"Discover 5 reasons for the US to expand their business in India. Explore growth opportunities in India's thriving market now"


The Indian economy has flourished over the past decade, with remarkable statistics illustrating its upward trajectory. According to RBI data, Q1 of FY24-25 anticipates a robust GDP growth of 6.7%, emphasizing India’s ascent towards its ambitious goal of becoming a US$ 5 trillion economy by FY26-27. Deloitte reports a significant reduction in India’s current account deficit (CAD) to 1.9% of GDP in 2023, with projections aiming for further decline this fiscal year. Notably, India’s foreign exchange reserves surged to US$568 billion in 2023, boosting its economic growth and elevating bilateral trade with the US to a global strategic partnership.
Prime Minister Narendra Modi’s recent visit to the US further cemented the Indo-Pacific alignment, as he outlined collaborative initiatives during a joint session of the US Congress. Key announcements in this India-US partnership spanned telecommunications, technology, semiconductor industry, defense partnership, and space exploration highlighting the depth of India-US cooperation. For instance, Micron Technology’s pledge of $2.75 billion investment over five years to train 60,000 Indian engineers signifies a pivotal stride towards fostering technological expertise and innovation within India.
As US businesses seek to channel global competitiveness and expand their market reach, India emerges as an ideal destination, boasting the world’s fastest-growing economy and a rising youth demographic. Leveraging India’s vast market potential and booming workforce, US companies can explore various entry avenues, from licensing and joint ventures to franchising for doing business in India. Alternatively, establishing a remote team in India offers a strategic approach to market penetration, facilitated by an employer of record (EOR) to streamline recruitment and onboarding processes while enabling businesses to focus on core operations.