‘Impressive...’: Germany Hails India’s Growth Story, Sees Scope to Double Trade
Oct 23, 2026
Berlin (Germany), Oct 22, 2026 (ANI): Katherina Reiche, Germany's Federal Minister for Economic Affairs and Energy, said, “The growth story of India is impressive. Especially in the last decade, countless people in India have come out of poverty. India's middle class is growing fast, and I am convinced that India can carry on this development even further in the next couple of years. Your speed, your dedication to growth, and your willingness to lead the markets are tremendous. A gap still remains between the potential of our two economies and the volume of trade between us. Germany is India's biggest trading partner in the European Union. In 2025, we traded goods worth €31 billion. For two of the world's largest economies, that is not too much. India is not among Germany's top 20 trading partners, but I don't say this to sound pessimistic. We still have a lot of untapped potential. So, we need to do more, work together more successfully, and open the gates for more trade, more investment, and more industrial partnerships. We could at least double the current trade volume by setting out on a shared journey..."
