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India

EDC Position-open all programs

EDC's Position

  • Key EDC Market
  • Actively pursuing business
  • Open under all programs, subject to regular approval criteria

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Country At A Glance

Flag of India
Map of India

Country Facts

Nominal GDP2,149 Billion USD
Population1,311.05 Million
Total Trade/GDP41.13%
CurrencyIndian Rupee (INR)
Merchandise Imports from Canada4,322.95 Million CAD
Canadian direct investment934 Million CAD
Main importsPetrol Products, Electronics, Metals, Machinery & Equipment

EDC in India

Canadian companies assisted441
International buyers insured670
Business volume1,923.98 Million CAD

Business Environment

As one of the world's fastest growing economies, India continues to attract foreign investment due to its competitive labour costs, lucrative domestic market and skilled workforce. However, structural constraints including bureaucracy and a weak rule of law keep India from realizing its full economic potential. The Modi administration has taken steps to eliminate some of these bottlenecks by focusing on public sector reforms and improving the business and investment environments. While India does possess multiple opportunities across several sectors; strong local competition, heavy bureaucracy, underdeveloped infrastructure and lingering CSR issues in both the public and private sector present challenges for Canadian exporters and investors. In order to be successful in India, Canadian companies must be prepared to develop strong relationships on the ground and be able to adapt to the rigorous market requirements.

Key Industries

  • Advanced Security
  • Agriculture
  • Automotive & Heavy Truck 
  • Construction & Infrastructure
  • Environmental Infrastructure & Waste Water
  • Oil & Gas
  • Power
  • Telecom

How we can support your business

Through our representations in New Delhi and Mumbai, we provide on-the-ground support to Canadian companies planning on or currently doing business in India.  Our regional representatives have developed strategic relationships with major buyers in key sectors as well as an extensive network of local contacts in the market.

  • We are well positioned to help Canadian companies through a range of financing and risk management services.
  • Learn more about our service offering.

Consult our interactive Country Risk Quarterly report.

 

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