One of Spain's senior officials described Madrid as the region of Spain with the most economic freedom and certainty for business. “The Madrid Region is about the size of Sikkim, but with the population of Hyderabad.” This is how a delegation of 23 Mumbai Investors was introduced to our region at Invest in Madrid agency back in April. Madrid Region is one of the 17 “Autonomous Communities” - the Spanish equivalent for the Indian “states” or the German “Bundesländer” - in which the Spanish State is organised. In fact, despite its relative small size, Madrid is the third most populous region after the vaster regions of Andalusia and Catalonia. One could say Madrid Region is like a good essence: it is concentrated (because it is the most densely populated region of Spain) and it is rich in content (because it is the region with the highest per capita GDP in Spain). Both Spain and Madrid are located on privileged spots. Madrid is right in the middle of Spain, with a potential market of 47 million consumers. Spain is the door to Latin America, the European Union and the North of Africa, three potential joint markets of 1.2 billion customers. To understand the significance of the Madrid Region, we first need to look at its context: Spain and the European Union (EU). Spain is the fourth-largest economic power of the Eurozone and, as per the IMF's latest 'World Economic Outlook', it is set to be the fastest growing of the big and developed countries for 2018 and 2019. Only the US will perform slightly better, and this in part due to important tax cuts recently introduced by US President Trump's Executive. In the recent words of Mr David Lipton, First Deputy Managing Director of the IMF, during his speech at a Bank of Spain Conference in April: “Spain has made more progress than many other European countries (...) The strong growth you are experiencing represents the fruits of reform-the success of policies that introduced flexibility in to the economy” Even the secessionist defiance in Catalonia - which we believe is not desirable for either party - has proved the Spanish economy to be more resilient than expected, with economic effects felt above all in Catalonia and not so much in the rest of Spain. Our economy grew at a robust 3.1 per cent in 2017 (Madrid Region at 3.7 per cent), which by Indian standards is “peanuts”, but for the Old Continent it is quite a remarkable figure. This progress explains why Madrid has hosted all of the companies fleeing from Catalonia: in the first quarter of 2018, 1,350 Catalan firms moved their official residence to Madrid. It is true that this move has not been accompanied by any relocations of workers so far, it only has had some tax and internal organisation implications. However, we believe this behaviour is significant and shows the confidence businesses have in the Madrid Region. Madrid generates 20 per cent of the country's GDP. It is the economic locomotive and the financial and decision-making centre of Spain; the region in Spain with the most economic freedom and certainty for businesses. No wonder that two out of every three Spanish companies choose Madrid to base their head offices. As do foreign firms, with 40 per cent of their subsidiaries in Spanish territory choosing Madrid over any other Spanish locations. This makes Madrid the most preferred destination for FDI into Spain, with 61 per cent of total FDI inflows in 2017 ending up in Madrid Region and an annual average of 56 per cent since the FDI data started to be collected in 1993.