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1、 BUSINESS CLIMATE SURVEY FOR SWEDISH COMPANIES IN INDIA 2024 A REPORT FROM TEAM SWEDEN IN INDIA TABLE OF CONTENTS FOREWORD.3 ABOUT THE SURVEY.5 ECONOMIC OUTLOOK.6 THE MARKET.11 HOW SWEDISH COMPANIES SUCCEED IN INDIA.17 ACTING SUSTAINABLY.20 CONTACT US.24 KEY CONTRIBUTORS TO THIS REPORT Business Swed

2、en in India and South Asia Swedish Chamber of Commerce in India copyright 2022 Business Sweden FOREWORD FOREWORD India has taken center-stage and stepped into the spotlight.The country is currently riding the wave of the four big trends demographic dividend,de-globalisation,digitalisation and de-car

3、bonisation.A rapidly expanding middle class,intensified government spending on infrastructure,and geopolitical factors,spur the growth.As a result,India is estimated to be the worlds third largest economy by 2027.With a maturing governance process,and industry enhanced incentives,India is now well o

4、n its way to emerge as a preferred manufacturing and supply chain hub in Asia.The country is also progressively working on its sustainable development agenda and has ambitiously committed to reaching net-zero by 2070.India has always been a key destination for Swedish companies.More than 275 Swedish

5、 companies are now operating here across sectors such as Automotive&Heavy vehicles,Telecom,Engineering and Industrial Goods,Healthcare,Aerospace and Defense,IT and Digital and Retail.India provides the perfect breeding ground for international expansion,sourcing,and R&D opportunities.With more than

6、220,000 people employed directly and 2,200,000 indirectly,the Swedish companies are integrating themselves in this vibrant,diverse,and innovative country,building long-term,sustainable,and meaningful business.The business climate was perceived as good or very good by 72 per cent of the 195 companies