The Indian market with its one billion plus population, presents lucrative and diverse opportunities for U.S. exporters with the right products, services, and commitment. India’s requirements for equipment and services for major sectors such as energy, environmental, healthcare, high-tech, infrastructure, transportation, and defense will exceed tens of billions of dollars in the mid-term as the Indian economy further globalizes and expands. As per the revised estimates released by Central Statistical Organization (CSO), India’s GDP growth for FY 2016-17 was 7.1%. With expected continuance of the government’s liberal policies and with soon to be implemented Goods and Services Tax (GST), India has potential for a sustained high growth for the next couple of years and the U.S. companies must seize the opportunities to enter the rising Indian market.

India is already a major renewable energy market (with the sixth largest renewable energy capacity) despite fossil fuels still accounting for 75 percent of its energy mix. A new national government commitment to clean energy should facilitate growth over the next several years. According to ITA’s projections, only two markets will install more renewable energy capacity through 2017 than India – China and Japan. To learn more about India as a top U.S. renewable energy export market, click here.

For the administration of Indian Prime Minister Narendra Modi, the largest and most perplexing challenge is arguably addressing India’s significant need for power. India currently is home to 18 percent of the global population, but only accounted for 5.7 percent of the global energy demand in 2013. India runs at an average energy deficit of 5 percent with values as high as 25 percent in some regions, leading to daily rolling brownouts, hampering economic growth and limiting foreign investment in the country. The July 2012 blackout that affected 620 million people was, for example, seen as a global embarrassment and remains a politically contentious topic to this day. To learn more about India as a top U.S. smart grid export market, click here.

U.S. Commercial Service India

Our eCommerce Innovation Lab helps U.S. exporters overcome common cross-border e-commerce challenges. Visit this page for a list of their commonly used resources, including:

1. A 50-state listing of website developers who can prepare your website for global sales
2. A free tool to look up country tariff information for shipments originating in the United States
3. A list of free online tools and APIs for optimizing your website for ecommerce

Visit our eCommerce Export Resource Center for other helpful articles and tools, such as over 120 eCommerce Country Commercial Guides, exporting APIs, business success stories, and more!

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The Global Energy Team of the U.S. Commercial Service is dedicated to enhancing the global competitiveness of the U.S. energy industry, expanding market access, and increasing exports. To learn more about you how you can receive assistance in finding market intelligence, developing your export strategy, connecting with international buyers, or support at trade events, contact your Local Trade Specialists in one of our 100 U.S. Export Assistance Centers around the U.S. Visit our Energy webpage or follow us on Twitter.

Questions about the Energy Update: Contact Danielle Caltabiano.