Germany seeks to strengthen ties with India to lessen dependence on China
Summary: German Chancellor Olaf Scholz is visiting New Delhi to improve market access in India, aiming to reduce Germany's reliance on China. This follows a record trade peak between the two countries in 2023, highlighting growing economic ties.
Despite challenges like bureaucracy and corruption, German companies are optimistic about India's potential. A recent study shows 82% expect revenue growth, and 59% plan to increase investments, up from 36% in 2021.
Scholz's delegation includes key ministers, and he will meet Indian Prime Minister Narendra Modi. German firms like DHL and Volkswagen are exploring significant investments in India, viewing it as a crucial market amid uncertainties with China.
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