India, now considered the second largest growing developing economy in the world, has grown by 9.4% in fiscal year 2006-2007. India has several excellent investment qualities that attract investors. Should foreign leasing companies look into India for business opportunities in the near term, they can benefit from the general openness of India to foreign investors. In line with the positive business climate in India, three areas present opportunities for leasing in India: infrastructure, aircraft leasing, and the automotive business. Like other businesses in India, lessors are not exempt from high taxes. India's total tax rate for all domestic firms is 81.1% of commercial profits. The government's commitment to reform and the country's strong and growing economy will stimulate growth of industries in the years to come.
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