The ISO code of India is IN according to the ISO 3166 standard. The local name of the country is Bharat. India capital city is New Delhi. People in India speak the Hindi, and English languages. On 15 August 1947, India emerged as a sovereign political entity. In the year 08/15/1947, India emerged as a sovereign political entity. The largest cities in India are New Delhi, Mumbai (Bombay), Delhi ,Bengaluru (Bangalore), Hyderabad, Ahmedabad, Chennai (Madras), Kolkata (Calcutta)..
India is located in the UTC +05:30 time zone, which is also called India Standars Time or IST. The internet country code top-level domain (ccTLD) for India is .in. Other domains assigned to India are இந்தியா, .भारत, بھارت., .భారత్, .ભારત, .ਭਾਰਤ , .ভারত, .asia. The International dialing code for India is 91. People in India drive on the left side of the road. Total land area of India is 3,287,263 km² (approx. 1,269,214 mi²). India is not a landlocked country. It means that is is bordered by at least one major body of water.
India is located in Asia. India is considered to be a developing nation. The developmental stage of a nation is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality, and quality of life.
Currently India faces various issues, including deforestation, soil erosion, overgrazing, desertification, air pollution from industrial effluents and vehicle emissions, water pollution from raw sewage and runoff of agricultural pesticides, tap water is not potable throughout the country, huge and growing population is overstraining natural resources.
Doing business in India
We offer various corporate services in India jurisdiction. These services can serve both, people coming from India and foreigners. If you plan on doing business in India you might be interested in contacting us.
To find out about starting your business in India click on company formation in India.
To find out how to open a bank account in India and moreover what type of account Confidus Solutions suggests to create, please click on bank account in India.
Choose preferred service below or continue reading to find out more about India.
Demographics of India
The total population of India is 1,354,051,854 people. In India, the population density is 389.28 people per square kilometer (1,013 per square mile). Because of this statistic, this country is considered to be densely populated. The ethnic diversity is diverse according to a fractionalization scale which for India is 0.4182. India has approximately 5240960 foreign immigrants. The median age is approximately 27 years. In India, 12.58 in every 100 people use internet. India has a Human Development Index (HDI) of 0.586.
The majority religion of India is Hinduism, India is considered to be a developing nation. The developmental stage of a nation is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality, and quality of life. Click on a link to read more on demographics of India.
Culture of India
People in India speak the Hindi, and English languages. According to data on inbound tourists in India, 6,968,000 tourists arrive in the country each year. The first McDonalds in India was opened on 13 October 1996, and it was located in Delhi. One of the most popular national dishes of India is various types of curry. To read more click on culture of India.
Geography of India
India is considered to be a vast nation because of its total area. Its total land area is 3,287,263 km² (approx. 1,269,214 mi²). India is located in Asia. Its capital city is New Delhi. India has 7 neighbouring countries. Its neighbours include Bangladesh, Bhutan, Myanmar, People's Republic of China, Nepal, Pakistan, and Sri Lanka. Total length of land borders of India is 13888 kilometers (~5,362 miles).
The highest point of India is Kangchenjunga, with its official height being 8586 m (28,171 ft). Including land mass and EEZ, the total area of India is approximately 5,592,406 km² (~2,159,230 mi²). The most notable natural resources found in India are coal, iron ore, manganese, mica, bauxite, rare earth elements, titanium ore, chromite, natural gas, diamonds, petroleum, limestone, arable land.To read more click on geography of India.
Economy of India
The currency of the country is Indian rupee. The symbol used for this currency is ₹, and it is abbreviated as INR. 3.5% of population in the country are unemployed. The total number of unemployed people in India is 47,391,815. Each year, India exports around $313.2 billion and imports roughly $467.5 billion. The Gini Index of the country is 33.6. India has a Human Development Index (HDI) of 0.586.The Global Peace Index (GPI) for India is 2.504. India has a government debt of 53.8% of the country's Gross Domestic Product (GDP), as assessed in 2012. India is considered to be a developing nation. The developmental stage of a nation is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality, and quality of life. Major industries in the country are textiles, chemicals, food processing, steel, transportation equipment, cement, mining, petroleum, machinery, software, pharmaceuticals.
The total Gross Domestic Product (GDP) assessed as Purchasing Power Parity (PPP) in India is $7,411,093 billion. Each year, consumers spend around $1,106,702 million. The ratio of consumer spending to GDP in India is 0%, and the ratio of consumer spending to the world consumer market is 2.57. The corporate tax in India is set at 30%. Personal income tax ranges from 0% to 30%, depending on your specific situation and income level. VAT in India is 14.5%. In 2013, India received 1667.6 million USD in foreign aid.In 2014, the foreign aid amounted to 451.2 USD.To read more click on economy of India.
Infrastructure of India
Infrastructure quality in India is rated to be at 2.88. It indicates a satisfactory quality - roads, railroad, ports and other facilities are able to handle significant traffic at all times and are also suited to various types of transport vehicles and vessels.
In India, 78.7% of the population has access to electricity. There are 6,746,000 internet hosts in India. India has 346 airports nationwide.
The logistics performance index of India is 3.08. It indicates a satisfactory performance - in general, traffic is handeled well, some flaws in certain areas are possible, but overall the logistics system performs reliably and is ready to handle predictable amounts of traffic.
Tracking possibilities for shipments are rated at 3.11. It indicates a satisfactory performance - the tracking systems provide all the basic information as well as additional data about shipments; most of the times it also has a weel established cooperation with foreign and international tracking systems, as well as usually provides information in multiple languages.
The number of road motor vehicles per 1000 inhabitants in India is 69. To read more click on infrastructure of India.
Politics of India
India, is a federal parliamentary constitutional republic. With regard to political and civil freedoms, India is 1. Citizens in India experience total freedom. The majority of countries in which citizens enjoy expansive civil liberties and political freedoms are representative democracies, in which officials are directly elected by citizens to advocate for their needs and desires. Free countries are often bolstered by healthy economies and high-functioning governments. The head of the government is Ram Nath Kovind.
According to the World Bank Group, the government effectiveness index of India is -0.2. This indicates that the government of India is mediocre. While some public and civil services are limited, in other cases they can be considered adequate or even effective. Potential investors should carefully evaluate the governmental situation in India before considering any business maneuvers.In India, the legislative power is vested in a Parliament of India. The Global Peace Index (GPI) for India is 2.504. The strength of legal rights index for India is 6. Overall, it is considered to be rather adequate - bankruptcy and collateral laws are able to protect the rights of borrowers and lenders at least decently; credit information is msotly sufficient and generally available. In 2013, India received 1667.6 million USD in foreign aid. In 2014, the foreign aid amounted to 451.2 USD. India is a member of the United Nations (UN). On 30 October 1945, it joined the UN at it inception date as a full member state. India is one of the original UN member states who founded the organization. India is a member of the World Bank. To read more click on politics of India.
Environment of India
India emits 1.7 metric tons per capita of CO2. 802088 km² of India's territory is covered in forests. and forest land comprises 24% of all the land in the country. The number of road motor vehicles per 1000 inhabitants in India is 69. To read more click on environment of India.
Company formation in India
The development of telecommunications and economic globalization has made it possible for interested investors to form companies around the world. With proper research, financial investments, and legal backing, business ventures can safely be established in India.
When establishing a company in India, an interested investor must do due diligence with regard to legal processes, international regulations, and sufficient investment for success. It is critical to understand cultural, social, and political factors of India that will affect the establishment and growth of one's business. Contact us or click on company formation in India to read additional information when setting up a business.
Bank account opening in India
With the right paperwork and initial outlay, it is possible for a foreign citizen to open a bank account in India. This opportunity for international accounts and investments offers several advantages based on economic regulations and tax structures. Interest rates and fees vary depending on your interests.
When considering opening a bank account in India, one must enlist the help of international experts to guide them through the process. To find out more about our banking services click on bank account in India or contact us.