India with the advent of liberalization has been having an open market economy and therefore open to overseas trade. In recent years there has been a total boom in the international trading arena. If you as a foreign national want to do business in India you will need an Indian Business Visa. It is a type of India Visa that is needed if you are keen on visiting India on any business purpose. It will be of a benefit to you if you are planning on getting an Indian Business Visa, to know about the structure of overseas trade in India.
The financial history is quiet bleak in case of India’s overseas trade structure since there are no reliable quantitive details. As per the qualitative statements that can be gathered it can be formed that trade occurred via the Indian Ocean to a great extent throughout the sixteenth and seventeenth centuries. But during the eighteenth century Indian Ocean trade declined and brought about the European carriers to India. This is the brief history of India’s overseas trade structure that persisted before the British yoke. After the British Raj subsided, foreign trade has been booming, and as an Indian Business Visa holder you can take advantage of this situation.
After the country got freedom from the British rule in 1947, for few decades there was no proper overseas trading activity. The reason behind this being the fact that the policy makers had decided on an autarky program, the objective of which was national self sufficiency. As a result it practiced import substituting policies. As a consequence of this the economy became sluggish and finally to answer all this problems liberalization was formulated in 1991’s.globalisation finally was introduced and Indian economy saw reform. The reforms thereafter have given a boost to the Indian economy. Now, the world sees India as one of the most promising emerging country.
If you as a foreign investor or entrepreneur want to establish your business and ensure profitability India can be the right answer to your prayers. But for that what you first arrange is an Indian Business Visa. So while applying for an India Visa, make a proper disclosure of your intention to do business with India and you will be allotted with an Indian Business Visa. Indian Business Visa also has some benefits in form of rules regulations that makes it a better choice over other types of India Visa from the viewpoint of a businessman.
Compared to the earlier decades the foreign trade of India has seen a boom both relative to the country’s GDP and absolute terms. Both export and import have seen a favorable growth. Petroleum is the biggest import item followed by gems and jewellery. There is a healthy trend of both foreign countries wanting to put resources in India, as well as India’s bigwigs investing impressively in the international market. If you have been planning on that next big step regarding your business then it is time you bring India in your agenda. So go ahead and get an Indian Business Visa and get started.
