OMAN-INDIA TIES, ACROSS SEA AND SPACE

exclave designed to have 18 bridges and seven tunnels upon completion.

Access to a string of new hotels in the region will then be much improved, with two Atana hotels already operating there – Atana being Oman’s ownbrand, run by the tourism ministry.

India as investment destination On the back of liberal economic policies and reforms, and improving macroeconomic fundamentals, India has emerged as one of the fastest growing economies in the world and an attractive investment destination.

Today, India holds a vital position in the global economic market. In fact, it serves as one of the major forces for businesses. The GDP is expected to reach US$ 5 trillion by 2025, achieving upper-middle income status on the back of digitization, globalization, favorable demographics, and reforms. The country’s diversity indeed raises the demand for a varied choice of products.

Thus, the Indian market attracts other countries to magnify their ties with the country15.

While many of the growing economies confront a rapidly greying population, India’s tech-savvy and educated young population is fulfilling the demand for skilled workers worldwide. The considerable low operation charges — starting from infrastructure to phones, internet and inexpensive labour force to set up a business — ­­ all make India a welcoming market for foreign clients to set up a business. The working-age population is calculated to cross the one-billion mark by 2030. Out of a total population of 1.31 billion, 767 million fall in the age group between 15 and 64 years. The nation also has a well-regulated financial system that opens the gateway for developed markets across the globe for multiple investments. The growing influence of India can be seen on various levels – an equal partner in the BRICS, a co-founding member of various international organizations, including the United Nations, the Asian Development Bank, New Development BRICS Bank, and the G-20. It is also well-known for founding the Non-Aligned Movement.In the recently concluded India Ideas Summit, Prime Minister Modi has invited businesses to seize investment opportunities in India. The potential of growth of certain sectors such as healthcare, infrastructure, defence, energy, civil aviation and insurance are particularly high with capacity for greater returns and dividends for a foreign investor. Doing business in India, which is Asia’s third-largest economy after China and Japan, is a profitable option as the majority of the industries and sectors are almost untapped and hence the fear of facing stiff competition is less: If you want returns with reliability, India is the place to be. If you want 15 India Brand Equity Foundation. https://www.ibef.org/economy/indian-economyoverview 198