Africa ¡ Country profile
Madagascar
India-Madagascar trade corridor: $17.6B bilateral trade, $7.2B FDI into India.
$17.6B
Trade with India
+4.1% YoY
$1.26T
GDP
Nominal
$7.2B
FDI into India
Cumulative
+$1.4B
Trade balance
India surplus
Top exports to Madagascar
- Electronics
- Marine products
- Engineering goods
Top imports from Madagascar
- Copper and ores
- Gold and precious metals
- Edible oils
Trade corridor with India
2025: $17.6B ¡ 5-yr CAGR 14.0%
Goods trade in USD billion, illustrative demo figures.
Latest Madagascar stories
Trade4h ago4 min read
India-Madagascar bilateral trade hits a new quarterly high
FDI7h ago5 min read
Madagascar investors commit fresh capital to Indian manufacturing
Policy10h ago6 min read
Revised tariff schedule for India-Madagascar goods notified
Technology13h ago7 min read
India and Madagascar deepen cooperation on digital and AI standards
Policy and tariff watch
| Measure | Change | Status | Date | Alert |
|---|---|---|---|---|
| Import duty on engineering goods | 3% to 1% | In force | Jan 2026 | |
| Rules of origin certification | Digital certificates mandatory | Notified | Mar 2026 | |
| Pharma regulatory recognition | Mutual recognition under review | Consultation | Jun 2026 | |
| Agri products SPS standards | Revised residue limits | Proposed | Sep 2026 | |
| Trade agreement round | Round 3 of negotiations | Negotiating | Dec 2026 |
Upcoming events and delegations
Forum
India-Madagascar Business Forum
Apr 2027 ¡ New Delhi
Delegation
Trade delegation to Madagascar
Dec 2026 ¡ Madagascar
Buyer meet
Madagascar buyers-sellers meet
Jan 2027 ¡ Mumbai
Policy
Joint working group on market access
Mar 2027 ¡ Virtual