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 the fourth-largest economy at USD 3.9 trillion, surpassing Japan in 2024, with a real GDP growth rate of 6.5%, the fastest-growing major economy.
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 (2024)
India’s economy is poised to become the world’s third-largest by 2030 with a GDP exceeding USD 6 trillion. While still relatively low, GDP per capita is gradually rising.
From 5% in 2019, the unemployment rate increased post-COVID-19 to 8% in 2023, and fell back to 4.9% in 2024. India’s currency has been relatively stable compared to its peers.
Central government debt in the last decade peaked during the COVID-19 pandemic and stabilised post-pandemic, reaching 83% of GDP in 2023. Household consumption has trended upwards in recent years.
Trade Profile (2024)
India’s total trade amounted to USD 1.1 trillion in 2024, dominated by two sectors: Minerals, Fuels & Chemicals and Metals, Electronics & Machinery. The country usually has an annual trade deficit; in 2024, imports exceeded exports by USD 264 billion.
Leading export partners (2024): U.S. (USD 79.4 billion), UAE (USD 37.1 billion), Netherlands (USD 24.2 billion).
Leading import partners (2023): China (USD 127 billion), Russia (USD 67.2 billion), UAE (USD 55.7 billion).
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News & Events
Asia’s Shifting Role in Global Supply Chains — Perspectives by ANDAMAN PARTNERS Co-Founder Rachel Wu
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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
Country Profile – Indonesia
June 25, 2025
Indonesia has a USD 1.4 trillion economy (2024) and real GDP growth of 5%.
Country Profile – Türkiye
June 25, 2025
Türkiye has a GDP of USD 1.3 trillion (2024) with real GDP growth of 3.2%.
Country Profile – Mexico
June 25, 2025
Mexico has a GDP of USD 1.9 trillion (2024) with real GDP growth of 1.5%.