In the midst of significant and large-scale changes in the global strategic landscape, India and Germany will endeavor to double bilateral trade, said the Minister of External Affairs (EAM), S. Jaishankar, adding that, together, they would like negotiations of the Indian-UNE-EU (ALE) free trade agreement to be a decisive conclusion soon.
Bilateral trade has increased significantly in the last decade between the two nations, reaching a record summit of around 33.4 billion dollars (28 billion euros) in 2024.
In a press briefing to the visit of the German Minister of Foreign Affairs, Johann Wadephul, Eam Jaishankar said that in one of his previous interviews, his German counterpart had declared that it was very confident that “we would double our profession” with India.
Jaishankar on Indian-German trade
“Let me assure him that India fully does the same towards this feeling. We look forward to working with the German government on this subject. I want to reiterate that we remain fully determined to continuously improve the ease of doing business in this country. I assured the minister today that we were German concerns in India – coming to India, by establishing ourselves, working here, we were ready to pay particular attention, “said the bitter.
EAM highlights the importance of the Indian-EU partnership
He also said that the “changes we see in the world today influence our policies and influence the way we approach other countries”.
“We also see a lot of volatility on the global economic landscape, and I think that together, they make a very powerful case for India and the European Union (EU) and India and Germany to work much more closely. Relationship”.
Wadephul said India is the main economic business partner in Germany and that more than 200 German companies are active in the country.
He described India as “increasing economic power” with a “particular importance” on the world scene, reaffirming the full support of Berlin to the finalization of the ALE between India and the European Union.
Germany was the 8th trading partner for India in 2024-25. It was India’s 12th trading partner in 2023-24 and the 11th largest trading partner in 2022-2023. Germany is the 9th largest direct foreign investor in India with a cumulative FDI of $ 15.11 billion from April 2000 to March 2025.
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