India Legal Updates

HLS India publishes updates covering legal, regulatory, and important judicial pronouncements with analysis on corporate laws, taxation, advisory, industry and expats related matters.


Supreme Court of India Flags Lapses in implementation of POSH Act


Practising CA, CS and CWAs brought under the ambit of PMLA in case...


Taxation of Income from Royalty and Fee for Technical Services (FTS)

INDIA LEGAL UPDATE (11 April 2023)

RBI issues Framework for Acceptance of Green Deposits

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Indian Union Budget 2022 Highlights

– India’s economic growth estimated at 9.2% to be the highest among all large economies.
– 60 lakh new jobs to be created under the productivity linked incentive scheme in 14 sectors.
– PLI Schemes have the potential to create an additional production of Rs 30 lakh crore.
– Entering Amrit Kaal, the 25 year long lead up to India @100, the budget provides impetus for growth along four priorities:

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Why India?

India is one of the fastest growing economies in the world. Doing successful business in India’s complex and diverse markets requires long-term planning, a deep understanding of consumers, patience, and a location-by-location strategy.

HLS Global supports multinational companies with devising the best strategy to do successful business in the Indian market. We help clients and investors with their India entry strategy, incubation and business setup, operations, and advisory. With a presence of bilingual professionals in our US, Mexico, Tokyo and New Delhi offices, we help our clients assess the market and navigate them the ever-dynamic culture of India. Please contact us to get in touch with our India market entry professionals.

India Insights – Government Initiatives

Auto Components industry in India is expected to grow to $200 bn by 2026 and 6% CAGR in next 6 years. Presently, it consists of 2.3% share in India’s GDP. 

The construction Industry in India is expected to reach $1.4 Tn by 2025. 100% FDI is allowed under the automatic route for urban infrastructures such as urban transport, water supply, and sewage treatment. 

The ‘Digital India’ initiative is expected to boost the country’s digital economy to US$ 1 Trillion by 2025. 

Major sectors receiving FDI equity inflow are Services Sector, Computer Software & Hardware, Telecommunications, Trading and Automobile Industry.  

India is the second largest mobile manufacturer in the world. By 2025, India’s domestic electronics market is expected to grow to $ 400 billion. 

India has the largest share in global services outsourcing industry and contributed almost 7.4% share in India’s GDP. By 2025, this sector’s revenue is estimated to reach USD $ 350 bn.  

Enhancing manufacturing through investments, innovation and by building a leading manufacturing infrastructure. 

Indian Railways plan to run on 100% electricity by 2024 and become a net-zero emission network by 2030 – rail infrastructure will see an investment of USD 700 billion by 2030; USD 1.23 bn FDI inflows in railways components  

Annual renewable energy target of 450 GW by 2030 – to increase the country’s share of non-fossil-based installed electric capacity to 40 % by 2030.  

The government of India aims to construct 2,00,000 kms of national highways by 2025. 

India is expected to have the largest workforce in the world by 2025. 

Namami Gange Mission-II for conservation and rejuvenation of River Ganga is approved with a budgetary outlay of US$ 2.72 billion till 2026. 11.7 crore household toilets constructed under Swachh Bharat Mission. 

Combined outlay of about USD 22.5 billion to create 100 Smart Cities and rejuvenate 500 cities (AMRUT)

The government has allocated US$ 74 million for start-ups till 2025 for providing seed funding to eligible startups. 

Tourism and Hospitality Sector contributes almost 6.8% share in India’s GDP and creating 39 million employment opportunities. This sector is expected to grow with 21% CAGR in next 6 years.  

Our Sources:

  • Press Information Bureau – Government of India
  • India Brand Equity Foundation (IBEF)
  • Ministry of New and Renewable Energy – Government of India
  • Department of Telecommunications, Ministry of Communications – Government of India
Please contact us to get in touch with our India market entry professionals.