How to export to India in 2025
India is one of the fastest growing markets in the world. Its economy shows stable growth and its population exceeds 1.4 billion people. For Russian companies, this creates attractive opportunities for business expansion. It is therefore not surprising that exports to India from Russia are increasing every year.
Trade relations between Russia and India
The cooperation between Russia and India has a long history and continues to strengthen. The governments of both countries are actively working to simplify trade procedures and create favourable conditions for business. Mutual settlement mechanisms are being developed, including the use of national currencies, which reduces dependence on fluctuations of global currency rates. At the same time, intergovernmental commissions and business councils are being created to help establish contacts between entrepreneurs. This contributes to the development and complication of the structure of exports to India.
Peculiarities of the Indian market and customs regulations
India's customs legislation may seem complex to an unprepared exporter. Tariff rates for the import of different goods vary from each other and are periodically revised. Therefore, many people prefer to work through an agent to successfully operate in the local market. Such a partner can help you understand local regulations, product requirements and peculiarities of business culture.
Documentation for export
In order to export goods to India, a certain package of documents has to be prepared. Customs clearance usually requires:
1. Commercial invoice. It specifies full information about the goods, their cost, delivery conditions.
2. Packing list. It provides data on the contents of each package, gross and net weight.
3. Consignment note. Depending on the mode of transport, it may be a bill of lading for sea freight or an air waybill for air freight.
4. Certificate of origin of goods. It confirms the country where the goods were produced.
In addition, the Indian importer is required to have a valid Importer Exporter Code (IEC) to receive the shipment. For certain categories of goods, such as electronics, toys, certain foodstuffs and building materials, Indian law requires a certificate of conformity from the Bureau of Indian Standards (BIS).
Stages of organizing deliveries
The process of exporting products to India includes several sequential actions. The first step is to research the market, find a potential buyer or distributor and sign a foreign trade contract with him. All the terms and conditions of a deal, including the delivery basis in accordance with the international Incoterms rules, are specified in detail in the contract.
Next, the goods are prepared for shipment, packed and labelled in accordance with the requirements. At the same time, one prepares a full package of export and accompanying documents.
The next step is to select a carrier, organize logistics and insure the cargo. After the goods are dispatched, it is necessary to go through customs clearance in Russia and follow up customs clearance in India.
The final step is to receive payment for the goods delivered in accordance with the terms of the contract.
The prospects for exports to India in 2025 look very promising. The market capacity and the country's interest in a variety of products creates favourable conditions for Russian suppliers. At the same time, before entering the Indian market, it is necessary to deeply study local legislation, customs regulations, and product certification requirements. If entrepreneurs can manage all this, they will gain access to one of the largest and fastest growing markets in the world.