India is an open economy in the process of integrating with the world economy. Economic reform has involved the disbanding of the licensing system. Most sectors are now open to foreign investment.
Economic reform commands a national consensus spanning all political parties and is irreversible.
It is one of the top ten big emerging markets today. Located strategically, India is a good base for sourcing production for both the domestic market and for export. India has a free press and a strong and independent judicial system. English is the language of commerce and administration. The Indian economy is like a sleeping giant which, if awakened, could by itself transform the face of the global economy.