Unlocking the growth potential

B1

LOW RISK for entreprise

  • Economic risk

  • Business environment risk

  • Political risk

  • Commercial risk

  • Financing risk

  • Economic risk

  • Business environment risk

  • Political risk

  • Commercial risk

  • Financing risk

Last updated in July 2024.
GDP USD 3549.9bn (World ranking 5, World Bank 2023)
Population 1428.6mn (World ranking 1, World Bank 2023)

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Form of state Federal Republic
Head of government Narendra Modi (PM)
Next elections 2024, general
  • Relatively stable government
  • Large internal market, providing some insulation from global business cycle
  • Successful diversification into manufacturing and services
  • High annual GDP growth
  • Low external debt relative to earnings, repayment capacity and reserves
  • Favorable demographics
  • Structural weaknesses including inadequate infrastructure and current and fiscal account deficits
  • Financial risks to monitor, namely balance sheets of banks and non-bank financial institutions
  • Weak structural business environment (slowly improving)
  • Poverty and uneven income distribution, low literacy rates and fierce brain drain
  • Vulnerable to natural disasters
  • India-China relations to remain tense in part due to border disputes
(% of total, 2023)
  Exports Rank Imports  
United States 17.6% 1 China 17.8%
United Arab Emirates 7.7% 2 Russian Federation 7.2%
Netherlands 5.4% 3 United States 6.5%
China 3.8% 4 United Arab Emirates 6.4%
United Kingdom 2.9% 5 Saudi Arabia 5.2%
(% of total, annual 2023)
Exports Rank Imports
Petroleum, petroleum products and related materials 20.2%
1 21.2% Petroleum, petroleum products and related materials
Non metallic mineral manufactures, n.e.s. 6.1%
2 7.9% Electrical machinery, apparatus and appliances, n.e.s.
Medicinal and pharmaceutical products 5.4%
3 6.9% Gold, non-monetary (excluding gold ores and concentrates)
Road vehicles 4.6%
4 5.2% Coal, coke and briquettes
Textile yarn and related products 4.2%
5 4.8% Non metallic mineral manufactures, n.e.s.
The Allianz Trade Collection Complexity Score provides a simple assessment of how easy it is to collect debt around the world. The 2022 edition covers 49 countries that represent nearly 90% of global GDP and 85% of global trade.
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