhone of around 150,000-/ INR. That is the reason, Apple had started manufacturing their iPhone in India years ago.
A lot of foreign companies and entrepreneurs are looking to get Indian visas. They are filling out an Indian visa application to get a chance to start their new business in India as a foreigner or to open their new franchise in India.
Because of the huge interest of foreigners in starting a new business in India, and the great economical policy of the current Indian government, India’s GDP growth is tremendous. Despite the huge Covid lockdown and the worst Corona pandemic in India, the economy of India is still growing.
These are the most important factors that India’s progress in South Asia is tremendous. In the coming years, India would be the leading business market in Asia. It is already the second-largest consumer market in Asia after China.
Not only imports, but the exports are also increasing because the businesses who are coming to India, are getting a chance to export their products from India to other South Asian countries like Pakistan, Afghanistan, Iran, Bangladesh, Bhutan, Nepal, Taiwan, Indonesia, and many more.
India: The Next Super Power?
All these factors are indicating that India could be the next World’s Super Power. Yes, it is not that much easy. A lot of work has to be done. The next government in India would be looking to keep the growth as it is.
They need to introduce new tax and business laws in India and they also need to register the local business in India as well. There are a lot of small businesses operating in the country without any registration.
With that, India needs to settle down its issues with neighboring countries like Pakistan and China as well. So that Indian products can find new consumer markets in the area. With the improvements in exports, India could be the next superpower in 2050.
Who Can Start Business in India?
Anyone in the world from the USA, UK, Canada, Australia, the whole of Europe, and citizens of other countries can start their business in India. The only condition is that, they should have a proper business visa and their business should be legal in India.
A lot of Australian citizens are showing their interest in Tourism in India and they can get their tourist India visa from Australia without any problem.