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Escalating US-China Tariffs Prompt German Firms to Invest in India

A KPMG survey shows nearly eight in ten German firms intend to invest in India by 2030 after India avoided major US or Chinese tariffs.

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Overview

  • Half of surveyed firms expect that the US-China rivalry will benefit their business in India.
  • Forty-seven percent fear that Indian competitors could surpass them within five years.
  • Fifty-six percent plan to establish production facilities in India by 2030 for regional markets.
  • Sixty-eight percent rank India among their five most important markets.
  • More than one third aim to invest over €5 million in India by 2030.