India is a free market economy with a robust and well-developed legal and strong administrative system, the latter largely responsible for india's high degree of bureaucratization. The Indian court system, like in Germany, is three-tiered in the supreme court, the Supreme Court, whose rulings are precedents that bind all other courts, including high courts and district courts. Indian courts are by law independent of the executive. Furthermore, as in Germany, the decisions of first or second instances can be appealed.


In principle, patience is required in court proceedings in India, because the courts and the judges are already so chronically overburdened at first instance that a trial period of ten years or more must already be expected here. The way out, which Indian companies also choose, is a private arbitration court.


Accounting rules in India are similar to international standards. Many Indian companies are listed on the NYSE and NASDAQ and disclose their results under U.S. GAAP.


India provides advanced business and industry support with audit firms (some of which are affiliated to international WpG) and qualified corporate law experts. Large international advertising agencies, investment banks and consulting firms are also well represented in India.