An emerging economy like Brazil, Russia and China (BRIC), India is being increasingly viewed as a key market.

The uniqueness of this country lies in the large number of youth in its population which is more than a billion (1.24 billion) and in its indisputable economic assets owing to its size and the fact that it can be self-sufficient in food (fertile soil and propitious climate for crops).

But India remains an emerging economy which will grow richer only if its GDP growth is more than 7%. The country’s development is facilitated by an educated middle class which contributes to a well performing private sector, especially services, and whose consumption of products continues to increase. A new generation of consumers (300 million), some educated abroad, is reshaping the India of tomorrow.

Some industrial sectors such as ICT, biotechnology, pharmaceuticals are represented by internationally recognized companies, while certain other sectors such as food, infrastructure, public utility services and services related to tourism present very good business opportunities.

Even if there is political stability, you have to nevertheless deal with lack of governance in a system that was inherited from British colonialism and an extremely cumbersome administration that is infected by corruption.

With a capital investment requirement of over 1 000 billion US$ to meet the requirements of cities, and to establish or modernize entire economic sectors, India is progressively liberalizing its laws related to Foreign Direct Investment (FDI) due to its inability to support its growth on its own.

These requirements represent all the more opportunities for the French and Canadian companies with their expertise in the key sectors for urban development.

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