Indo-German Economic Relationship
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- India’s trade with Germany in 2004-05 stood at US $ 6.5 billion, indicating a robust growth of nearly 20%.
- India’s exports to Germany were US $ 2.64 billion while India’s imports from Germany were US $ 3.86 billion.
- Bilateral trade has been growing at a record 20% for the past 3 years.
- The inflow of total German FDI into India (1991-December 2005) at US $ 1.34 billion has been less than one and a half billion dollars.
- India’s trade with Germany in 2004-05 stood at US $ 6.5 billion, indicating a robust growth of nearly 20%.
- India’s exports to Germany were US $ 2.64 billion while India’s imports from Germany were US $ 3.86 billion.
- Bilateral trade has been growing at a record 20% for the past 3 years.
- The inflow of total German FDI into India (1991-December 2005) at US $ 1.34 billion has been less than one and a half billion dollars.
- There are more than 600 German companies operating in India and an increasing number of Indian companies investing in Germany.
- The actual figures of FDI inflows, therefore, do not reflect the synergies and complementarities of the two economies.
- India has emerged as one of the largest consumer markets in the world, making it one of the most attractive investment destinations.