ABSTRACT
Why is Singapore keen to explore the Indian market? There are several reasons that could account for this. Primarily, business opportunities in the Southeast Asian region have become fewer and more competitive especially during and after the Asian Financial Crisis of 1998. The Indian economy caught the attention of Singapore because it emerged relatively unscathed after the Financial Crisis and that its rate of economic growth of 6 to 9 percent annually had surpassed that of regional ASEAN economies.1 The fear of political uncertainty has also been dissipated because India’s political system that once seemed shaky has become more stable in the mid-1990s with then Prime Minister Vajpayee completing his full term.
