India Politics and Culture

As the country with the second largest population in the world, India can be said to be the world’s largest democracy, with over 1.3 billion people and a vibrant political and journalistic environment. It is also a fast-rising economic and nuclear state that still faces enormous socioeconomic and environmental problems within its borders, including a large portion of the population under abject poverty. India has a millennia old culture and civilization that is rich in history and global impact. Hindi and English are the formal languages with 20 other languages spoken that have more than a million speakers each. Major religions include Hinduism, Islam, Christianity, Buddhism, and Sikhism.

After two centuries under British colonial rule, India was partitioned to create what are now Pakistan and Bangladesh. India is still involved in territorial disputes with Pakistan over Kashmir, amidst other internal conflicts between its Hindu and Muslim populations. With a rapidly growing economy, India increased exports by over 20 percent in 2017, created over 10 million jobs, and around 1400 new startups.

March 11Maha Shivaratri/Shivaratri
March 29Holi
April 2Good Friday
April 21Rama Navami
April 25Mahavir Jayanti
May 14Ramzan Id/Eid-ul-Fitar
May 26Buddha Purnima/Vesak
July 21Bakr Id/Eid ul-Adha
August 15Independence Day
August 19Muharram/Ashura
August 30Janmashtami
October 2Mahatma Gandhi Jayanti
October 15Dussehra
October 19Milad un-Nabi/Id-e-Milad
November 4Diwali/Deepavali
November 19Guru Nanak Jayanti
December 25Christmas
  • Sole Proprietorship
  • Partnership
  • Limited Liability Partnership
  • Private Limited Company
  • Public Limited Company
  • One-person company
  • Unlimited Company
  • Public sector undertaking (PSU)
  • Cooperative Societies
  • Corporate Tax: 17.01% (lowest), 25.17% (highest)
  • Income Tax (Lowest Marginal Rate):0% ₹ 0,00,000 – 2,50,000
    5% ₹ 2,50,001 – 5,00,000
    20% ₹ 5,00,001 – 10,00,000
    Scheme I (with deductions)0% ₹ 0 – 500,000
    10% ₹ 500,001 – 750,000
    15% ₹ 750,001 – 1,000,000
    20% ₹ 1,000,001 – 1,250,000
    25% ₹ 1,250,001 – 1,500,000
    Scheme II (without deductions)
  • Income Tax (Highest Marginal Rate):30% ₹ 1,000,001 & +
    Scheme I (with deductions)30% ₹ 1,500,001 & +
    Scheme II (without deductions)
  • VAT/GST/Sales Tax: 28%, 18%, 12%, 5%, 0% (varies by commodity)
  • Coastal Local Area Bank Ltd  (Local Bank)
  • Capital Local Area Bank Ltd (Local Bank)
  • Krishna Bhima Samruddhi Local Area Bank Ltd (Local Bank)
  • Subhadra Local Area Bank Ltd., Kolhapur (Local Bank)
  • Allahabad Bank (State Bank)
  • Andhra Bank (State Bank)
  • Axis Bank (State Bank)
  • Bank of Bahrain and Kuwait (State Bank)
  • Bank of Baroda – Corporate Banking (State Bank)
  • Bank of Baroda – Retail Banking (State Bank)
  • Bank of India (State Bank)
  • Bank of Maharashtra (State Bank)
  • Canara Bank (State Bank)
  • Central Bank of India (State Bank)
  • City Union Bank (State Bank)
  • Corporation Bank (State Bank)
  • Deutsche Bank (State Bank)
  • Development Credit Bank (State Bank)
  • Dhanlaxmi Bank (State Bank)
  • Federal Bank (State Bank)
  • ICICI Bank (State Bank)
  • IDBI Bank (State Bank)
  • Indian Bank (State Bank)
  • Indian Overseas Bank (State Bank)
  • IndusInd Bank (State Bank)
  • ING Vysya Bank (State Bank)
  • Jammu and Kashmir Bank (State Bank)
  • Karnataka Bank Ltd (State Bank)
  • Karur Vysya Bank (State Bank)
  • Kotak Bank (State Bank)
  • Laxmi Vilas Bank (State Bank)
  • Oriental Bank of Commerce (State Bank)
  • Punjab National Bank – Corporate Banking (State Bank)
  • Punjab National Bank – Retail Banking (State Bank)
  • Punjab & Sind Bank (State Bank)
  • Shamrao Vitthal Co-operative Bank (State Bank)
  • South Indian Bank (State Bank)
  • State Bank of Bikaner & Jaipur (State Bank)
  • State Bank of Hyderabad (State Bank)
  • State Bank of India (State Bank)
  • State Bank of Mysore (State Bank)
  • State Bank of Patiala (State Bank)
  • State Bank of Travancore (State Bank)
  • Syndicate Bank (State Bank)
  • Tamilnad Mercantile Bank Ltd. (State Bank)
  • UCO Bank (State Bank)
  • Union Bank of India (State Bank)
  • United Bank of India (State Bank)
  • Vijaya Bank (State Bank)
  • Yes Bank Ltd (State Bank)
  • Australia and New Zealand Banking Group Ltd (Foreign Bank)
  • National Australia Bank (Foreign Bank)
  • Westpac Banking Corporation (Foreign Bank)
  • Bank of Bahrain & Kuwait BSC (Foreign Bank)
  • AB Bank Ltd. (Foreign Bank)
  • Sonali Bank Ltd. (Foreign Bank)
  • Bank of Nova Scotia (Foreign Bank)
  • Industrial & Commercial Bank of China Ltd. (Foreign Bank)
  • BNP Paribas (Foreign Bank)
  • Credit Agricole Corporate & Investment Bank (Foreign Bank)
  • Societe Generale (Foreign Bank)
  • Deutsche Bank (Foreign Bank)
  • HSBC Ltd (Foreign Bank)
  • PT Bank Maybank Indonesia TBK (Foreign Bank)
  • Mizuho Bank Ltd. (Foreign Bank)
  • Sumitomo Mitsui Banking Corporation (Foreign Bank)
  • The Bank of Tokyo- Mitsubishi UFJ, Ltd. (Foreign Bank)
  • SBM Bank(Mauritius) Ltd (Foreign Bank)
  • Cooperatieve Rabobank U.A. (Foreign Bank)
  • Doha Bank (Foreign Bank)
  • Qatar National Bank (Foreign Bank)
  • JSC VTB Bank (Foreign Bank)
  • Sberbank (Foreign Bank)
  • DBS Bank Ltd. (Foreign Bank)
  • United Overseas Bank Ltd (Foreign Bank)
  • FirstRand Bank Ltd (Foreign Bank)
  • Shinhan Bank (Foreign Bank)
  • Woori Bank (Foreign Bank)
  • KEB Hana Bank (Foreign Bank)
  • Industrial Bank of Korea (Foreign Bank)
  • Bank of Ceylon (Foreign Bank)
  • Credit Suisse A.G (Foreign Bank)
  • CTBC Bank Co., Ltd. (Foreign Bank)
  • Krung Thai Bank Public Co. Ltd. (Foreign Bank)
  • Abu Dhabi Commercial Bank Ltd (Foreign Bank)
  • Mashreq Bank PSC (Foreign Bank)
  • First Abu Dhabi Bank PJSC (Foreign Bank)
  • Emirates Bank NBD (Foreign Bank)
  • Barclays Bank Plc. (Foreign Bank)
  • Standard Chartered Bank (Foreign Bank)
  • The Royal Bank of Scotland plc (Foreign Bank)
  • American Express Banking Corporation (Foreign Bank)
  • Bank of America (Foreign Bank)
  • Citibank N.A. (Foreign Bank)
  • J.P. Morgan Chase Bank N.A. (Foreign Bank)
  • Axis Bank (Private Bank)
  • Bandhan Bank (Private Bank)
  • Catholic Syrian Bank (Private Bank)
  • City Union Bank (Private Bank)
  • DCB Bank (Private Bank)
  • Dhanlaxmi Bank (Private Bank)
  • Federal Bank (Private Bank)
  • HDFC Bank (Private Bank)
  • ICICI Bank (Private Bank)
  • IndusInd Bank (Private Bank)
  • IDFC Bank (Private Bank)
  • Karnataka Bank (Private Bank)
  • Karur Vysya Bank (Private Bank)
  • Kotak Mahindra Bank (Private Bank)
  • Lakshmi Vilas Bank (Private Bank)
  • Nainital Bank (Private Bank)
  • RBL Bank (Private Bank)
  • South Indian Bank (Private Bank)
  • Tamilnad Mercantile Bank Limited (Private Bank)
  • Yes Bank (Private Bank)

Aadmi can support you with your expansion to India. Our team of experts in country manage every aspect of your expansion from incorporation, accounting, legal, and even administrative concerns.  Matched with Global People Strategist’s powerful labor compliance software, your company is in good hands.

Contact us today for more information about how your company can benefit from using Aadmi as your global expansion partner.

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