HDFC BANK: Attractive investment destination awaits

What makes India an attractive investment destination? India is among the fastest growing economies in the world with its strong economic fundamentals. Its fiscal parameters such as current account deficit and fiscal deficit are also in control. India is set to be the fastest growing economy in the year 2018 too, according to the World Bank's Global Prospects Report.
The government of India is committed to deliver reforms that stimulate economic growth. The government, with the strongest political mandate in several decades, has taken initiatives in this direction to develop India's economy into one of the strongest in the world.
As a result, a country that used to experience hyperinflation, is now witnessing mild inflation. Economic activity will benefit also from the Goods and Services Tax (GST), which was implemented in the second quarter of the current fiscal year, according to another report by the World Bank.
GST will help include informal activity into the formal fold and expand the taxpayer base. Contributed by these factors and further helped by the increase in spending on infrastructure, and reforms in the fiscal and monetary policy space, India is expected to be the fastest growing economy.
Even from a long-term prospective, India's young population, healthy savings and investment rates, growing middle-class population with disposable income and increasing integration into the global economy, make the outlook positive.
On the back of these factors, 2017 was a positive year for stock markets in emerging economies, particularly India. If reports of global brokerage houses are anything to go by, the bull-run is expected to continue this year too. For investors, the benefits of investing in India are plenty. These include possible capital gains exemption in many cases, tax holidays for setting up business in Special Economic Zones (SEZs) and specified backward areas, tailored incentives to manufacturing concerns such as enhanced deduction for R&D activities, accelerated depreciation, a lower withholding tax of 5 per cent on interest payments and safe harbour provisions, to name a few.
HDFC Bank, a leader in banking, is offering various avenues for non-resident Indians as well as foreign investors to invest in India. The bank, with its extensive network in India and presence in overseas locations at Dubai, Bahrain, Abu Dhabi, Kenya and Hong Kong, is able to cater to the varied needs of investors based outside the country as well.
The bank offers a wide range of digital offerings enabling transactions, including remittance on-the-go. Its services also include Private Banking, where an advisor regularly helps investors structure their portfolio and meet their financial objectives.
This is done through NRE Fixed Deposits, NRE Recurring deposits, and Life Insurance policies, which help make the right kind of investments - be it for immediate or for future financial needs. It also includes avenues such as Deposits, investments in Mutual Funds, and trading on recognised Indian stock exchanges. Thus, investors can benefit from investing in India through HDFC Bank's extensive range of products and services.