| | SEPTEMBER 20234Germany is one of India's most important European partners, especially given the country's key role in the EU. Turning back the pages, India was among the first countries to establish diplomatic ties with the Federal Republic of Germany after the Second World War. The `Strategic Partnership' between the countries was further strengthened with the launch of Intergovernmental Consultations (IGC). India is among a select group of countries with which Germany has such a dialogue mechanism. Today, as the 4th and 5th largest economies in the world, respectively, Germany and India share a robust economic and developmental partnership.As far as the bilateral trade is concerned, Germany is currently India's 12th largest trading partner (in 2022-23). According to government data, India constituted about 1 percent of Germany's total foreign trade last year, while Germany constituted around 2.24 percent of India's foreign trade. India's bilateral trade with Germany has been experiencing continuous growth till the pandemic, reaching a peak of $ 24 bn in 2018-19. It remained almost stagnant throughout the pandemic-ridden years. In 2022-23, India's bilateral trade with Germany reached $ 26 billion. However, the balance of trade has been in favor of Germany. During his three-day visit to India, Germany's Vice Chancellor and Minister of Economic Affairs and Climate Action Robert Habeck said that India and Germany want to strengthen bilateral cooperation further and increase investments and collaboration among companies. India shares the sentiments as the country is riding a significant economic growth curve with a lot of momentum. In this issue, we feature some of the Indian leaders in Germany who have set the bar high for the rest of the aspirants to follow.Sujith VasudevanManaging Editoreditor@ceoinsightsindia.comA Growing Partnership in Europe Vol 04 · Issue 5 - 1 ·SEPTEMBER, 2023 Publisher Alok Chaturvedi Managing Editor Sujith Vasudevan NoidaRohit Raghubanshi Garima Anandadvertise@ceoinsightsindia.comEditorial queries editor@ceoinsightsindia.comAdvertising ManagersSatyarth Lashkari 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 Precision Fototype Services at Sri Sabari Shopping Complex, 24 Residency Road Bangalore-560025 and Published At No. 124, 2nd Floor, Surya Chambers, Old Airport Road, Murugeshpalya, Bangalore-560017.Copyright © 2023 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. Senior Designer Girish M Designer Hari Shankar P AVP - Sales & Marketing Amrit SinghCirculation Manager Magendran Perumal Editorial Team Hima P. M. Roshan Akthar P. Tejaswini Editorial
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