India was a closed economy for years with economic policies to strengthen the industries in every sector. However, due to the License Raj the industries though grew but they somewhat failed to maintain the global standards. This is true especially when these industries catered the needs of the local market.
With the change in the economic policies and opening the doors to the rest of the world, the Indian industries today can complete with the global players in the same market. The quality of services and products has gone up multi-folds. The investors from outside India can now invest in the Indian market and also look to market their products and services to the Indian population.
The population of India stands at around 1,095,351,995 and still growing. The need for services and products from any given industry is huge. If we take a small example of a tooth brush, imagine the market available to a company. The rural India is still unexplored to many industries. A sheer penetration to the unexplored areas provide a huge market to the entire world to exploit i.e., to explore and reap rich dividends.
Setting up a new venture provides many benefits like economic labor available, cheap raw materials for some industries, good support from the government and a huge open market where quality and price can make a venture very profitable.
Inviting the Global Players to India!