Foreign Banks in India

Jun 22nd, 2015
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The Indian economy has quite clearly emerged as an attractive market, driven by growing demand, increased savings and high investment rate. The steadily increasing middle class segment in India, coupled with its demographic advantages continues to fuel its growth.Nearly 35% of the population classifies as being young, with a median age of 25.5 years,

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ForewordThe Indian economy has quite clearly emerged as an attractive market, driven by growingdemand, increased savings and high investment rate. The steadily increasing middle classsegment in India, coupled with its demographic advantages continues to fuel its growth.Nearly 35% of the population classifies as being young, with a median age of 25.5 years,which signifies that India is set to gain the benefits of its demographic dividend. India has astrong middle class of 250-300 million expected to double in the next two decades. India isalso set to become the fifth largest consumer economy with aggregate consumptionexpected to grow to 1.53 trillion USD in 2025.India is ready to experience an average real Gross Domestic Product (GDP) growth of5.8% between 2007-50 and it is likely to grow to almost 90% of the size of the USeconomy by 2050, while in the short-term, the GDP growth is projected to be 8.2% inFY11 and 9% in FY12.The rapid growth of the Indian economy is adequately supported by foreign directinvestments (FDI), with investments exhibiting a growth from $5.5 billion in 2006 to $22.9billion in January 2010. Over the last five years, India has ranked amongst the top three FDIdestinations, taking its place after China and the United States.This publication aims to establish the fact that India is an attractive destination forconducting business, with a focussed approach on the banking sector. It illustrates theregulations governing the banking s

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