Explore this series of articles laying out the trends and business considerations for companies looking to do business in India.
Discover what the new era of coalition politics in India means for your business, how net zero commitments, emerging technologies, healthcare innovation, and shifts in FDI and labor policies are creating the ideal climate for inbound activity into the world's fastest-growing economy.
Why Are the Middle East and Africa Bright Spots for Business with India?
Strategic pathways for trade and investment exist between the Middle East and India, as well as Africa and India. In FY 2023–24, India’s trade with the Gulf Cooperation Council (GCC) countries reached USD 162 billion, of which imports constituted USD 105.9 billion and exports, USD 56.3 billion. Sovereign wealth fund investments are also significant in areas such as infrastructure, real estate, energy, and technology, while private equity investments in Gulf-anchored funds continues to bolster sentiment for continued uptick in activity between the two jurisdictions.
India is a core market partner for Africa when it comes to trade and investment, with bilateral trade across between the two exceeding USD 80 billion between 2023 and 2024. On the continent, India’s top trading partners are South Africa, Tanzania and Nigeria, with trade between India and South Africa alone accounting for USD 19.25 billion over the same 2023 to 2024 period. For Indian businesses, the continent continues to offer several opportunities across a variety of sectors.
Read full article
