ASSOCHAM says stronger use of the EU-India free trade agreement and cooperation in advanced manufacturing, green technology and digital sectors could propel Indian exports to Germany beyond $50bn by 2030.
India’s exports of goods and services to Germany could top $50 billion by 2030, according to a new ASSOCHAM report that points to the India-EU free trade agreement and deeper industrial links as the main drivers. The report was launched in Berlin by Commerce and Industry Minister Piyush Goyal during his visit to Germany and the Netherlands, where he is leading a delegation of about 100 Indian businesses and start-ups.
The chamber said the proposed trade deal could widen access for Indian exporters by reducing duties on a broad range of products, including textiles, leather, footwear, gems and jewellery, marine goods, engineering products, pharmaceuticals and electronics. It also said the agreement could open doors in advanced manufacturing, semiconductors, digital technology, critical minerals and defence, areas where both economies have complementary strengths.
ASSOCHAM President Nirmal K. Minda said stronger industrial cooperation would create opportunities for companies in both countries, particularly small and medium-sized enterprises. The chamber’s secretary general, Saurabh Sanyal, said renewable energy, green hydrogen, electric mobility and battery storage could also become important areas of collaboration under Germany’s Green and Sustainable Development Partnership.
The scale of the opportunity is underscored by recent trade figures. India’s Ministry of External Affairs says Germany is India’s largest trading partner in the European Union, accounting for roughly a quarter of India’s trade with the bloc, and bilateral trade in goods and services reached $51.23 billion in 2024-25. The European Commission says the EU-India free trade agreement was concluded on 27 January 2026 and is intended to strengthen economic ties while giving India market access for more than 99% of its exports to the EU.
ASSOCHAM chief economist S. P. Sharma said stronger use of the agreement could lift Indian exports to Germany as high as $60 billion, or about €54 billion, by 2030. The report called for more business-to-business engagement, sectoral meetings and buyer-seller events to turn the trade outlook into actual commercial deals.
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