India as a market of opportunity for German companies
India, Asia’s third-largest economy, is seen as one of the most promising markets for the future. In turn, Germany offers Indian firms innovations across a diverse range of industries. “A lot of doors and windows are open: just look around!” remarked Drishtirupa Das, Head of Communications at the German-Indian Chamber of Commerce in her panel presentation. She emphasised the enormous potential for cooperation in forward-looking technologies, especially in view of Prime Minister Modi’s ambitious goal for India to be climate-neutral by 2070. In particular, renewable energy, India’s Green Hydrogen Roadmap, energy efficiency measures, and – given Mumbai’s role as the event’s host city – smart cities represent areas where German companies can offer attractive solutions.
Economic relations between Germany and India are on a solid growth path. In 2024, bilateral trade between the two countries reached a new all-time high, driven in large part by a significant increase in German exports. India continues to be a key market for Germany, particularly for machinery and chemical products.