ANDAMAN PARTNERS Wishes You a Happy and Prosperous Year of the Horse!
February 6, 2026
Compliments of the Chinese Lunar New Year to all our clients, customers, suppliers and partners.
Profile in Brief
NOTE: This is a brief summary of the full Country Profile, which can be viewed or downloaded at the link below.
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).
To download the full 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
ANDAMAN PARTNERS to Attend Investing in African Mining Indaba 2026 in Cape Town
January 23, 2026
ANDAMAN PARTNERS Co-Founders Kobus van der Wath and Rachel Wu will attend Investing in African Mining Indaba 2026 in Cape Town, South Africa.
Join ANDAMAN PARTNERS at Networking Event in Cape Town Ahead of Mining Indaba 2026
January 7, 2026
ANDAMAN PARTNERS is pleased to support and sponsor this popular Pre-Indaba event in Cape Town.
Knowledge
South African Exports to China Could Accelerate Under New Zero-Tariff Deal
February 16, 2026
The new framework could unlock growth in non-commodity exports, especially food, autos and industrial intermediates.
India Is Emerging as the World’s Next Major Consumer Market
February 13, 2026
India’s momentum is anchored in broad-based household demand, supported by urbanisation, middle-class expansion and consumer import intensity.
AI Adoption Is Now Mainstream, But Enterprise-Scale Impact Remains Limited
February 11, 2026
Most firms now use AI, but enterprise-wide scaling remains rare, meaning productivity gains are concentrated in a small group of larger firms.