India today is recognised as the most attractive destination for foreign direct investment. It is not surprising that more and more multinationals worldwide are acquiring a stake in the Indian economy.
The health of the banking industry is important to India's programme of economic reform. In this respect, much has been achieved. Non-performing loans have been cleaned up and deposits and loans are both growing quickly.
Global pharmaceutical sponsors are looking seriously at India for carrying forward their drug development initiatives. The clinical research outsourcing market in India, valued at Rs3.1 billion in 2005, is expected to grow to Rs13.2 billion by 2010.
