A Hub for Investment and Innovation

India is one of the world's largest economies and a global hub for innovative startups. As the country undergoes rapid urbanisation, more business opportunities are emerging for Swedish companies.

India is the world's largest democracy with a population of 1.4 billion people. Forecasts suggest that the country will be the world's third-largest economy by 2030. Structural reforms and investments continue to drive economic growth and social transformation, creating a solid foundation for India.

Rapid Development

India’s strengths lie in its ability to continually adapt to the everchanging geopolitical situation while also leveraging the benefits of positive demographic changes, digitalisation, and steady governance.

India has also made significant advancements in technological infrastructure, including improved internet connectivity, cloud computing services, and data centres. This infrastructure supports the growth and scalability of innovative technology companies.

By capitalising on these trends and aligning with India's vision for sustainable and inclusive development, Swedish businesses can unlock tremendous potential and contribute to the country's economic success.

Enormous market potential

Trade relations between Sweden and India date back almost 300 years. In recent years, India has become somewhat of a global hub for innovative startups, and leading Swedish companies have learned to seize the opportunities. Today, there are over 280 registered Swedish companies in India, indirectly employing over 2.2 million people. The enormous market potential has also led to a favourable business climate for companies looking to establish a presence, making India an important hub for the rest of the region.

Both countries have signed dedicated MoUs in several areas including health, science and technology, energy, environment and urban development, defence, space, and MSMEs for promotion of research and development cooperation and introduction of sustainable technologies.

Challenges

While the potential is vast, challenges still exist in India and Swedish companies need to be aware that bureaucracy, corruption, protection of intellectual property, and a certain level of resistance towards foreign investments exists.

How we can help your company

Business Sweden has been helping Swedish companies increase their sales in India for more than 25 years. From our offices in Mumbai, Bengaluru and New Delhi, we can help you plan your internationalisation within your selected business segments, find suitable partners, and provide advice on the local business culture, to name a few of our common services.