The Leaping Tiger: Developments in the Indian Legal Services Market


The ascent of the tiger is no myth: over the last several years, and especially in 2009, India has become one of the world’s most powerful new economic markets.

The figures speak for themselves. Even in the teeth of a worldwide recession, India’s GDP was expected to climb between 6% and 8% in fiscal year 2009. India’s stock markets surged by more than 1,800 points in one month, with at least 30 IPOs in the works by the end of September 2009. Foreign direct investment in the country rose by 55% in July 2009 year over year and was forecast to cross the $30 billion mark by financial year end. India led the world in the number of project finance deals in the first half of 2009.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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