| | APRIL 20244The economic partnership between India and Denmark has steadily grown over the past decade. In the past five years, the trade corridor witnessed a remarkable upswing, with bilateral trade in goods and services escalating by 78 percent over five years, from $2.8 billion in 2016 to an impressive $5 billion in 2021. According to Denmark Statistics, this upward trajectory continued as the trade volume surged from $3.6 billion in 2020 to approximately $5 billion the following year. A breakdown of these figures reveals a robust increase in Indian exports, which climbed from $1.8 billion in 2020 to $2 billion in 2021. Concurrently, imports from Denmark experienced a significant rise, reaching around $3 billion in 2021, up from $1.8 billion the previous year. As per Denmark Statistics, the total volume of bilateral trade in goods and services between India and Denmark is around $ 5,3 billion in 2023 compared to around $ 6.64 billion in 2022, underscoring the dynamic and growing economic ties between the two nations.The opportunities are huge in Denmark's business realm, especially in the biopharmaceutical industry. The Danish pharmaceutical industry kept Denmark from falling into a recession last year. More investments are anticipated toward increasing production and distribution capabilities, particularly within the pharmaceutical sector, stimulating economic growth. Consequently, the projection for real GDP growth stands at an increase of 0.9 percent for 2024 and 1.6 percent for 2025. Notably, the estimate for 2024 reflects a downward adjustment from previous forecasts, whereas the outlook for 2025 has been maintained at the same level. In this special yearly issue, we shed light on some of the business leaders of Indian origin in Denmark. Do let us know your thoughts.Sujith VasudevanManaging Editoreditor@ceoinsightsindia.comDenmark is Clutching Pharma EditorialVol 05 · Issue 5 - 2 · APRIL, 2024 Publisher Alok ChaturvediSenior Designer Girish M Antony Arnold F Madhusmita Sahoo NoidaRohit Raghubanshi Garima Anandadvertise@ceoinsightsindia.comEditorial queries editor@ceoinsightsindia.comAdvertising ManagersPrerna Khera To subscribeVisit https://www.ceoinsightsindia.com/subscribe/ or send emailto subscription@ceoinsightsindia.comMagazine Price is Rs. 150 per issuePublisher Alok ChaturvediPrinted and Published By Alok Chaturvedi on behalf of Info Connect Web Technolo-gies India Pvt. Ltd., and Printed at Executive Prints- 113/7, Ground floor, Old madras road, Halasuru, Bangalore 560008 and Published At No. 124, 2nd Floor, Surya Cham-bers, Old Airport Road, Murugeshpalya, Bangalore-560017.Copyright © 2024 Info Connect Web Technologies India Pvt. Ltd., All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher.VP - Sales & Marketing Amrit SinghCirculation Manager Magendran Perumal Editorial Viswanathan A Keerthana Kantharaj Roopalatha H Hima P. M. Managing Editor Sujith Vasudevan
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