This article covers trade and investment between India and Romania: bilateral trade figures, the main goods traded in each direction, investment by Indian and Romanian companies, and the Joint Economic Committee that reviews economic cooperation. It is based on the MEA brief of May 2026, and all figures are as given in that brief.

Bilateral trade figures

According to the MEA brief of May 2026, India-Romania trade over the last five financial years was as follows. The figures are Department of Commerce, Government of India statistics in US$ million, and exports and imports are from India's side.

  • 2021-22: exports 592.74, imports 263.10, total 855.84, trade surplus 329.64
  • 2022-23: exports 744.44, imports 562.21, total 1306.65, trade surplus 182.23
  • 2023-24: exports 1780.00, imports 1200.80, total 2980.80, trade surplus 579.20
  • 2024-25: exports 1035.93, imports 410.18, total 1446.11, trade surplus 625.75
  • 2025-26: exports 974.77, imports 250.70, total 1225.47, trade surplus 724.07

What India exports to Romania

The brief describes India's exports to Romania as a diverse basket reflecting the complementary nature of bilateral trade. Key export items include:

  • petroleum products and engineering goods
  • drugs and pharmaceuticals
  • ceramic products and glassware
  • man-made yarns and fabrics, and ready-made garments and textiles
  • organic and inorganic chemicals, and plastics and linoleum products
  • electronic goods
  • mica, coal and other ores
  • oilseeds, fruits and vegetables, rice, marine products, tobacco and coffee
  • leather and leather products, and gems and jewellery

What India imports from Romania

India's imports from Romania mainly consist of industrial and intermediate goods for the manufacturing and infrastructure sectors. The brief lists machinery and boilers; electrical and electronic equipment; optical and precision instruments; mineral fuels, oils and distillation products; animal or vegetable fats and oils; cereals; rubber products; iron and steel and articles of iron and steel; plastics; wood and articles of wood; wool and animal hair; and vehicle parts and components.

Indian investment in Romania

Indian investments in Romania are estimated in the brief to be in the range of USD 1-1.5 billion, which the brief says makes India one of the significant Asian investors in the country. Indian companies operate mainly in IT services, manufacturing, pharmaceuticals, healthcare and industrial sectors.

Major Indian companies present in Romania, as named in the brief, include:

  • Wipro and Wipro PARI
  • Infosys Consulting SRL
  • Dr. Reddy's Laboratories
  • Genpact Romania SRL
  • HCL Technologies Romania SRL
  • Tata Consultancy Services (TCS)
  • Liberty Galați SA
  • Thakral Group, FERCO Group and Prime Healthcare
  • Transdanube Trading SRL and Evalueserve

The brief states that these investments contribute to employment generation, technology transfer and the integration of Romania into global service and manufacturing networks.

Romanian investment in India

The brief describes Romanian investment in India as modest in comparison, with cumulative investments estimated at approximately USD 13.17 million. Romanian companies such as Hanna Instruments Romania SRL, Omnia Professional SRL, FSS Activ Group SRL, Vard Tulcea and STX RO Electroturlcea SRL have business engagements or investment interests in India, in industrial equipment, services and manufacturing. According to the brief, no major new Romanian investments in India have been recorded in recent years.

The Joint Economic Committee

The main economic mechanism is the India-Romania Joint Economic Committee (JEC). The brief records three recent sessions:

  • The 17th session, of the India-Romania Joint Committee for Economic Cooperation, was held in Bucharest on 1-2 February 2012. It was led by the then MoS for Commerce & Industry, Shri Jyotiraditya M. Scindia, and Mr. Ion Ariton, then Minister of Economy, Trade and Business Environment.
  • The 18th Session was held in New Delhi on 7 April 2017, and the two sides signed a Joint Protocol after the meeting.
  • The 19th Session was held in Bucharest on 5 November 2025, led by Mr. Jitin Prasada, MoS (Commerce & Industry), and Mr. Radu-Dinel Miruta, Minister of Economy, Digitalization, Entrepreneurship and Tourism of Romania. A Joint Protocol was again signed.

During his visit to Romania from 3-7 November 2025, Mr. Prasada also met Ministers responsible for Energy, Investments & EU Projects, Labour and Foreign Affairs, and the State Secretary of the Ministry of Transport.

Other economic agreements and visits

A Double Taxation Avoidance Agreement (DTAA) was signed during the visit of Foreign Minister Mr. Titus Corlățean to India in March 2013. In April 2013, Romanian Minister-Delegate for SMEs, Business Environment and Tourism Ms. Maria Grapini visited India.