Background information on bilateral economic relations and the activities of the IKD sponsors:
Currently, India belongs to the industrialized and emerging countries with the highest GDP growth rates (7.8% in the financial year 2023/24). The IMF's forecast for the current fiscal year (24/25) is 6.8%. According to the IMF and World Bank, growth rates of just over 6% are forecast for the coming years. This makes the country currently the fastest growing major economy in the world and puts it ahead of other emerging and developing countries in Asia in terms of economic development. By the end of the decade, India will be the world's third-largest economy after the US and China, overtaking Germany and Japan. The country is investing more in its infrastructure such as airports, seaports, rail and road. India also has great potential in the field of energy and the country is a leading digital and innovation location. The country now earns more from the export of software and IT services than Saudi Arabia does from the sale of oil.
The Düsseldorf Chamber of Industry and Commerce has been part of the India Desk network of the Indo-German Chamber of Commerce for many years and offers a wide range of practical business information and events on the market. Many Düsseldorf-based companies are invested in India or are otherwise active in the market. These include companies such as Henkel, GEA, Gerresheimer, Kiepe Electric and Eller&Eller Architekten. The bilateral trade volume between NRW and India amounted to around 6 billion euros in 2024 (+ 0.7% compared to 2023). At least 200 NRW companies are invested in India, which have created over 100,000 jobs. Foreign direct investments from NRW in India amount to around 4 billion euros.
At the same time, the state capital Düsseldorf is an attractive location for Indian companies and skilled workers as a cosmopolitan city with a high standard of living. Around 40 Indian companies and 7,000 Indians now call Düsseldorf their home – and the trend is rising sharply. Among the Indian companies present in Düsseldorf are many global players, such as Tata Consultancy Services, Infosys, Wipro and Tech Mahindra. Since 2023, the state capital has consolidated its cooperation with the state of Karnataka in southern India as part of a cooperation agreement, with the aim of connecting startups from the fields of Industry 4.0, digital health and sustainability. The recruitment of talent is also an important component of the cooperation agreement.
Messe Düsseldorf is one of the most successful trade fair organizers in the world. Each year, around 40 trade fairs are held at its own venue in Düsseldorf – including 20 world-leading events – bringing together international market leaders and top decision-makers from various industries. In addition, the company organizes 82 trade fairs around the globe, serving as platforms for regional markets. Of these, 16 are held in India – more than in any other international market. Messe Düsseldorf also operates one of its seven international subsidiaries there, with offices in New Delhi and Mumbai. The trade fairs in this key market serve as strong flagships representing the global trade fair hub of Düsseldorf and North Rhine-Westphalia. From 2014 to 2024, a total of 3,688 Indian companies exhibited in Düsseldorf. During the same period, 129,380 visitors from India attended Düsseldorf’s leading international trade fairs. This makes India the third-largest non-European visitor nation (after the USA and China), and the fourth-largest in terms of exhibitors (after the USA, China, and South Korea). This represents an important economic factor for Düsseldorf.