Economic, Trade and Finance Section

The Economic, Trade and Finance Section of the Swiss Embassy is covering a wide range of economic topics such as trade, financial policy, intellectual property rights, transport policy, trade & sustainable development, foreign investments.

In particular, the Section fulfils the following tasks:

  • It works at bilateral and multilateral level with the Indian government, private sector stakeholders, business associations, civil society organizations, academia and think tanks in order to facilitate collaborations, identify synergies and promote Swiss interest abroad.

  • It reports on important developments in the Indian economy, on fiscal and financial issues, on the government’s policy agenda and on new trends of special interest for Swiss stakeholders, in view of paving the way for policy making.

  • It supports Swiss companies facing regulatory and operational challenges while doing business in India whenever possible.

  • Generally, it aims at ensuring good framework conditions and ease-of-doing-business, to foster trade and investments, to facilitate access to the Indian market and to ensure a level playing field for Swiss companies in India.

Swiss Indian Bilateral Trade

India is a priority country of the Swiss foreign economic policy. It is currently the fastest growing emerging economy worldwide and offers a plethora of business opportunities for Swiss companies.

Switzerland’s investment flows in India amounted to USD 9.95 billion between 2000 and 2023 (rank #12) according to the Indian Ministry of Commerce and Industry; the International Monetary Fund (IMF) indicates that Swiss investments stocks in India amounted to USD 35 billion in 2021 (rank #7). Over 330 Swiss companies have invested in India, with a presence in various sectors such as MEM (machinery, electrical and metal), pharmaceutical, finance, construction, sustainable technologies and cleantech industry, as well as ICT services. According to the estimations of the Swiss National Bank, Swiss companies have created approximately 166’000 direct well-paid jobs in the country.

Nearly 140 Indian companies have invested in 180 entities in Switzerland, employing 5’000 persons. These companies are mostly present in the Zurich area and mainly active in the sectors of technology (32%) and life sciences (21%). According to the IMF, Switzerland is the 8th largest recipient of Indian FDIs stocks, amounting to USD 3.7 billion.

The bilateral trade in goods between India and Switzerland has been growing steadily over the last years, especially in favor of India (excluding gold and precious metals). In 2023, exports to India amounted to CHF 1.8 billion, while imports reached 2.6 billion, slight decrease by (-) 3.7% from 2022. The services sector grew of 9.5% since 2014, making India Switzerland’s 16th partner globally. Bilateral exchanges amounted to a total of CHF 17.7 billion in 2023. The tourism sector is historically strong between Switzerland and India and figures show clear signs of post-Covid recovery.

Several well-established intergovernmental dialogues exist between the two countries. The Joint Economic Commission meets regularly to discuss economic issues of mutual interest in presence of business representatives. In addition, dialogues on financial matters, intellectual property rights, rail transport and infrastructure financing are also open and ongoing.

India and the EFTA States (Switzerland, Norway, Iceland and Liechtenstein) have signed a Trade and Economic Partnership Agreement (TEPA) on March 10, 2024. This is the first comprehensive agreement concluded by India with European countries. While India is the biggest consumer market worldwide and a growing economy, EFTA States are leaders in innovation and major foreign investors. The TEPA will mutually benefit complementary economies. 


In December 2017, Switzerland and India signed a mutual agreement related to the introduction of the Automatic Exchange of Information (AEOI) in tax matters, on a reciprocal basis. It is implemented since January 2018, with a first exchange of data taking in autumn 2019. The signing of the Mutual Agreement with India confirms Switzerland's international commitment to implementing the AEOI standard, and that it is moving forward to strengthen its network of AEOI partner states.

Preventing corruption - information for Swiss business operating abroad

The State Secretariat for Economic Affairs (SECO) has published a brochure on corruption in international business transactions. The brochure can help companies to become familiar with related international conventions and applicable regulations of the Swiss criminal law.

It highlights the effects of corruption on businesses and proposes measures that can be taken to prevent and actively combat corrupt conduct. The legal terms are illustrated by different real-life scenarios.

The brochure was elaborated in cooperation with the International Chamber of Commerce (ICC) Switzerland, economiesuisse, Transparency International Switzerland, a.o.

A third, updated edition was published in November 2017. Download guidelines (PDF, 2.1 MB, English)