Why Latin America

  • Latin America is a large market of 600 million people, with a combined GDP of $6 trillion and imports worth around a trillion dollars
  • The economies of the region are more stable with GDP projected to rebound by a modest 3.7% in 2021.
  • In trade, Latin American countries have overtaken India's neighbours and more traditional trading partners.
  • India's exports increased from $10.04 billion dollars in 2010 to $13.18 billion in 2019-20.
  • Indian goods have become competitive in Latin America with potential to increase India's exports to about $20 billion dollars in the next five years.