India
On this page you will find beneficial information regarding foreign direct investment in / trading with India. If you are interested in exploring trade or investment possibilities in the country, feel free to contact the International Trade Council team. Additionally, we encourage you to engage with the official government investment agency featured on this page.
It is important to note that while the statistics presented on this page were understood to be accurate at the time of publication, they are subject to change over time. Please consult your ITC Trade Commissioner for up-to-date information.
Type of Government: Federal Parliamentary Republic
Population: 1.408 billion (2021)
GDP: 3.176 trillion USD (2021)
Corporate Tax Rate: 30%
Personal Income Tax Rate: 5% - 30%
Major Exports: Refined Petroleum ($49B), Diamonds ($26.3B), Packaged Medicaments ($19.2B), Jewellery ($10.7B), and Rice ($10B), exporting mostly to United States ($71.2B), United Arab Emirates ($25.4B), China ($23.1B), Bangladesh ($14.1B), and Hong Kong ($11.2B).
Major Imports: Crude Petroleum ($93.5B), Gold ($58.4B), Coal Briquettes ($28.4B), Diamonds ($26B), and Petroleum Gas ($21.9B), importing mostly from China ($94.1B), United Arab Emirates ($42B), United States ($39.1B), Switzerland ($31.8B), and Saudi Arabia ($25.6B).
Investment Agency: India National Investment Promotion and Facilitation Agency
Website: https://www.investindia.gov.in/
National Chamber of Commerce: Federation of Indian Chambers of Commerce and Industry
Website: https://www.ficci.in/
Customs Agency: Central Board of Indirect Taxes and Customs (CBIC)
Website: https://www.cbic.gov.in/
