India’s e-commerce market represents one of the fastest growing in the world and most compelling consumer opportunities globally. Valued at approximately USD 60 billion in 2023 and projected to reach 300 billion by 2030. Over 900 million internet users, surging smartphone penetration, and post-COVID digital habits that are now permanent make the consumption story undeniable. However, this is also one of the most politically sensitive sectors for foreign investment in India. The FDI framework permits the marketplace model but is firmly cautious about multi-brand retail and regulators have shown they will act when they believe the spirit of the rules is being circumvented.
How to Structure FDI into E-Commerce Retail | Doing Business in India | Episode 22
Indian Hospitality Sector: What Foreign Investors Must Know | Doing Business in India | Episode 21
Is India’s hospitality sector a high-potential opportunity or a structural minefield for foreign investors?
In this episode of the Veyrah Law series, Ajay Joseph (Partner at Veyrah Law) examines the Indian hospitality industry, a sector valued at approximately USD 24 billion and projected to reach USD 31 billion by 2028. Domestic tourism is the real engine of this market, with over 2.5 billion domestic tourist visits recorded in 2023. Global brands such as Marriott, Accor and Hilton are already expanding their India footprint. The FDI policy is fully open; 100% under the automatic route for hotels, resorts and tourism infrastructure, with no prior government approval required.
Entering Indian Real Estate: What Foreign Investors Must Know | Doing Business in India | Episode 20
India’s real estate sector presents one of the largest opportunities for foreign capital in Asia, but it is equally one of the most operationally complex. The sector is currently valued at approximately USD 480 billion and is projected to reach USD 1 trillion by 2030. Global institutional investors including Blackstone, Brookfield, and GIC have already established significant exposure to the market. India’s FDI regime for real estate is relatively liberal, with 100% foreign investment permitted under the automatic route across most real estate sub-sectors.
Entry Strategy for India’s Financial Services Sector | Doing Business in India | Episode 19
Are you considering entering India’s financial services sector?
India’s financial services sector is one of the most dynamic in the world and one of the most tightly regulated. With the banking, financial services, and insurance sector contributing approximately 27% of India’s GDP, nearly 90% of Indians now form a part of the formal financial system. With over 490 million UPI-enabled payment users, the scale of opportunity is undeniable. However, financial services in India is not a single sector but a set of regulated sectors, each with its own regulator, FDI norms, licensing requirements, and scrutiny levels. In this episode, Ajay Joseph (Partner) from Veyrah Law explains why getting this mapping right before you begin is critical. The episode touches upon the exchange control regulatory landscape across banking (RBI), insurance (IRDAI), capital markets and asset management (SEBI), NBFCs, and fintech.
Outsourcing to India: What Foreign Businesses Must Know | Doing Business in India | Episode 18
Have you considered outsourcing IT or other technology operations to India?
The outsourcing sector is one of India’s most open and accessible sectors for foreign investment. With 100% FDI permitted under the automatic route, a proven three-decade track record, and minimal regulatory interface, it offers a degree of predictability and efficiency rarely found in other Indian business environments. In this episode, Ajay Joseph (Partner) from Veyrah Law, explains why the outsourcing sector spanning IT services, BPO, KPO, and Global Capability Centres (GCCs) thrives due to its deeply structural advantages. Unlike manufacturing or infrastructure, these businesses are asset-light, typically function from leased technology parks, bypass common hurdles like land acquisition, factory licences, and environmental clearances, allowing for a level of operational predictability that is rare in the Indian market.
Corruption Risks in India: A Reality Check for Investors | Doing Business in India | Episode 17
Corruption risk is not optional when doing business in India—it is structural. India ranks 93rd on Transparency International’s Corruption Perceptions Index (2023), and exposure ranges from routine facilitation demands to more serious forms of rent-seeking. Ignoring this reality is not a viable strategy for any serious investor. In this episode of the Veyrah Law Series, we examine how corruption risk actually manifests in practice and how it varies across sectors. Businesses that require frequent physical interaction with government systems, such as land acquisition, permits, and inspections face significantly higher exposure, whereas digital-first models and regulated financial sectors typically encounter lower day-to-day friction.
Intellectual Property in India: What Investors Must Know | Doing Business in India | Episode 16
While many foreign investors associate the Indian judicial system with delays, intellectual property enforcement presents a more encouraging story. In India, IP protection is highly time-sensitive, and the longer rights holders wait to secure their position, the more vulnerable their brands, technology, and other valuable assets become.
Indian Tax System: What Foreign Investors Must Know | Doing Business in India | Episode 15
India’s tax regime is widely regarded as one of the most complex and aggressively enforced in the world. For foreign investors and global businesses, understanding how the system works is not optional; it is critical. In this episode of the Veyrah Law Series, we provide a structured overview of the Indian tax system, covering both direct taxes and indirect taxes. We also examine why India’s tax administration has often been described as “tax aggressive”, and what that means in practical terms for businesses operating in India.
Hiring in India? Avoid These Costly HR Mistakes | Doing Business in India | Episode 14
Is organizing your workforce in India a routine administrative step or does it need careful structuring?
In this episode of the Veyrah Law series, Ajay Joseph (Partner) breaks down why getting your ground team structure right before you start hiring is always time better spent than fixing problems after the fact. While the Indian government has attempted to simplify the landscape by consolidating over 29 central statutes into four new Labour Codes, the transition is still underway and significant uncertainty remains.
Corporate Fraud in India: How to Protect Your Investment | Doing Business in India | Episode 13
Is your Indian business truly secure, or are you relying on “blind trust”?
In this episode of the Veyrah Law series, Ajay Joseph (Partner at Veyrah Law) discusses the critical and often overlooked realities of corporate governance and fraud prevention. For foreign investors and CXOs, managing a business from thousands of miles away presents unique risks that require more than just a standard compliance checklist.