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India is becoming one of the most significant economies in the world with skilled manpower and attractive investment opportunities. There are no foreign exchange controls, the nation has transparent and liberal policies for foreign direct investment (FDI).
The economy is growing at about a 7 percent average growth rate, the judiciary system is well-established and the taxation method is monitored by State and Central governments.
Foreign investments are facilitated with tax incentives such as accelerated depreciation allowances and certain corporate profit taxations. A double taxation treaty has been entered to with 65 countries, including the U.S. For further details please visit the Income Tax Department at www.taxmann.com/TaxmannDit/IntTax/Dtaa.aspx
Useful information about India is available at
www.indianembassy.org/newsite/Doing_business_In_India/default.asp
