With a population of 82 million, Germany is the largest and most populous economy in Europe. Thus, it plays a key role in Europe’s economic, political and defence issues. Germany is the fourth richest country in nominal GDP terms and second largest exporter in the world with exports contributing close to half of its GDP. Major industries include automobiles, mechanical engineering, chemicals, aviation, IT, steel, ship building, food industry, textile and clothing, mining, etc.
India and Germany share warm relations of mutual respect and regard based on historical interest in each other’s literature and culture. The two countries enjoy a strategic partnership, translating into cooperation across many dimensions.
The two countries must leverage their excellent relations to forge a new paradigm of economic partnership that would greatly elevate trade and investment.