Written by Györgyi Mácsai, (EPRS), in cooperation with Mira Manini Tiwari (from GlobalStat | EUI),
Updated on 22.06.2023
This infographic provides an insight into the economic performance of India compared with the EU, and looks at the trade dynamics between them. India’s unemployment rate had been decreasing gradually but steadily since 2006, before rising sharply in 2020, and then returning to the pre-2020 trend in 2022. Both foreign direct investment (FDI) and remittances have remained a relatively stable percentage of India’s gross domestic product (GDP), with slight fluctuations. Remittances to the EU have remained a low and stable percentage of GDP, whereas FDI inflows as a percentage of the EU’s GDP have fluctuated and fallen significantly since 2006. The EU’s exports and imports of goods to and from India remained almost equal until 2021, which saw a sharp increase in the value of goods imported by the EU.
Read this infographic on ‘India: Economic indicators and trade with EU‘ in the Think Tank pages of the European Parliament.