Economic studies

With robust growth underpinned by a burgeoning middle class, India has become the world's 5^th economy in just 20 years (ranked 12^th at the time), making it a market of the future.

This study provides the keys to a better understanding of the challenges and opportunities facing this leading Asian economy. The country comprises 36 States and Territories, each with their own unique characteristics, wealth and opportunities. At the heart of this mission, Mumbai and Delhi play a strategic role as national hubs.

In a complex geo-economic context, India is seeking to diversify its partners and to become a key player in world trade. Already well positioned in the services sector, the country is increasing its integration into global value chains for goods as well.

After analysing macroeconomic indicators, the study looks at sectors that offer great opportunities for our companies, such as pharmaceuticals and health, logistics, as well as space, aeronautics and defence.

Finally, some of the companies taking part in the mission shared their experiences and the links that bind them to India. These companies are active in telecommunications, agriculture and the manufacture of specialised chemicals.

This study was realised in the context of the joint economic mission to India from 1 to 8 March 2025.

Document only available in French and Dutch.