India is one of the fastest growing economies in the world with growth levels reaching between 5-6% (5.3% in third quarter of 2014). It is a vast country, about a third of the size of the USA, and made up of 29 different states. The market varies widely across its many different regions and states.
India may be a complex and challenging market but it is one that cannot be ignored by UK companies that are seeking to expand and go international. The business opportunities, which a few years ago, existed only in the traditional economic heartlands of Mumbai, Delhi and Bangalore have now stretched to the emerging cities of Chennai, Nagpur, Ahmedabad, Chandigarh, Pune and Jaipur, to name but a few.
India is full of opportunities, some very visible and some still to be unearthed. As long as we are able to find innovative solutions and creative collaborations, the trade and investment relationship between India and the UK will keep growing.