ANDAMAN PARTNERS Was a Co-Sponsor of the South African National Day Reception in Shanghai on 30 May 2025
May 29, 2025
ANDAMAN PARTNERS was a cosponsor of the South African National Day Reception in Shanghai on 30 May 2025.
Profile in Brief
India has the world’s largest population and now the fourth-largest economy at USD 3.6 trillion (2023) with a real GDP growth rate of 7.8%.
India has a total land area of 3.3 million square kilometres.
Government is democratic with a parliamentary system.
Economy at a Glance
GDP Overview (2023)
India’s economy is poised to become the world’s third-largest by 2030, while GDP per capita, though low, is gradually rising.
Real GDP growth was 7.8% in 2023 and is forecast to remain above 6% for the rest of the decade.
Government debt in the last decade peaked during the pandemic and stabilized post-pandemic, reaching 83% of GDP in 2023.
Trade Profile (2023)
Total trade amounted to USD 1.1 trillion in 2023. Minerals, fuels & chemicals was the largest sector, followed by metals, electronics & machinery.
Leading export partners (2023): U.S. (USD 75.8 billion), UAE (USD 33.0 billion), Netherlands (USD 23.1 billion).
Leading import partners (2023): China (USD 122 billion), Russia (US 67.1 billion), U.S. (USD 42.1 billion).
To download the full India Country Profile, please see the option below.
ANDAMAN PARTNERS supports international business ventures and growth. We help launch global initiatives and accelerate successful expansion across borders. If your business, operations or project requires cross-border support, contact connect@andamanpartners.com.
News & Events
Asia’s Shifting Role in Global Supply Chains — Perspectives by ANDAMAN PARTNERS Co-Founder Rachel Wu
March 11, 2025
Analysis by ANDAMAN PARTNERS Co-Founder Rachel Wu on changing patterns in global supply chains.
ANDAMAN PARTNERS Co-sponsored the West Australian Mining Club Luncheon in Perth on 27 February 2025
February 27, 2025
WA Mining Club luncheons are valuable ways to network with colleagues and clients and learn about the latest industry insights.
Knowledge
Africa’s Unfulfilled Manufacturing Revolution and New Opportunities of Industrialisation
June 13, 2025
Africa previously failed to develop a broad manufacturing base despite industrial foundations laid early in the post-colonial period. But Africa’s potential for industrial takeoff remains.
The Philippines’ Services-Led Economy Driven by Domestic Consumption
June 11, 2025
Rapid and sustained economic growth has made the Philippines a Southeast Asian economic force to be reckoned with, with bright prospects.
Southeast Asia: The USD 4-trillion Economy
June 11, 2025
With rapid GDP growth, expanding trade networks and investment inflows, Southeast Asia has lasting appeal as a destination for corporations seeking to diversify supply chains.