India is the fifth largest economy in the world (ranking above France, Italy, the United Kingdom, and Russia) and has the third largest GDP in the entire continent of Asia. A strong member of WTO India has bilateral trade agreements with a number of countries to boost trade. Since 1991 India has been actively courting foreign direct investment. The human capital, the educated workforce, the ‘international brand’ for technology capability, the motivated workforce with both a work ethic and a hunger for success, the democratic principles and educational systems at the elite colleges, all favor India. Since 1991, with rolling out red carpets to multinationals Indian government began to actively support foreign investment by erasing curbs on growth, mergers & acquisitions, financing restrictions, foreign tie-ups and enlarging private sector and allowing 100 foreign direct investment in apart from allowing special investment benefits for certain selected areas of businesses including power, software, and many export-oriented businesses.