India’s Growth: Germany Eyes New Trade Path Amid China Concerns

German Vice Chancellor Robert Habeck sees India’s economic growth as a key opportunity for Germany to diversify its trade partnerships, reducing reliance on China. In recent talks, both nations agreed on initiatives in renewable energy, skilled migration, and green hydrogen, marking a new chapter in Indo-German relations.

India’s Growth: Germany Eyes New Trade Path Amid China Concerns
by Shukriya Shahi - October 27, 2024, 5:01 am

New Delhi [India], October 27 – German Vice Chancellor Robert Habeck has hailed India’s economic growth, calling it a strategic opportunity for Germany to reduce its dependence on China. Emphasizing the “deeply rooted democracy” and rapid economic growth in India, Habeck described India as an ideal partner for Germany’s trade diversification goals.

India as a “Valuable Partner” for Germany

During the 7th India-Germany Inter-Governmental Consultations in New Delhi, Habeck underscored India’s economic potential, stating, “India might be the partner of choice due to its growing economy and deeply rooted democracy.” He believes that India’s booming economy could serve as a reliable alternative to China for Germany’s trade and investment needs.

Strategic Discussions on Renewable Energy and Green Hydrogen

The German delegation, led by Chancellor Olaf Scholz, engaged with Indian counterparts in intensive discussions on several fronts, including renewable energy and green hydrogen. Both countries made progress toward shared goals in clean energy, aiming to strengthen their collaboration on sustainable initiatives.

Skilled Migration: A “Win-Win” for India and Germany

Germany’s Federal Minister of Labour, Hubertus Heil, highlighted the mutual benefits of skilled migration, noting Germany’s increasing need for skilled workers and India’s young, dynamic workforce. “The number of Indian workers in Germany has doubled in the last four years,” Heil noted, pointing out Germany’s efforts to streamline visa processes to attract Indian talent in critical sectors.

Deepening Ties Between India and Germany

Chancellor Scholz’s two-day visit, his third since assuming office in 2021, reaffirms Germany’s commitment to strengthening Indo-German relations. Co-chaired by Prime Minister Narendra Modi, the consultations marked another milestone in a partnership based on shared values and economic interests.