विक्रांत सिंह शेखावत
- भारत,
- 11-Feb-2025,
- (अपडेटेड 10-Feb-2025 06:47 PM IST)
India-France Relations: While there is talk of PM Narendra Modi's US visit, before that PM Modi's France visit has started from Monday. India's relations with Europe's second largest economy France are continuously getting better. Especially the trade relations between the two countries are continuously increasing. In the last 6 years, there has been an estimated 77 percent increase in trade between the two countries. On the other hand, if we talk about FDI, then in the last 10 years, there has been a 3-fold increase in the investment coming from France. Let us also tell you what kind of trade figures are being seen between India and France.
FDI increased 3 times
The trust between India and France has increased a lot. This trust has been seen not only in diplomatic but also in business. Talking about the figures, France has expressed confidence in India and increased FDI from Rs 18,700 crore to Rs 53,700 crore in the last 10 years. This means that the FDI coming from France has increased 3 times in the last 10 years. This investment is till September 2024. According to experts, it can increase further in the coming years.
How much trade between the two countries
Giving information, Kumar Anand, President of Chambers of Commerce and Industry France-India, said that now when PM Narendra Modi is on a visit to France, the trade between the two countries has reached $ 20 billion. Which was more than $ 15 billion last year. This means that in the last one year, the trade between the two countries has increased by more than 30 percent. In the last one year, a lot of business has been seen between the two countries in the defense and aerospace industries. The President of Chambers of Commerce and Industry France-India said that French companies have a strong presence in India. More than one thousand French companies are working in India, while on the other hand, India has less than 100 companies in France.
How has the bilateral trade beenThe bilateral trade between India and France may have reached a potential $20 billion in the current year, but in the last few years it remained stable between US $ 11-15 billion. Talking about the financial year 2023-24, for the first time the barrier of $ 15 billion was broken. Exports from India crossed US $ 7 billion. While India's exports were $ 5.09 billion in FY 2020, it reached 7.14 billion in FY 2024. In FY 2022, India and France's trade saw an increase of more than 36 percent, while in FY 2023 this increase was 11 percent and in FY 2024 an increase of 9 percent was seen. The potential data for FY 2025 is $ 20 billion. This means that this increase is being seen more than 30 percent compared to the previous financial year.
Top 5 exports from India to FranceAccording to the data of the Ministry of Commerce and Industry, Government of India, the top 5 exports from India to France in the financial year 2023-24 are:
Mineral fuels, mineral oils and related products, bituminous substances, mineral waxes - $ 1.22 billion
Nuclear reactors, boilers, machinery and mechanical appliances - $ 760.78 million
Electric machinery and equipment and its parts, sound recorders and reproducers, television image and sound recorders and reproducers, and parts - $ 732.66 million
Pharmaceutical products - $ 535.23 millionApparel and clothing goods (not including knitted or crocheted) - $ 372.04 millionTop ... In 2023-24:
FDI increased 3 times
The trust between India and France has increased a lot. This trust has been seen not only in diplomatic but also in business. Talking about the figures, France has expressed confidence in India and increased FDI from Rs 18,700 crore to Rs 53,700 crore in the last 10 years. This means that the FDI coming from France has increased 3 times in the last 10 years. This investment is till September 2024. According to experts, it can increase further in the coming years.
How much trade between the two countries
Giving information, Kumar Anand, President of Chambers of Commerce and Industry France-India, said that now when PM Narendra Modi is on a visit to France, the trade between the two countries has reached $ 20 billion. Which was more than $ 15 billion last year. This means that in the last one year, the trade between the two countries has increased by more than 30 percent. In the last one year, a lot of business has been seen between the two countries in the defense and aerospace industries. The President of Chambers of Commerce and Industry France-India said that French companies have a strong presence in India. More than one thousand French companies are working in India, while on the other hand, India has less than 100 companies in France.
How has the bilateral trade beenThe bilateral trade between India and France may have reached a potential $20 billion in the current year, but in the last few years it remained stable between US $ 11-15 billion. Talking about the financial year 2023-24, for the first time the barrier of $ 15 billion was broken. Exports from India crossed US $ 7 billion. While India's exports were $ 5.09 billion in FY 2020, it reached 7.14 billion in FY 2024. In FY 2022, India and France's trade saw an increase of more than 36 percent, while in FY 2023 this increase was 11 percent and in FY 2024 an increase of 9 percent was seen. The potential data for FY 2025 is $ 20 billion. This means that this increase is being seen more than 30 percent compared to the previous financial year.
Top 5 exports from India to FranceAccording to the data of the Ministry of Commerce and Industry, Government of India, the top 5 exports from India to France in the financial year 2023-24 are:
Mineral fuels, mineral oils and related products, bituminous substances, mineral waxes - $ 1.22 billion
Nuclear reactors, boilers, machinery and mechanical appliances - $ 760.78 million
Electric machinery and equipment and its parts, sound recorders and reproducers, television image and sound recorders and reproducers, and parts - $ 732.66 million
Pharmaceutical products - $ 535.23 millionApparel and clothing goods (not including knitted or crocheted) - $ 372.04 millionTop ... In 2023-24:
- Aircrafts, spacecraft and their parts - $3.38 billion
- Nuclear reactors, boilers, machinery and mechanical components; their parts - $1.53 billion
- Electric machinery and equipment and its parts, sound recorders and reproducers, television image and sound recorders and reproducers and parts - $541.88 million
- Optical, photographic, cinematographic measuring, medical or surgical instruments and apparatus parts and their accessories - $254.53 million
- Several chemical products - $224.94 million