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It is not a legal requirement, but if you learn the market doesn't fit after incorporating, set-up and running costs are already spent. Samil PwC also notes that some firms discover local conditions late, and advises designing the business structure for Indian conditions.

What you will decide, and by when. Scope and depth change depending on whether you are heading toward an investment decision, a partner contract or an export test.

No. Stopping before you incorporate is the cheapest conclusion. 'Hold' and 'No-Go' are treated as normal research outcomes.

In a report citing the Korea International Trade Association, over 80% of Korean firms entered alone, while over 70% of Japanese entries were joint ventures (2024). Partners are described as helping with regulation, consumer insight and speed of entry.

At the 20 April 2026 summit, the two sides agreed to raise trade from about $25–27 billion to $50 billion by 2030 and to speed up CEPA upgrade talks (no deadline stated). Korea's exports to India in January–August 2026 were about $16.8 billion (+30.8%).

Bottom-up: customers × share able to buy × purchases per year × spend per purchase, cross-checked top-down against public statistics and industry data. We report it as bear, base and bull ranges.

Reports citing IMF estimates put India's 2026 nominal GDP at about $4.15–4.2 trillion, sixth (after the UK), while some sources list it fifth. It varies with exchange rates and methodology, so we cite the year and source.

Samil PwC puts it above 1.48 billion. The official census (Census 2027) is running in two phases from April 2026 to February 2027, so state-level figures must be updated once results come out.

In September 2026 UPI processed 24.07 billion transactions worth ₹29.37 lakh crore, about 800 million a day. Volume was up about 23% year on year.

Outlook Respawn reported Nykaa's Korean-brand GMV up 58% year on year, and cited a forecast (Jefferies) that K-beauty will grow from $400 million to $1.5 billion. These are second-hand figures, so check the primary data.

No. Assumptions can swing results several-fold, so we give bear, base and bull ranges. You can change the assumptions yourself in the calculator.

At least five across Indian brands, imported brands and substitutes, checking names, prices and sales channels. Looking at only one tier can set the price benchmark wrong.