India has one of the lowest rates of GDP growth in the world and has also the highest number of unemployed people, making it a prime target for multinational corporations looking to boost their revenues in the country.
India’s Gross Domestic Product (GDP) grew by 1.3% in the April-June quarter, but the unemployment rate stood at 25%.
That’s far higher than the global average of 10.6%.
The GST government has announced that it will impose a GST on April 1.
GST is a sales tax levied on goods, services and other goods.
According to a statement issued by the Finance Ministry on Monday, the government is aiming to raise about 3.1% of GDP by April 1, 2016, and by June 1, the GST rate will be 25%.
India has one third of the world’s population, yet it has one-third of the Gross Domestic Products (GPD).
According to a report by the United Nations, India’s GDP is $17.3 trillion, or 8.2% of the global GDP.
The government says that the tax will help the country attract foreign direct investment (FDI), which accounts for almost half of the GDP.
India is one of India’s most important export markets, and the country is a major investor in the United States, Brazil, France, Germany and Russia.
There are over $4 trillion worth of investments in India and over 1.2 billion jobs in the economy, according to the Economic Survey 2016.
Businesses in India are investing more than $20 billion in infrastructure projects in the next five years, a third of which is expected to be completed by 2020.
A recent survey by the country’s largest business lobby, the Chamber of Commerce and Industry, found that there is a high proportion of Indians who are not working because they have been laid off by their employers.
One of the reasons for the unemployment is that India’s economy is growing more slowly than most other major economies, which means that the country needs to raise at least another $50 billion to keep up with inflation.
Some economists argue that India has a lot of untapped growth potential, but also that its business climate is difficult to replicate.
In 2016, the country had its worst economic growth in more than a decade, falling from 3.2 to 2.5%.
According for the 2016 Global Competitiveness Index, India had a score of 50, which was lower than China and Russia, which both scored at 70.
“We are the third largest economy in the developed world, but we have a very difficult business climate.
The government is trying to do the best it can to keep the economy on the growth track, but its difficult,” said Piyush Goyal, Chief Executive Officer of India.