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ARTICLE · 05 JANUARY 2021

Diversify To Differentiate – Think India, Think Next!

The post-pandemic era will define how we conduct business and inherently shape our economy.

IndiaTax

Foreword

The post-pandemic era will define how we conduct business and inherently shape our economy. With nations battling the largest healthcare crisis of recent times, the global economy has suffered. The suspension of global trade highlighted the gaps in the supply chain, and the need to diversify sourcing and production. Despite the challenging time, India appears as an optimistic hotspot for investment.

The Indian Government has relaxed certain reforms to enable higher Foreign Direct Investment (FDI) in varied sectors and digitally optimized the business environment for ease of doing business. After the successful introduction, establishment and subsequent amendments of Goods and Services Tax (GST), indirect taxes have now been streamlined to bring in greater transparency and simplification. The country continues to follow the initiative of 'Make in India' and 'Aatmanirbhar Bharat', a self-reliant blueprint that encourages consumption of home-grown brands

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