India
India, officially the Republic of India, is a vast country in South Asia known for its rich history, diverse culture, and complex tapestry of religions. It's the seventh-largest country by land area and the second-most populous nation in the world, with over 1.4 billion people. India boasts a democratic government since gaining independence from British rule in 1947. Its economy has transitioned from predominantly agrarian to one of the fastest-growing major economies, driven by sectors like IT, pharmaceuticals, and textiles. The nation is also famous for its linguistic diversity, with hundreds of languages spoken, including Hindi and English as official languages. Culturally, India is celebrated for landmarks like the Taj Mahal, its vibrant festivals like Diwali and Holi, and its profound influence in arts, science, and spirituality through ancient texts like the Vedas. Despite progress, India faces challenges including poverty, corruption, and environmental issues.
last updated on Jan 02, 2025
Taxes
Individual tax rate: Low to Moderate
India employs a progressive tax system for individuals where tax rates increase with income. Under the new tax regime effective from FY 2024-25, the slabs are as follows: no tax on income up to ₹3 lakh, 5% on income between ₹3-6 lakh, 10% for ₹6-9 lakh, 15% for ₹9-12 lakh, 20% for ₹12-15 lakh, and 30% for income above ₹15 lakh. This regime forgoes certain deductions but offers lower tax rates. The old regime allows for various deductions, potentially reducing tax liability but at higher rates.
Challenges: Moderate to High, due to complexity in choosing between regimes and understanding applicable deductions.
Source: Income Tax Department of India
Corporate tax rate: Moderate to High
India's corporate tax structure offers different rates for domestic and foreign companies. Domestic companies can opt for a 22% rate (plus surcharge and cess), or 15% for new manufacturing companies set up after October 2019. Foreign companies are taxed at 40% with additional surcharges and cess. These rates are subject to certain conditions like not claiming specified deductions or exemptions.
Challenges: Moderate to High, as businesses must navigate through eligibility for lower rates, compliance, and tax planning.
Source: Ministry of Finance, India
Crypto friendly: Moderate
India has imposed a 30% tax on crypto profits with no deductions allowed, except for the acquisition cost, indicating a cautious approach towards cryptocurrencies. A 1% TDS on transactions also applies, aiming to track and regulate crypto dealings. This taxation reflects India's intention to integrate cryptocurrencies into its financial system while maintaining regulatory oversight.
Challenges: High, due to stringent taxation, regulatory uncertainty, and lack of clear crypto policies.
Source: Indian Income Tax Act
Bank account friendly: Moderate
Opening a bank account in India involves KYC (Know Your Customer) norms, requiring identity, address proof, and sometimes income proof. Foreigners might need additional documents like visas or passports. India's banking sector provides various account types, from basic savings to NRE/NRO accounts for non-residents. Digital banking has made processes more accessible, but challenges remain for those unfamiliar with the system or lacking necessary documentation.
Challenges: Easy to Moderate, primarily due to documentation requirements and understanding the banking norms.
Source: Reserve Bank of India
Visas
Investor Visa: Moderate to Hard
India does not offer a specific "Investor Visa", but foreign investors can apply for a Business Visa. This visa allows entry for those establishing or exploring business opportunities, requiring a minimum investment to qualify for Permanent Residency Status (PRS). Investment must result in job creation for Indian residents. The business visa permits multiple entries and can be extended up to five years.
Challenges: Moderate to Hard, due to the need for substantial investment proof, job creation, and understanding complex visa regulations.
Source: Indian Ministry of Home Affairs
Digital Nomad Visa: n/a
India doesn't have an official Digital Nomad Visa. However, digital nomads can enter on a Tourist Visa or Business Visa. The Tourist Visa allows stays up to 180 days, extendable for another 180 days, while a Business Visa can be valid for up to 5 years with multiple entries. These visas don't explicitly permit remote work for foreign companies, which can pose legal ambiguities.
Challenges: Hard, given the lack of a specific visa and potential legal issues with remote work.
Source: Indian e-Visa portal
Marriage Visa: Moderate to Hard
For foreigners marrying an Indian citizen, the X Visa (Entry Visa for spouse of an Indian national) can be applied for. Documentation includes marriage certificate, proof of the Indian spouse's nationality, and sometimes a police clearance certificate. This visa can lead to long-term residency.
Challenges: Moderate to Hard, due to stringent documentation requirements and potential scrutiny of the marriage's authenticity.
Source: Indian Ministry of External Affairs
Visitor Visa: Easy to Moderate
The e-Tourist Visa allows visitors for tourism or casual visits for up to 90 days (double entry within six months). Requirements include a valid passport, digital photo, and payment. It's designed for short stays, not for work or study.
Challenges: Easy to Moderate, mainly concerning visa duration and entry restrictions.
Source: Indian Visa Online
Student Visa: Easy to Moderate
Issued to those enrolled in Indian educational institutions, this visa requires proof of admission, financial means, and sometimes a medical certificate. The visa's validity matches the course duration, allowing part-time work under certain conditions.
Challenges: Moderate, due to the need for admission proof, financial stability, and understanding visa conditions.
Source: Indian Ministry of Home Affairs
Work Visa: Moderate to Hard
Employment Visas are granted to skilled professionals with offers from Indian companies. Applicants need a job offer, proof of qualifications, and salary details. This visa supports long-term work and can lead to permanent residency.
Challenges: Moderate to Hard, because of the need for a job offer from an Indian entity, compliance with employment laws, and competitive job market.
Source: Indian Bureau of Immigration
Economy and Business
Property Ownership: Moderate to Hard
In India, property can be owned individually or jointly, with various legal structures like freehold, leasehold, and co-ownership. Foreign nationals, including NRIs, can purchase property with certain restrictions on agricultural land. The process involves securing a property, checking titles through land records, paying stamp duty, and registering the purchase at the local registrar's office. Legal complexities include understanding different state laws and tax implications like capital gains tax.
Difficulty: Moderate to Hard, due to legal intricacies, local regulations, and the need for comprehensive title checks.
Source: Ministry of Housing and Urban Affairs, India
Payment friendly: Moderate
India has embraced digital payment systems, with UPI (Unified Payments Interface) leading the charge, alongside widespread use of credit/debit cards and internet banking. Opening a bank account for foreigners involves KYC procedures, which can be more stringent for non-residents. India is also moving towards less cash usage, promoting e-wallets and banking apps. However, there can be challenges with international transactions due to regulatory controls.
Difficulty: Easy to Moderate, as digital payment is accessible but can be tricky for foreigners with international banking needs.
Source: Reserve Bank of India
Economy: Moderate
India's economy is one of the fastest-growing major economies, with significant sectors like IT, pharmaceuticals, and manufacturing. It's a mixed economy with both private and government sectors playing significant roles. Investment opportunities are plentiful, but challenges include bureaucratic red tape, infrastructure gaps, and regulatory volatility. Foreign direct investment is encouraged through various liberalization policies, yet navigating the business landscape can be complex.
Difficulty: Moderate to Hard, given the economic potential juxtaposed with regulatory and infrastructural challenges.
Source: Ministry of Commerce and Industry, India
Business friendly: Moderate
India has taken steps to improve its business environment, implementing reforms like the Goods and Services Tax (GST), easing foreign investment regulations, and improving digital infrastructure. However, the business landscape still faces hurdles like bureaucratic processes, corruption, and legal complexities. Initiatives like 'Make in India' aim to simplify business operations, but the ground reality can differ by sector and region.
Difficulty: Moderate to Hard, due to the contrast between policy intent and practical implementation.
Source: Department for Promotion of Industry and Internal Trade (DPIIT)
Affordability: Moderate
India offers a wide range of living costs, from very affordable in rural areas to higher in urban centers like Mumbai or Delhi. Essentials like food and transport are relatively cheap, but housing in prime locations can be expensive. Healthcare and education vary in cost, with private options being more expensive. The affordability is also influenced by income disparity and regional economic conditions.
Difficulty: Easy to Moderate, as affordability largely depends on location and lifestyle choices within India's diverse economic landscape.
Source: National Sample Survey Office (NSSO)
Communications and Technology
Internet: Improving
India has one of the largest and fastest-growing internet populations globally, with increasing access to both mobile and broadband services. The government's initiatives like Digital India have pushed for greater digital connectivity, leading to widespread availability, especially in urban areas. However, rural connectivity still lags, and there are issues with quality, speed, and reliability in some regions. Affordable data plans have made internet access more democratic, but there are challenges related to digital literacy and infrastructure in remote areas.
Difficulty: Easy to Moderate, due to widespread availability but with disparities in quality and access.
Source: Telecom Regulatory Authority of India (TRAI)
Communication: Moderate
India is linguistically diverse with over 1,600 spoken languages, 22 of which are officially recognized. Hindi is the most widely spoken, serving as a lingua franca in many parts alongside English, which is used in government, business, and education. Learning regional languages can be beneficial for deeper cultural integration and daily communication in non-Hindi speaking states. However, navigating through this multiplicity can be daunting for foreigners, although English reduces this difficulty in urban and educational contexts.
Difficulty: Moderate to Hard, because of the vast number of languages and the need to choose the most relevant ones for specific regions or purposes.
Source: Ministry of Human Resource Development, India
Phone friendly: High
India's telecom sector is highly competitive, offering some of the cheapest mobile services globally. SIM cards are easily obtainable with basic KYC requirements, generally involving an ID proof. Prepaid options are popular, giving users flexibility and control over expenses. The network coverage is extensive, though quality can vary, especially in remote areas. International roaming can be expensive, and understanding the nuances of different plans for data, calls, and texts can be challenging for newcomers.
Difficulty: Easy to Moderate, with the ease of obtaining a connection but complexities in choosing the right plan or dealing with service quality in certain areas.
Source: Department of Telecommunications, India
Social, Safety and Politics
Progressive: Moderate
India exhibits a complex blend of progressive and traditional elements. Social progress includes strides in gender equality, with more women in leadership roles and increased focus on education. Technologically, India is forward-thinking, with significant advancements in IT, space, and digital services. However, social conservatism persists, particularly in rural areas, leading to challenges like gender-based discrimination, caste issues, and resistance to certain social reforms. Progressiveness varies widely across regions, influenced by cultural, religious, and political factors.
Challenges: Moderate to High, due to the coexistence of progressive policies with entrenched traditional practices.
Source: NITI Aayog - National Institution for Transforming India
Religions: More than 5
India is predominantly Hindu (about 80%), with significant populations of Muslims (around 14%), Christians, Sikhs, Buddhists, Jains, and others. This religious diversity shapes the cultural, social, and political landscape. While this diversity is generally a source of cultural richness, it can also lead to tensions, especially during religious festivals or over issues like cow protection or conversion laws. Interfaith harmony is promoted, but incidents of communal discord do occur.
Challenges: Moderate, given the complexity of managing religious diversity and occasional communal tensions.
Source: Census of India
Safety: Dangerous
Safety in India varies significantly. Urban centers have better infrastructure and law enforcement but face issues like traffic accidents, theft, and occasionally violent crimes. Women's safety is a particular concern, with reports of harassment and assault. Rural areas might have different safety challenges, including less immediate access to emergency services. Tourist safety can be managed through awareness and precautions, but crime rates, particularly against women, can be relatively high in some regions.
Challenges: Moderate to High, due to varied safety concerns across different demographics and areas.
Source: National Crime Records Bureau (NCRB)
Political Stability: Moderate
India is a stable democracy with a history of peaceful transitions of power. However, political stability can be affected by regional demands for autonomy, occasional communal riots, and the complexity of coalition governments. National elections are generally free and fair, but there's always the influence of regional politics and populist movements, which can lead to policy volatility or delays in decision-making.
Challenges: Moderate, as while the democratic framework is robust, political dynamics can introduce instability.
Source: Election Commission of India
Corruption: High
India struggles with corruption, ranked by Transparency International with a moderate to high perception of corruption. While there are anti-corruption laws and bodies like the Central Vigilance Commission, corruption in public services, politics, and business is still prevalent. Efforts towards digitalization aim to reduce corruption, but bureaucratic inefficiencies and a culture of nepotism challenge these initiatives.
Challenges: High, due to systemic issues and the cultural acceptance of some corrupt practices.
Source: Transparency International India
Friendliness: High
Indians are generally known for their hospitality and warmth towards foreigners and each other. However, this can vary by region, with urban areas often being more welcoming to diverse populations. Cultural norms around personal space, negotiation, and social interactions can take time to understand for foreigners. While friendliness is a cultural strength, there can be instances of insularity or unfriendliness based on regional, linguistic, or religious differences.
Challenges: Easy to Moderate, with the primary challenge being navigating cultural nuances.
Source: Ministry of Tourism, India
Education
Average education: Moderate literacy
India has made significant strides in education, achieving a literacy rate of about 74% according to recent censuses. The Right to Education Act has mandated free and compulsory education for children aged 6 to 14. However, the quality of education varies widely, with urban areas generally having better facilities than rural ones. Challenges include teacher shortages, outdated curricula, and disparities in access to education, particularly for girls and marginalized communities. Despite efforts to improve higher education, there's a gap between educational qualifications and employable skills.
Challenges: Moderate to High, due to issues with quality, access, and relevance of education.
Source: Ministry of Education, India
International Schools: Hard
International schools in India cater to expatriate families and the Indian elite, offering curricula like the International Baccalaureate (IB), Cambridge, and American systems. These schools are mostly located in metropolitan areas, providing high-quality education with state-of-the-art facilities. However, they come with a high cost, making them inaccessible to the majority. Admission often requires interviews, assessments, and substantial fees. The challenge for these schools is maintaining international standards, managing cultural integration, and dealing with regulatory compliance in India's diverse educational landscape.
Challenges: Moderate to High, primarily because of high costs, limited availability, and regulatory challenges.
Source: Council for the Indian School Certificate Examinations (CISCE)
Technological expertise: Developing
India is recognized globally for its technological expertise, especially in IT and software services, with centers like Bangalore earning the nickname "Silicon Valley of India". The country has a large pool of STEM graduates, many of whom work for global tech giants or in India's burgeoning startup ecosystem. However, there's a skill mismatch where theoretical knowledge often surpasses practical skills. The rapid pace of tech evolution requires continuous learning, and there are challenges in fostering innovation, protecting intellectual property, and dealing with brain drain.
Challenges: Moderate, with the main difficulties being the alignment of education with industry needs, innovation encouragement, and talent retention.
Source: National Association of Software and Service Companies (NASSCOM)
Health
Seasons: 3 seasons
India experiences a wide range of climatic conditions due to its vast geographical expanse. There are primarily three main seasons: summer (March to June), monsoon (June to September), and winter (November to February), with variations like a short pre-monsoon season. Summer can be intensely hot, especially in the north and central regions, while the south remains relatively moderate. Monsoon brings heavy rainfall, crucial for agriculture but also causing floods in some areas. Winter sees cooler temperatures, with the north experiencing cold waves. The challenges include adapting to extreme weather variations and managing natural disasters like cyclones and floods.
Challenges: Moderate, due to the need for preparedness against extreme weather conditions.
Source: Indian Meteorological Department
Fitness: Moderate
The fitness landscape in India is evolving with an increasing awareness of health and wellness, particularly in urban areas. Gyms, yoga centers, and fitness classes have become more common, with traditional practices like yoga gaining international fame. However, there's a significant urban-rural divide, with rural areas having less access to fitness facilities. Challenges include cultural perceptions of body image, lack of infrastructure, affordability, and the integration of fitness into daily lifestyles amidst busy schedules. There's also the issue of promoting physical activity in schools and among all demographics.
Challenges: Moderate to High, with barriers in access, cultural norms, and lifestyle integration.
Source: Ministry of Youth Affairs and Sports, India
Pollution: High
India faces severe pollution issues, particularly air and water pollution. Cities like Delhi are notorious for hazardous air quality, especially during winter due to crop burning, vehicle emissions, and industrial activities. Water pollution is widespread, with many rivers being heavily contaminated due to industrial effluents and poor sewage treatment. The challenges are immense, ranging from regulatory enforcement, public awareness, to the adoption of cleaner technologies. Pollution not only affects health but also agriculture and tourism.
Challenges: High, given the scale, complexity, and urgency of pollution control measures needed.
Source: Central Pollution Control Board (CPCB)
Healthcare: Moderate
ndia has a dual healthcare system, with both public and private sectors. Public healthcare aims to provide affordable services, but facilities can be underfunded, understaffed, and of varying quality. The private sector offers better quality but at higher costs, creating disparities in access. Challenges include uneven distribution of healthcare facilities, high out-of-pocket expenses for many, quality assurance, and the integration of traditional medicine with modern practices. There's also a need for better health education, preventive care, and managing communicable diseases in densely populated areas.
Challenges: Moderate to High, due to the need for systemic improvements in access, quality, and affordability.
Source: Ministry of Health and Family Welfare, India
Diversity
Food diversity: Highly diverse
India is renowned for its culinary diversity, shaped by its varied geography, climate, and cultural mosaic. Each region boasts its unique cuisine, from the spicy curries of the South to the tandoori flavors of the North, the fish-based dishes of the East to the vegetarian specialties of Gujarat. With over 29 states, each having distinct food traditions, there's an incredible variety in ingredients, spices, and cooking methods. Street food culture is vibrant, offering affordable and delicious options. However, challenges include preserving traditional recipes in the face of globalization, managing food safety and hygiene, and ensuring equitable access to diverse and nutritious foods across socio-economic lines.
Challenges: Moderate, given the balance between preserving cultural heritage and adapting to modern dietary trends, alongside food safety issues.
Source: Ministry of Food Processing Industries, India
Ethnics diversity: Highly diverse
India is a tapestry of ethnic diversity, with thousands of ethnic groups, tribes, and communities, each with its own language, customs, and traditions. This diversity is reflected in the 22 officially recognized languages and numerous dialects. The country's history of migration, trade, and colonial influence has contributed to this rich cultural mosaic. However, this diversity can lead to challenges in integration, with issues like ethnic conflicts, caste discrimination, and regionalism. There's also the challenge of ensuring equal rights and opportunities for all ethnic groups, promoting cultural preservation while fostering national unity, and managing language policies in education and administration.
Challenges: Moderate to High, due to the complexities in managing social cohesion, equitable representation, and cultural preservation amidst such vast diversity.
Source: Ministry of Tribal Affairs, India