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Market Information: India

Profile

Capital:        
New Delhi

Population:    
1.2 billion

Language(s):    
Hindi and English most widely used

Government:    
Federal Republic

Head of State:
President Pranab Mukherjee

Head of Government:
Prime Minister Narendra MODI

Currency:  Indian Rupee (INR)
CDN$1 = 52.47 INR (April 2015)

GDP: (billion)
$2,263.6 (2014)

GDP per capita:
$1,796.95 (2014)

GDP growth rate:
7.17% (2014)

Unemployment:
n/a

Inflation:
5.99% (2014)

Market opportunities

  • Aerospace
  • Agricultural Machinery
  • Agriculture, Food and Beverages
  • Clean Technologies
  • Defence and Security
  • Education
  • Information and Communication Technology (ICT)
  • Infrastructure, Building Products and Related Services
  • Life Sciences

Trade and investment

  • Manitoba-India two-way trade was more than $159.2 million in 2014.
  • In 2014, India was the 16th largest destination for Manitoba’s domestic exports.
  • In 2014, Manitoba exports to India exceeded $65.7 million. Main export products included:  unwrought nickel, leguminous vegetables, magnetic/optical readers, canola/colza seeds and machines/mechanical appliances.
  • Manitoba imported $93.4 million worth of goods from India in 2014. Top imported products included:  jewellery, medication, pesticides, nitrile function compounds and motor vehicle parts.
  • Manitoba accounted for approximately 2.1% of Canada’s exports to India in 2014.