When it goes about India, traditional farming and agriculture are worth mentioning as the most successful branches of economy but services and modern industries are also rapidly developing. The average monthly net salary is 541 US dollars.
In terms of franchising, the main areas are computer education, healthcare, food, beverages, and entertainment. However, more than 55% of all franchisors settled in IT business.
The country is experiencing franchise boom nowadays. Homegrown franchise businesses are competing with international franchise companies to seize the market.
For the last year, Indian franchise economy has grown but is still making less than 4 percent of India’s GDP. Therefore, the country is a tempting target for foreign franchisors. As a proof for it, let’s compare franchised outlets in India which provide only a few million dollars retail sales to the sales for trillion of dollars in the USA. Annual turnover of franchise businesses is around 4 billion US dollars.
The biggest Indian cities such as New Delhi, Mumbai, Kolkata, Bangalore, and Chennai are available for different franchise businesses as they are highly populated. Large population can be beneficial for two reasons. On the one hand, it can give an opportunity of a good consuming market and the other hand provide a sufficient labor force.
Franchise fee in India can vary from $3,000 to $30,000 and more, depending on the type of a franchise business.
Capital: New Delhi
Currency: Indian rupee (₹)
Education Index (2013): 0.473
Official languages: Hindi, English
Per capita GDP (PPP): $7,153
Quality-of-life index (0-10): 5.67
Population: 1.324 billion
Total GDP (PPP): $9.489 trillion
Ease of Doing Business Ranking, Rank: 100
Human Development Index (HDI): 0.624