India is a big country, 88 times the size of the Netherlands. Now days the governmental control on foreign business and investments are reduced quit a lot and the privatisation process proceeds more and more. The Indian economy has an estimated growth of 6% on yearly bases. Most of the People are fairly well educated, but still 40% of the society is illiterate and 25% of all inhabitants are living under the poverty line. The national debt is about 60% of the gross national product, which can seen as worrisome. The economy is globally divided as followed:
- 24% Agriculture;
- 28% Industrial;
- 48% Services.
The import value is $65 billion and the export value is $53 billion. The main trade partners of India are:
- United States of America;
- Great Brittan;
The main import products are related to oil products, capital goods, gems, gold, silver and electronics.
The Netherlands exports for €547 million to India, which mainly consists out of Chemicals, machinery and agriculture. The value of import is around €1 billion. Most interesting markets for Dutch businesses are:
- Health care.
More and more international businesses are delocalizing their business to India. Most of the international investments are in information technology, business processes, research and development. After the US and China, India is the most attractive country to invest in.
Language barriers are rare during business conversations, because they often speak fluent English. There are cultural indifferences, but business man are wearing suits and ties.