India-France Trade and Defence Ties Strengthen with $20 Billion Bilateral Trade

The trade between India and France has grown to $20 billion, driven by strategic collaboration in defence and aerospace. France, now India’s second-largest defence supplier, accounts for 33% of India’s arms imports, with projects like Kalvari-class submarines and advanced jet engines showcasing deep technology transfer. The Horizon 2047 roadmap further emphasizes cooperation in space, nuclear energy, and climate change. Over 1,000 French companies operate in India, while Indian firms like Tata Technologies are investing in France. This partnership reflects a robust Indo-French alliance across technology, innovation, and economic growth.

Sources: Economic Times, Business Standard, ASPI Strategist, Indian Express