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India's foreign direct investment (FDI) roadmap for 2023 has been designed to enhance economic growth and improve ease of doing business, with an expectation of attracting $100 billion in FDI in 2022-23. This ambitious target is backed by recent economic reforms and the growing ease of doing business in the country.
The current financial year is also projected to witness a GDP growth of more than 8 percent. However, it is important to note that rising international commodity prices, particularly crude oil, have stirred up the inflation scenario.
The ten-pronged strategy for economic growth and reaching the $5 trillion economy goal can be summarized in three words: Investment, Diversification, and Stabilization.
Investment: This represents the emphasis on increasing infrastructure investments and public investments in the tech, finance, defense and agriculture sector.
Diversification: This refers to the expansion of the Production Linked Incentive (PLI) scheme to more sectors, promoting a diverse range of industries and reducing dependency on any single one.
Stabilization: This denotes the focus on addressing high commodity prices and shortages of raw materials, aimed at creating a more stable and predictable business environment.
As an eCommerce Seller on Amazon Platform we had a requirement to get GST Number in 12 States, Team theGSTco helped us getting GSTN for our Amazon Business in 12 States within a Span of 30 Days.
- Prashant, SND Enterprises
As a Traditional Foreign Subsidiary Company we were planning on going live on Amazon FBA, with an increased reach. theGSTco helped us establish GST Presence in Compliance Heavy States with ease.
- Anand, Rhysley Private Limited
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