8. India
CPA Australia members: 1,655
Overview
One of the world’s largest and fastest growing economies, India has a projected GDP growth of 6.3 per cent in 2025 and a population over 1.4 billion. With a median age of just 28.8 years, India has a vast, young workforce and burgeoning consumer base, positioning the country as a prime innovation hub driven by digital adoption.
Major sectors
- Information technology
- Renewable energy
- Fintech
- Electric vehicles
- Healthcare and insurance
Key business attractions
Fast growth and the world’s biggest population is a recipe for business success. Add the youthful populace and an expanding middle class for an even brighter picture. The tax structure is being simplified and a powerful start-up ecosystem is developing.
The Make in India program is boosting manufacturing and is a strong magnet for global investors, and the world’s biggest IT talent pool is within reach.
Skills in demand
- Data analysis
- Sustainable finance
- ESG reporting
Local insight
“Many business travellers are surprised by the sheer pace and intensity of the Indian work culture,” says Himanshu Sethi CPA, start-up consultant and business coach. “There’s a deep-rooted culture of commitment and going the extra mile, often resulting in longer working hours than expected.”
Businesspeople entering India should take time to understand cultural differences, as well as local regulations.
“One of the biggest challenges today is navigating the evolving and often complex regulatory landscape,” he says. “India is on a fast track in terms of digital growth and innovation, and with that comes a growing focus on data privacy, ESG compliance and the responsible use of AI. Businesses are being pushed to step up governance structures and align with global standards.
“Additionally, the Financial Action Task Force and local regulatory bodies have significantly tightened oversight related to anti-money laundering and counterterrorism financing... This means compliance is not just a boxticking exercise. It needs to be deeply embedded into day-to-day operations and decision-making.”
