India’s Stronger Trade Bonds with G7 Countries

Significant Growth in High-Tech and Pharma Exports

India’s trade with G7 countries is growing fast. This growth is seen in many important areas, as shown in a recent report by Rubix.

Key Facts:

• The G7 includes the US, UK, Germany, France, Italy, Canada, and Japan.
• All G7 countries, except Canada, are among India’s top 30 trade partners.
• India’s total exports to the G7 were $138 billion in FY25.
• This shows a 13% growth since FY21.

Trade Growth Details

India’s imports from the G7 reached $110 billion. This is a 12% growth over the same period. Overall, India’s trade with G7 nations was $248 billion in FY25. This is a 13% growth over the last four years.

Trade Surplus Insights

India had a trade surplus of $28 billion with the G7 in FY25. This is a 16% increase from FY21. India has a trade surplus with four G7 members: the US, UK, France, and Italy.

Export and Import Shares

India’s goods exports to G7 countries rose from 29% in FY20 to 31% in FY25. Meanwhile, imports from the G7 fell from 18% to 15% in the same period.

Top Export Sectors

Telecom equipment, including mobile phones, and pharmaceuticals are major export items. These sectors are very important for India’s trade.

• Telecom equipment makes up 5-16% of exports.
• Pharmaceuticals account for 7-12% of exports.
• India’s mobile phone exports jumped 55% in FY25, hitting $24 billion.

Pharmaceutical Sector Highlights

India’s pharmaceutical sector is very important. It supplies:

• Over 50% of the world’s vaccine demand.
• 40% of the US’s generic drug needs.
• 25% of the UK’s total medicine use.