Country Information Export Development Canada Asia and Pacific

India

India’s 1.3 billion consumers, growing economy and skilled workforce make it a prosperous market for Canadian exports and investment – but you must be willing to take on its challenges.

Country Info | India

Evaluating the market in India

We can help you get a better understanding of market activity, relationships and support to grow your business.

EDC Position

EDC Country Position - Open

Open

What this means:

  • Actively pursuing business
  • All EDC solutions are available in this market, subject to regular approval criteria
How does EDC determine the position?

Risk Rating

EDC Country Position –Low Medium Risk

Low to Medium Risk

What this means:

The Commercial Country Ceiling (CCC) Risk Rating is measured from low to high, and is meant to represent the best possible rating that can be assigned to a commercial business (obligor) in a country.

How does EDC determine the risk rating?

Business environment in India

As one of the world's fastest growing economies, India continues to attract foreign investment due to competitive labour costs, a high potential domestic market and skilled workforce. However, structural constraints including bureaucracy and a weak rule of law keep India from realizing its full economic potential. Steps have been taken to eliminate some of these bottlenecks by focusing on public sector reforms and improving the business and investment environment. The implementation of the long-sought Goods Services Tax (GST) will help the country create a common internal market and with it greater transparency, improved ease of doing business and tax efficiencies. While India does possess multiple opportunities across several sectors, strong local competition, bureaucracy, underdeveloped infrastructure and lingering corporate and social responsibility issues in both the public and private sector present challenges for Canadian exporters and investors. Exporters must be willing to match the scale of large supply chain demands. EDC serves Canadian companies in India through our local representation in New Delhi and Mumbai.
  • Advanced Security
  • Agriculture
  • Automotive & Heavy Truck 
  • Construction & Infrastructure
  • Environmental Infrastructure & Waste Water
  • Oil & Gas
  • Power
  • Telecom

Here’s a helpful tip for doing business in India

Because a great deal of business is conducted over meals in India, receiving an invitation for lunch or dinner is a good sign the business relationship is progressing.

Unlock key contacts in India when you download our Market Entry Advisor Guide.

International Trade Solutions

We understand opportunity

With our knowledge and solutions, you can take on the world knowing that we've got your back.

Access more insights on this country

Doing Business in India Exporters

Doing business in India: What Canadian exporters need to know

Blog October 05, 2017 India is a priority market for the Government of Canada and EDC. Here’s how you can leverage that interest and do business in India.

EDC Market Entry Advisors India

Market Entry Advisors – India

Guide August 25, 2017 Get in contact with key experts you should call before selling abroad, as well as helpful facts and stats for each market.

Business etiquette in India

Doing business in India: 14 essential etiquette tips

Blog June 22, 2017 Nathan Nelson, EDC’s Chief Representative in India, shares his "three p" approach to doing business in India. Learn what they are.

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1-888-220-0047

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Alicia McCarthy

Senior Trade Advisor, EDC

Alicia McCarthy Senior Trade Advisor, EDC