Business in India

India, is not only one of the most highly populated countries in the world, but also one of the world’s biggest economies. The World Bank has forecast India’s GDP to be 8.3% for the current financial year 2021-22. India ranks among the fastest growing economies. Thanks to its current growth, India has become the third largest economy, right after the USA and China.

The reformation process undertaken by the current government is one of the key features on the way to the 2030 goal.

India’s economy, which was predominantly agrarian, has increasingly become service oriented. Presently, services determine half of the Indian GDP, whereas mining, manufacturing and the construction industry contribute about one-third of the country’s GDP.

Why India Works

  1.  Mumbai is the financial capital of India: With a large business community, key regulators and a lot of ancillary companies, Mumbai is the financial capital of the country. With an array of benefits and services to MSME’s and global companies, the country has been very welcoming of global players into the market.
  2. India is Germany’s most important trading partner: India acts as a key and reliable partner in the Asian Region for the EU.
  3. The Hamburg Representation Mumbai: Sitting in the Indo-German Chamber of Commerce and with close ties to the German Consulate, GTAI and close connections with other expert associations, Hamburg Representation Mumbai works with a fast track mechanism to help companies from Hamburg entering India.
  4. The team works closely with not only new entrants but also established companies to facilitate all their requirements . We offer services as well as support with consulting, networking, delegation trips, local marketing, trade fair activities and cultural and business events.