This article covers trade between India and Austria, the main goods traded, investment in both directions, business visits and initiatives, and the economic agreements between the two countries. It is based on the MEA bilateral brief of April 2026, which takes its trade figures from Statistik Austria and its investment figures from the Austrian National Bank.

Trade in 2025

According to the MEA brief of April 2026, total bilateral trade for 2025 was USD 3.47 billion. Indian exports to Austria were USD 1.73 billion and imports were USD 1.74 billion.

Annual trade, 2021 to 2025

The brief gives the following annual figures (January to December) from Statistik Austria, in billion US dollars. They are presented from Austria's side, so Austria's imports from India correspond to Indian exports.

  • 2021: Austria's imports from India 1.18; Austria's exports to India 1.29; total trade 2.47.
  • 2022: Austria's imports from India 1.61; Austria's exports to India 1.23; total trade 2.84.
  • 2023: Austria's imports from India 1.52; Austria's exports to India 1.41; total trade 2.93.
  • 2024: Austria's imports from India 1.59; Austria's exports to India 1.48; total trade 3.07.
  • 2025: Austria's imports from India 1.73; Austria's exports to India 1.74; total trade 3.47.

Main goods traded

India's key exports to Austria are electronic goods, apparels, textiles, footwear, rubber articles, vehicles and railway parts, electrical machinery and mechanical appliances.

India's key imports from Austria are machinery, mechanical appliances, railway parts, and iron and steel.

Investment

According to the Austrian National Bank, as cited in the brief, India had received cumulative direct investment of 851 million Euros till 2024. India's investment in Austria stood at 982 million Euros till 2024.

India-Austria Startup Bridge

The India-Austria Startup Bridge was launched in February 2024, with the aim, in the brief's words, of encouraging "innovation and entrepreneurship between the countries". It was launched during the working visit to India of Austria's Federal Minister of Labour and Economy.

Ministerial business visits

Federal Minister of Labour and Economy Martin Kocher paid a working visit to India from 19 to 23 February 2024, accompanied by 38 Austrian companies. In New Delhi he had a bilateral meeting with Shri Piyush Goyal, Minister of Commerce and Industry, took part in the Raisina Dialogue and joined CII's Europe Business & Sustainability Conclave.

Minister of Finance & Corporate Affairs Smt. Nirmala Sitharaman visited Austria on 9 and 10 April 2025. She called on the Federal Chancellor of Austria and held bilateral meetings with the Federal Minister of Finance and the Federal Minister of European and International Affairs. She also held a bilateral meeting with the Federal Minister of Economy, Energy and Tourism and took part in a Business Roundtable.

During his visit to Austria in July 2024, the Prime Minister of India addressed an India-Austria Business Meeting. Earlier, Austrian Vice Chancellor Mr. Josef Pröll and Minister of Economy Dr. Reinhold Mitterlehner visited India from 17 to 20 February 2010.

Economic agreements in force

The brief lists the following economic agreements among those currently in force:

  • MoU between CII and the Austrian Federal Economic Chamber (WKO), November 1996.
  • MoU between FICCI and WKO, October 2003.
  • Double Taxation Avoidance Agreement, November 1999.
  • Bilateral Agreement on Promotion and Protection of Investments, November 1999.
  • Protocol amending the India-Austria Convention for Avoidance of Double Taxation, February 2017.

About these figures

The trade figures in this article are calendar-year figures in US dollars from Statistik Austria, as the brief gives them. The investment figures are in euros and are not broken down by sector.