Swedish companies have been operating in India for over 120 years, while half of the current 240 companies present have entered in the last twelve years. Together the company group employs more than 200,000 people directly and 2,200,000 indirectly.

In the post-pandemic environment, we see India taking more space in global value chains going forward, and the recently reinitiated discussion on a Free Trade Agreement between EU and India is one step in the right direction.

Majority of respondents (67 per cent) in 2022 survey indicated that they perceive the business climate in the India is Very Good/Good, while only seven per cent companies holding a more negative than a positive view.

Majority of surveyed Swedish companies in our sample report that the “Swedish brand” positively contributes to their business activities in India irrespective of the company size and industry sectors.

We hope that this report will give you a useful overview of the business environment in India, especially to you who have not yet entered the Indian market. We, in Team Sweden India, stand ready to welcome you!

Please download the report to fully overview the results with a detailed analysis. 


The Business Climate Survey is a tool developed to map the opportunities and challenges that Swedish companies face when doing business in India. This report presents the conclusions drawn from the survey and an analysis based on the current business situation, economic outlook, as well as other market aspects believed to be relevant for companies operating or planning to establish themselves in India.

All of the current 240+ Swedish companies in India were invited to participate in this survey. Out of the 240+ Swedish companies, 172 companies responded to the survey i.e a response rate of ~72 per cent was achieved.

Thank you to all of you who took the time to participate in the survey and contributed with your thoughts and experience.  And we trust you will find this report serves as a valuable as well as an informative tool.