🇮🇳

Export Market

India

ISO: IN / IND

Country Profile

Capital New Delhi
Population 1.4B
GDP $3.91T (2024)
GDP per Capita $2,695
Income Level Lower-Middle Income
Currency Indian rupee (INR ₹)
Language English
Timezone UTC+05:30
Region Asia · Southern Asia

Trade Partners

India Exports To

  • USA 19.0%
  • UAE 7.0%
  • China 4.0%
  • Germany 3.0%
  • UK 3.0%

Key exports: refined petroleum, packaged medicine, diamonds, broadcasting equipment, garments (2023)

India Imports From

  • China 19.0%
  • Russia 10.0%
  • USA 6.0%
  • UAE 6.0%
  • Saudi Arabia 5.0%

Key imports: crude petroleum, gold, coal, natural gas, integrated circuits (2023)

Economic Overview

largest South Asian economy; strong, sustained GDP growth led by technology and service sectors, foreign investment, and improved regulatory framework; high poverty rate and income inequality; initiatives on infrastructure development, digitization, manufacturing, and financial access

Government: federal parliamentary republic

UK Trade Status

No FTA

There is currently no free trade agreement between the UK and India. Standard WTO terms apply.

Trade Barriers

16 active barriers affecting UK exporters

Disparity in the corporate tax rate applied to domestic and international companies in India

India applies a corporate tax rate of 25% to its domestic companies, however, India-based branches of overseas businesses, can pay up to 42% in corporate tax.

Sectors: Financial and professional services

Reported: 12 Oct 2020

Lack of agreed Export Health Certificate (EHC) preventing the export of UK Cattle for breeding.

UK Exporters are currently unable to export cattle to India for breeding purposes due to a lack of an agreed Export Health Certificate (EHC) between the UK Department for the Environment, Food and Rural affairs and the Indian Department for …

Sectors: Agriculture, horticulture, fisheries and pets

Reported: 12 Oct 2020

Stringent conditions for export of bovine semen to India

UK Department for Environment, Food and Rural affairs is currently engaged with Indian Department for Animal Husbandry and Dairying (DAHD) to further relax the health protocol to facilitate the export of bovine semen to India.

Sectors: Agriculture, horticulture, fisheries and pets

Reported: 12 Oct 2020

Lack of agreed Export Health Certificate (EHC) preventing the export of Ovine and Caprine Genetics to India.

UK Exporters are currently unable to export Ovine and Caprine Genetics to India due to a lack of an agreed Export Health Certificate (EHC) between the UK Department for the Environment, Food and Rural affairs and the Indian Department for …

Sectors: Agriculture, horticulture, fisheries and pets

Reported: 3 Sep 2020

Indian insurance and pension funds cannot invest their funds overseas

Indian insurers and pension funds cannot make any investments overseas, due to restrictive legislation.

Sectors: Financial and professional services

Reported: 10 Aug 2020

View all 16 barriers on GOV.UK →

Geographic Region

South Asia

Trading Bloc Memberships

India is a member of the following trade agreements and economic blocs.

SAFTA South Asia Free Trade Area Free Trade Area SAARC South Asian Association for Regional Cooperation Economic Union

Export Guidance

Relevant guidance for exporting to India.

Start Your Export Journey

Export to the EU after Brexit Start exporting from the UK Manage your export compliance

Also in This Region

🇦🇫 Afghanistan 🇧🇩 Bangladesh 🇧🇹 Bhutan 🇲🇻 Maldives 🇳🇵 Nepal 🇵🇰 Pakistan 🇱🇰 Sri Lanka

Official Resources

Government export support for India.

great.gov.uk Market Guide → GOV.UK Country Information →
← Back to All Markets