For a country firmly entrenched in tradition, embracing the twin hallmarks of development -capitalism and liberalism – have not been easy loads to bear for India’s economy. Given that its infrastructure cannot match its growth and its government is resistant to change, India’s economy is struggling with paradoxes that can’t be easily squared away. Still, it is now the second fastest growing industry in the world and it is taking steps to increasingly open up its market, in terms of FDI, the legal industry and its burgeoning retail sector. Our cover story explores the latest issues and trends affecting the economy and lawyers from Majmudar & Partners share their insights on the nuances affecting the stock broking business in India.
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Kroll’s Ramon Ghosh explains why a culture of corporate compliance is now likely to become vital when doing business in India.
