food for thought, page-5

Some points from an Ernst and Young report,

DOING BUSINESS IN INDIA.

http://www.ey.com/Global/Assets.nsf/India/Final_DBI_2006/$file/Final%20DBI%202006.pdf


- English is the business language and is widely spoken
- Large pool of skilled, low-cost English-speaking workforce
- Low costs
- Good transport system
- India is a democratic republic
- India has an independent judiciary
- Fast growing economy and forecast to be the 3rd largest world economy by 2050
- Private sector accounts for 75% of GDP
- Since commencement of economic reforms in 1991 successive governments have implemented strong measures to liberalise the business environment and boost industrial growth

Mining
-India is blessed with huge reserves of minerals
-Adequate exploration is yet to be carried out to adjudicate the full potential of the country's reserves.

etc