Eurasia's megamarkets India Business

The country offers investment opportunities in excess of $500 billion in diverse sectors over the next five years. India is a free market democracy with a legal and regulatory framework that rewards free enterprise, entrepreneurship, and risk taking. Rule of law, an independent judiciary, and a framework of property rights are the three pillars of this market. Legal system based on English common law. The technology-enabled and well-regulated stock market is defined by a nationwide, on-line screen-based trading system.  The 133-year-old Bombay Stock Exchange is the oldest in Asia and the largest in the world in terms of the number of listed companies (4925 companies compared with 3232 companies on the NYSE). The predominant role of an energetic and pragmatic private sector ensures efficient capital allocation and checks overcapacity. Indian companies (Tata, Suzlon, Wipro, Dr Reddy, Bharat Forge, and others) are making foreign acquisitions and themselves becoming global players.