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World Bank’s B-Ready Project
19th CII India Africa Business Conclave
World Bank’s B-Ready Project
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Divisions
Divisions
Foreign Trade (Europe)

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Functions

The Division deals with India’s trade and economic cooperation with 38 Countries of Europe region comprising European Union, EFTA and 7 other European countries: –

  • European Union : (27 countries):
    Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania, Slovak Republic, Slovenia, Spain, and Sweden
  • European Free Trade Association (EFTA) (4 countries):
    Iceland, Liechtenstein, Norway and Switzerland
  • Other European Countries (7 countries) Albania, Bosnia-Herzegovina, North Macedonia, Montenegro, Serbia, Turkey and UK

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Officers in the Division
Shri L Satya Srinivas | Additional Secretary
  • Room No: 401, Vanijya Bhawan
  • Tel: 23039437
  • Emaill : as[dot]Iss-doc[at]gov[dot]in
Shri Darpan Jain | Joint Secretary
  • Room No: 348, Vanijya Bhawan
  • Tel: 23039474
  • js1tpd-doc[at]nic[dot]in
Dr. Brij Mohan Mishra | Director
  • Room No : 333, Vanijya Bhawan
  • Tel : 23039612
  • Email : bm[dot]mishra[at]ias[dot]nic[dot]in
Shri Ambuj Sharma | Director
  • Room No : 107, Vanijya Bhawan
  • Tel : 23039660
  • Email : bm[dot]mishra[at]ias[dot]nic[dot]in
Shri Vijay Kumar | Joint Director
  • Room No: 338, Vanijya Bhawan
  • Tel : 23039842
  • Email : vijay[dot]kumar86[at]nic.in
Shri M. Jayachandran | Consultant
  • Room No : 277, Udyog Bhawan
  • Tel : 23061090
  • Emaill : m[dot]jayachandran[at]nic[dot]in
Shri Dheeraj Bhaskar | Under Secretary
  • Room No : 329, Vanijya Bhawan
  • Tel : 23039709
  • Emaill : us1euro-doc[at]gov[dot]in
Ms. Niti Menghani | Under Secretary
  • Room No: 511, Udyog Bhawan
  • Tel: 23068668
  • Email: us5-europe[at]commerce[dot]gov[dot]in
Shri Amit Kumar | Deputy Director
  • Room No: 316, Vanijya Bhawan
  • Tel: 23039958
  • Email: us4euro-doc[at]gov[dot]in
Shri Bhawesh Kumar Jha | Section Officer
  • Seat No: WS-3076, Vanijya Bhawan
  • Tel: 23039767
  • Email:jha[dot]bhawesh[at]gov.in
Shri Divya Pratap Singh | Section Officer
  • Room No. W-4108, Vanijya Bhawan
  • Tel: 23039928
  • Email: moc-europe3[at]gov[dot]in

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Trade Statistics of the Territory
Merchandise Trade with EU, EFTA, and Other European Countries  

Value in USD billion 
2019-20 
2020-21 
2021-22  
2022-23  
2023-24 (A)  
CAGR (FY 20 to FY 24)  
EU (27 countries) 
Exports 
44.99 
41.36 
64.96 
74.84 
75.93 
14.0% 
% growth 
-6.00 
-8.07 
57.07 
15.20
1.46
 
Imports 
45.04 
39.72 
51.41 
61.05 
59.38 
7.2% 
% growth 
-11.45 
-11.82 
29.43 
18.77
-2.74
 
Total of EU  
90.03 
81.08 
116.37 
135.89
135.31
10.7% 
EFTA (4 countries) 
Exports 
1.64 
1.60 
1.74 
1.93
1.94
4.4% 
% growth 
6.66 
-2.29 
8.97 
10.59
0.86
 
Imports 
17.54 
18.91 
25.49 
16.74
22.05
5.9% 
% growth 
-5.01 
7.81 
34.79 
-34.33
31.71
 
Total of EFTA  
19.18 
20.51 
27.23 
18.67
23.99
5.8%
7 Other European countries including UK 
Exports 
13.89 
12.31 
19.39 
21.21
20.94
10.8% 
% growth 
-7.05 
-11.42 
57.58 
10.95
-2.68
 
Imports 
8.91 
6.45 
9.06 
13.20
12.24
8.3%
% growth 
-11.12 
-27.61 
40.55 
45.66
-7.29
 
Total of Other European 
countries 
22.80 
18.75 
28.45 
34.71
33.18
9.8%
Europe 
Exports 
60.52 
55.26 
86.10 
98.28
98.81
13.0%
Imports 
71.49 
65.07 
85.96 
90.99
93.66
7.0%
Total bilateral merchandise trade with 
Europe 
132.01 
120.34 
172.06
189.27
192.47
9.9%
Trade Balance 
-10.97
-9.81
0.14
7.29
5.15
*(A) Alert indicates that figures are based on Quick Estimates; and are yet to be final.

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India’s major trading partners of Europe 
S.  
No. 
Country 
Exports (USD Billion) 
Imports (USD Billion) 
Total merchandise trade (USD Billion) 
2020–
21 
2021–
22 
2022–
23 
2023–
24(A) 
2020–
21 
2021–
22 
2022–
23 
2023–
24(A) 
2020- 
21 
2021- 
22 
2022- 
23 
2023–
24(A) 
1
Netherland
6.47
12.54
21.62
22.37
3.32
4.48
5.96
4.97
9.79
17.02
27.58
27.34
2   
Germany
8.12
9.88
10.13
9.84
13.64
14.97
15.93
16.27
21.77
24.85
26.07
26.11
3 
Switzerland
1.26
1.35
1.35
1.53
18.23
23.39
15.79
21.24
19.49
24.74
17.14
22.77
4 
U K
8.16
10.46
11.41
12.92
4.96
7.02
8.96
8.42
13.11
17.48
20.37
21.34
5 
Belgium 
5.24
10.08
8.86
7.84
6.94
9.95
9.18
7.24
12.18
20.03
18.04
15.08
6 
Italy 
4.74
8.18
8.69
8.77
3.86
5.05
5.56
5.80
8.60
13.23
14.25
14.56 
7 
France
4.78
6.64
7.61
7.14
4.34
5.78
5.77
6.24
9.13
12.42
13.38
13.38
8 
Turkey 
3.95
8.72
9.61
6.66
1.47
2.00
4.21
3.78
5.42
10.71
13.82
10.44
9 
Spain 
3.24  
4.37
4.66
4.79
1.51
2.05
3.00
2.45 
4.75
6.78
7.66  
7.25
10 
Ireland
0.56
0.69
0.58
0.70
0.41
1.14
3.63 
5.67
0.98
1.82
4.21
6.37
11 
Top 10 
countries 
46.52
73.27
83.52
82.55
58.69
75.82
78.00 
82.08
105.21 
149.10
162.53
164.43
12 
Remaining 
countries 
8.74
12.82
13.76
16.26
6.39
10.13
11.80
11.58 
15.13
22.96
25.56 
27.84 
13 
Total of Europe 
55.26
86.10
98.28
98.81
65.07
85.96
89.81
93.66
120.34 
172.05
188.09
192.47
14 
India’s Total 
291.81
422.00
444.38
437.11
394.44
613.05
711.85
675.43 
686.24
1,035.06
1,156.23
1,112.54
15 
% share of ​
Europe in India’s 
total 
18.9%
20.4%
22.1%
22.6% 
16.5%
14.0%
12.6%
13.9%
17.5%
16.6%
16.3%
17.3%
*(A) Alert indicates that figures are based on Quick Estimates; and are yet to be final

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Investments
FDI in India from Europe

EU continues to be one of the largest sources of Foreign Direct Investment (FDI) for India with FDI inflows from the EU to India valued at USD 107.27 Bn. from Apr 2000-December 2023. The FDI from EFTA and other European Countries in the same period
is valued at USD 45.82 billion. (Europe’s total- US $ 153.09 Bn.)
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ODI from India to Europe:

ODI outflows to the EU from India is valued at USD 40.04 Bn. from Apr 2000-March 2024. The ODI to EFTA and other European Countries in the same period is valued at USD 27.23 billion. (Europe’s total- USD 67.27 Bn.)
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Trade Agreement and Negotiations

EU-India and EU had announced resumption of negotiations for a comprehensive, balanced and mutually beneficial Free Trade Agreement in the India-EU Leaders Meeting in Porto on 8th May 2021. After formal launch of the negotiations in June 2022, seven rounds of negotiations have been held so for. The 8th Round of the negotiations is scheduled to be held in June 2024.

EFTA– The Trade and Economic Partnership Agreement (TEPA) was signed between India and EFTA States (Switzerland, Iceland, Liechtenstein, Norway) on 10th March 2024 at New Delhi.

UK– India and the UK have launched Free Trade Agreement (FTA) negotiations on 13th January 2022. Both sides are committed for early conclusions of the negotiations and signing of the FTA.

Investments

Joint Committees/Joint Commissions have been set up with several European countries, viz., Austria, Belgium-Luxembourg, Bosnia & Herzegovina, Bulgaria, Croatia, Cyprus, Czech Republic, Finland, France, Greece, Italy, Netherland, Norway, Portugal, Romania, Serbia, Slovak Republic, Slovenia, Spain, Switzerland, Turkey and UK. Recently the following meetings were held

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Meetings under Institutional Mechanism held recently
Sl No. 
Subject 
Date 
1. 
12th Session of India-SpainJoint Commission forEconomic Cooperation. 
13 April, 2023
2. 
1st Meeting of India-EU Trade & Technology Council
16 May 2023
3. 
16th Session of the India-Austria Joint Economic Commission
12-13 June, 2023
4. 
11th Session of the India-Slovakia Join Economic Committee
14-15 June, 2023
5. 
3rd Meeting of India-EU High Level Dialogue on Trade & Investment
26 August, 2023
6. 
Virtual stock-take meeting of India-EU Trade & Technology Council
24 November, 2023
7. 
19th Session of India-Switzerland Joint Economic Commission
24 November, 2023
8. 
12th Session of India-Czech Republic Joint Commission for Economic Cooperation
5th December, 2023
9. 
18th session of India-Belgium-Luxembourg-EU Joint Commission
9th April, 2024
  

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Mandatory disclosures under RTI Act, 2005
Name, Designation and other particulars of the CPIO in respect of FT (Europe) Division under Section 4 of RTI – Act, 2005 (Mandatory Disclosures):
Dr. Brij Mohan Mishra | Director
  • Room No : 333, Vanijya Bhawan
  • Tel: 23039612
  • Email : bm[dot]mishra[at]ias[dot]nic[dot]in
Shri Vijay Kumar | Joint Director
  • Room No. 338, Vanijya Bhawan
  • Tel: 23039842
  • Email: vijay[dot]kumar86[at]nic[dot]in