Chambre de Commerce - Fiche d'information pays Dernière mise à jour: 07.02.2017
The Indus Valley civilization, one of the world's oldest, flourished during the 3rd and 2nd millennia B.C. and extended into northwestern India. Aryan tribes from the northwest infiltrated the Indian subcontinent about 1500 B.C.; their merger with the earlier Dravidian inhabitants created the classical Indian culture. The Maurya Empire of the 4th and 3rd centuries B.C. - which reached its zenith under ASHOKA - united much of South Asia. The Golden Age ushered in by the Gupta dynasty (4th to 6th centuries A.D.) saw a flowering of Indian science, art, and culture. Islam spread across the subcontinent over a period of 700 years. In the 10th and 11th centuries, Turks and Afghans invaded India and established the Delhi Sultanate. In the early 16th century, the Emperor BABUR established the Mughal Dynasty which ruled India for more than three centuries. European explorers began establishing footholds in India during the 16th century. By the 19th century, Great Britain had become the dominant political power on the subcontinent. The British Indian Army played a vital role in both World Wars. Years of nonviolent resistance to British rule, led by Mohandas GANDHI and Jawaharlal NEHRU, eventually resulted in Indian independence, which was granted in 1947. Large-scale communal violence took place before and after the subcontinent partition into two separate states - India and Pakistan. The neighboring nations have fought three wars since independence, the last of which was in 1971 and resulted in East Pakistan becoming the separate nation of Bangladesh. India's nuclear weapons tests in 1998 emboldened Pakistan to conduct its own tests that same year. In November 2008, terrorists originating from Pakistan conducted a series of coordinated attacks in Mumbai, India's financial capital. Despite pressing problems such as significant overpopulation, environmental degradation, extensive poverty, and widespread corruption, economic growth following the launch of economic reforms in 1991 and a massive youthful population are driving India's emergence as a regional and global power.
Source: The CIA World Factbook - India
Economic growth is projected to remain strong, hovering around 7.5%. Private consumption will be boosted by expected large increases in public wages and declining inflation. Investment will pick up gradually as excess capacity fades, deleveraging continues for corporations and banks, and infrastructure projects mature.
Inflation is above the long-term target and public debt is high, leaving little room for accommodative policies. However, some monetary impulse is to come as recent cuts in policy rates are passed on to consumers and investors. The renewed commitment for fiscal consolidation is welcome but the quality of public finances should be improved by increasing tax revenue and tilting the spending mix towards physical and social infrastructure. Creating more and better quality jobs is the key to inclusive growth and requires modernising labour laws and making further progress in the ease of doing business.
Improving productivity is essential for India’s GDP per capita to catch up with higher-income countries. In the agriculture sector, which still absorbs about half of total employment, this would require farm consolidation and mechanisation as well as better storage and transport infrastructure. In the manufacturing sector, labour and product market regulations should be reformed to enable firms to expand to an efficient size. Providing better access to quality health and education systems is also key, both to raise productivity and to ensure its fruits are spread more equitably.
Source: OECD - Economic Forecast
Source: IMF Statistics - India
Le Luxembourg et le pays
Existing conventions and agreements
Non double taxation agreement
In order to promote international economic and financial relations in the interest of the Grand Duchy of Luxembourg, the Luxembourg government negotiates bilateral agreements for the avoidance of double taxation and prevent fiscal evasion with respect to Taxes on Income and on fortune with third countries.
- Convention and Protocol from 02.06.2008
Law from 06.05.2009 (Memorial 2009, A, no. 137, p. And 1912
- Effective as of 07.09.2009 (Memorial 2009, A, no.
196, p. 3170)
Air Services agreement
- Convention from, 8.1.2001 (Memorial 2003, A, p. 1054 )
The record of the Department of Treaties: not in force yet.
The Statec Foreign Trade statistics provide information on the trade of goods - by product and by country. This information is collected respectively through the INTRASTAT declaration and on the basis of customs documents.
You can see the statistics on the website of the Statec.
Contact points in India
Embassy of the Grand Duchy of Luxembourg in India
Ambassador: Sam SCHREINER
84, Jor Bagh
New Delhi - 110003
Tel: +91 11 49 98 66 00
Fax: +91 11 41 52 52 01
Economic and Commercial Attachés (AWEX):
Economic and Commercial Attaché with jurisdiction in Dadra and Nagar Haveli, Daman and Diu, Goa, Gujarat, Maharashtra: Jean-Guy SCHATTENS
5th Floor, Thapar House-C.G,
Dr. Annie Besant Road, Worli
MUMBAI - 400030
Tel: +91 22 24 32 26 09
Fax: +91 22 24 32 26 09
Economic and Commercial Attaché with jurisdiction in Arunachal Pradesh, Assam, West Bengal, Bihar, Chandigarh, Chhattisgarh, Delhi (territory), Haryana, Himachal Pradesh, Jammu and Kashmir, Jharkhand, Madhya Pradesh, Manipur, Meghalaya, Mizoram, Nagaland, Orissa, Punjab, Rajasthan ,, Sikkim, Tripura, Uttar Pradesh, Uttarakhand: Jean-Pierre MULLER
50-N Shantipath, Chanakyapuri
New Delhi 110021
Tel: +91 11 42 42 82 00
Fax: +91 11 42 42 82 10
Economic and Commercial Attaché: Kathlijn FRUITHOF
No. 20, First Coast Bay
Sea Cliff Conclave Akkarai,
East Coast Road
Chennai 600 119
Honorary Consul with jurisdiction in the states of Maharashtra,
Goa, Gujarat: Mr. Ashok MANILAL KADAKIA
404 Shards Chambers
33 New Marine Lanes
Mumbai 400 020
Tel: +91 22 40 62 72 00
Fax: +91 22 40 62 72 14
Honorary Consul with jurisdiction in the states of Arunachal Pradesh,
Assam, West Bengal, Bihar, Chhattisgarh, Jharkhand, Manipur, Meghalaya, Mizoram, Nagaland, Orissa, Sikkim and Tripura: Mr. Rajat Dalmia
24, Hemanta Basu Sarani
Kolkata 700 001
Tel: +91 33 2262 2378 / +91 33 2230 8994/4273 / +91 33 2243 5274
Fax +91 33 2243 0165 / +91 33 2262 2379
E-mail: info(at)luxmconslcal.com / Luxmcons.cal(at)gmail.com
Honorary Consul with jurisdiction in the states of Tamil Nadu, Kerala, Karnataka and Andhra Pradesh: Mr. Jhangoo Daruwalla
2D South Gate,
17 Kasturi Rangan Road Chennai 600018
Tel: +91 44 225 612 13
Fax: +91 44 249 878 37 / 256 1336
Luxembourg Trade and Investment Office
730 Gadaipur Road
Branch Post Office Gadaipur
New Delhi 110 030
Tel: +91 11 2680 6112
Fax: +91 11 2680 1971
Country risk as defined by Office du Ducroire for India
Ducroire is the only credit insurer covering open account deals in over 200 countries. A rating on a scale from 1 to 7 shows the intensity of the political risk. Category 1 comprises countries with the lowest political risk and category 7 countries with the highest. Macroeconomics experts also assess the repayment climate for all buyers in a country.
Other useful links
Market entry guides are brochure series published by the Ministry of the Economy and Foreign. The series focuses on worldwide markets, industries and business environments, providing comprehensive and in-depth analysis and guidelines. The brochures cover all aspects relating to a market entry including the economic, financial and legal frameworks. The brochures are a vast knowledge pool, compiled into a practice oriented document with many tips and important addresses.
- CIA World factbook on India
- Indo-Belgian-Luxembourg Chamber of Commerce and Industry
- Indian Business Chamber of Luxembourg
- Doing Business in India
- Economic Freedom Index - India
- Das ist Indien
- L'Inde sur le site de l'AWEX
La Chambre de Commerce et le pays
- 29.02.2016 - 05.03.2016