Population 1.3 billion is equivalent to 17.74% of the total world population is second most populous country after China. The population density in India is 1,167 people/sq. mile. The total land area is 1,147,955 sq. miles, 32.8 % of the population is urban (439,801,466 people in 2018). The median age in India is 27.0 years.
GDP $2.439 trillion (nominal; 2017). It is the world's sixth-largest economy by nominal GDP and the third-largest by purchasin
g power parity (PPP). The country ranks 141st in per capita GDP (nominal) at $1,723 and 123rd in per capita GDP (PPP) with $6,616 as of 2016. After 1991 economic liberalization, India achieved 6-7% average GDP growth annually. In FY 2015 and 2017 India's economy became the world's fastest growing major economy surpassing China. Click here for the U.S. Commercial Service's India Commercial Guide.
As a member of the Madrid Protocol, the Indian government recognizes U.S. patents and trademarks. India jumped 30 spots in Ease of Doing Business ranking by the World Bank in 2018. Click here for their India fact sheet. India is regularly listed as a top producer in film & visual arts, food and automotives by various trade reports. Finally, the Indian American community is the fastest growing demographic in the City of Austin, with many GAACC members who can be resources for doing business in India.
Invest India supports foreign expansion to India. It is the National Investment Promotion and Facilitation Agency of India and acts as the first point of reference for investors in India. Invest India provide multiple forms of support such as market entry strategies, deep dive industry analysis, partner search and location assessment policy advocacy with decision makers.
Make In India initiative was launched by Prime Minister Narendra Modi in September 2014 as part of a wider set of nation-building initiatives. It was devised to transform India into a global design and manufacturing hub, it represents a complete change of the Government’s mindset – a shift from issuing authority to business partner, in keeping with Prime Minister's tenet of Minimum Government, Maximum Governance.
Startup India is an initiative of the Government of India to support innovative startups in India. Under this initiative, the government has already launched the I-MADE program, to help Indian entrepreneurs build 1 million mobile app start-ups, and the MUDRA Banks scheme, an initiative which aims to provide micro-finance, low-interest rate loans to entrepreneurs from low socioeconomic backgrounds. Initial capital of ₹200 billion (US$3.1 billion) has been allocated for this scheme.
The Startup India Hub is developed under Startup India; it is an online platform for all stakeholders of the startup ecosystem in India, including startups, investors, mentors, incubators, accelerators, aspiring entrepreneurs, service providers and government bodies.
The Indian American Coalition of Texas (IACT) and Citizens Group Pune are forming a Friendship City and Pune will be Austin's focus for trade ties as well. Be on the lookout for a hackathon in August 2018!