According to the World Bank's Ease of Doing Business Report, India ranks 63rd out of 190 nations. This represents a 23-rank improvement in one year. It is critical for global enterprises to consider India as the next destination for growth since, aside from the United States and China, India is the only significant market that is underserved.

As a result, it is no surprise that India is currently attracting big investments from Mauritius, Japan, Singapore, the Netherlands, and the United States. Globally renowned institutions such as the Canada Pension Plan Investment Board, the Ontario Teachers' Pension Plan, OMERS, CDPQ, the Abu Dhabi Investment Authority, and several other public and private asset managers are assisting the Indian economy's growth.

1. Mumbai

Mumbai is frequently referred to be India's financial capital. Dalal Street, India's Wall Street, is located here. Mumbai, with its access to capital markets, can undoubtedly assist you in obtaining the initial funding promptly. The city is home to the headquarters of all major banks and financial institutions. This means that large loan, mortgage, and equity financing applications are processed more quickly.

Aside from that, Mumbai is home to IIT Bombay, JBIMS, SP Jain, and several other institutions that provide exceptional access to talent. The city's infrastructure has been improving, but the city's growing population poses new concerns. While you can readily start a firm here, scaling will be challenging because competition is high across all key industries. Having stated that, your chances of success would skyrocket.

(Image: https://en.wikipedia.org/)

2. Delhi

Delhi also comprises the Delhi NCR region, which serves as India's capital. While this is a well-known fact, it has immediate consequences for making Delhi more appealing as a business location.

If you are an ex-pat, you would prefer the climate of Delhi too that of Mumbai all year. Furthermore, while the city is nearly as densely inhabited as Mumbai, the population density is marginally higher. This improves the city's access to infrastructure.

(Image: https://economictimes.indiatimes.com/)

3. Bengaluru

Bengaluru is also known as India's "Silicon Valley." It is home to many venture capital behemoths, including Sequoia Capital, Kalaari Capital, Accel Partners, and others. Bangalore is the epicenter of India's technological talent. Major technology firms such as Cisco, Capgemini, Accenture, Oracle, IBM, TCS, and Infosys have already established themselves in the city. It is also home to some of India's most successful businesses, including UrbanLadder, Hector Beverages, Vedantu, ZoomCar, and many others.

(Image: https://www.savills.com/)

4. Pune

Pune offers a one-of-a-kind opportunity for investors and operators looking to create a foothold in Mumbai. Because Pune is physically close to Mumbai, it has access to the city's market of investors, customers, and suppliers. However, Pune lacks the extremely high real estate expenses that frequently make doing business in Mumbai challenging.

With the Mumbai-Pune Expressway at your disposal, you can be in Pune while maintaining an active presence in Mumbai. With major universities such as Symbiosis and the presence of several technology behemoths such as TCS and Infosys, you will have access to a plethora of talent without incurring the high operational costs of Mumbai.

(Image: https://theculturetrip.com/)

5. Indore

Indore was named the cleanest city in India for the fourth time in 2020, according to an annual cleanliness survey conducted by the Government of India. The study took into account several factors, with a population of one million being deemed the minimum for being classified as a city.

While the poll focuses on cleanliness, which is a superior indicator for evaluating living standards, it also demonstrates the government's attempts to make Indore a more economically viable city. Indore has easy access to national highway infrastructure because it is located on the Mumbai-Delhi corridor.

(Image: https://www.hindustantimes.com/)