Take advantage of growth and send money to India

 

Entrepreneurs considering how to benefit from the growing number of consumers in India might want to factor in ways to send money to India.

According to PwC, India will see its share of the global economic output increase from two per cent in 2011 to about 13 per cent by 2050.

John Hawksworth, chief economist at PwC, said that this rapid growth in emerging economies will provide "great new opportunities for Western companies that can establish themselves in these markets".

However, it takes money to build up a business abroad and moving funds can prove costly.

An independent foreign exchange broker could be one of the best ways for entrepreneurs to send money to India.

Firms such as RationalFX are regulated by the Financial Services Authority in the UK and specialise in sending money overseas.

RationalFX transfers significant amounts of money to India and is able to offer a highly competitive rate of currency exchange as a result.

Opening an account online will allow you to see exactly how much money you can save.

Furthermore, you can use your Debit card, iDEAL or ELV to make a transfer directly into an Indian bank account with a great exchange rate and low fees.