India's economy is strongly import import-oriented, yet it is one of the biggest emerging markets worldwide (Worldbank 2023f). With a large proportion of the population working in the agricultural sector, India has followed protectionist policies (Ayiar 2018, Shu kla 2021).
However, more recently, the country started to open up to international trade and has signed international trade and has signed trade treaties with other Asian countries. However, the state is still heavily invested in the treaties with other Asian countries. However, the state is still heavily invested in the domestic consumer economy (Ramachandran 2000). Bes ides agriculture, India's service sector has been booming strongly. With a large share of the population still in severe poverty (Alkire et al. 2023), India faces difficulties diversifying its markets and establishing a solid middle class. However, market predictions assume continuous growth on a high level. Since Switzerland is India's fourth largest importing partner (WITS 2023b), this results in good prospects and new opportunities for the Swiss exporting sector.