PassExport - Exporting Your Innovation to India

Ecosystem

27/10/2026

Let's head to India! Check out the key takeaways from the webinar organized with Business France in September.

First, a few figures...

3%

Share of Health Expenditures in GDP

3.29

millions of square kilometers in area

2nd

role in the global startup ecosystem

Why India?

Because India has: 

  • 1.46 billion people 
  • The world’s 4th-largest economy 
  • Strong growth 
  • 70% of the population is under 36 years old 
  • A $400 billion healthcare market, driven in particular by the hospital sector ($135 billion, +11% per year) 

The Healthcare Landscape in India

  • Life expectancy has risen sharply: 72 years, compared with 58 years in 1990.
  • A two-pronged health challenge: the persistence of communicable diseases and the sharp rise in chronic diseases (diabetes, hypertension, cancer, etc.), which account for 60% of deaths.
  • Digital technology at the heart of the healthcare system: more than 900 million digital health accounts created and the expansion of public telemedicine even to rural areas.

Regulations & Market Access

  • Registration with the CDSCO is mandatory, and the process can take approximately 9 months, depending on the device class.
  • The CE marking does not replace registration with the CDSCO, but may be used as supporting documentation as part of the procedure.
  • The free trade agreement between the European Union and India provides for the phasing out of tariffs over 10 years.

Setting Up a Business in India: What You Need to Know

  • France is the world’s fifth-largest supplier of medical devices to India, in a market where 80% of devices are imported.
  • Particularly promising segments: AI applied to medical imaging, diagnostics, and the management of chronic diseases.
  • Local support from Business France: market research, targeted matchmaking through Business Connect, and 25 staff members based in India—in Delhi, Mumbai, Bangalore, and Chennai.

A Few Extra Tips

  • In India, "yes" doesn't mean "I agree." It means "I understand." 
  • Trust is built before the contract, not during it 

And because a market of 1.46 billion people can’t be summed up in just a few lines, check out the full recording of the webinar, as well as the country fact sheet for India on G_NIUS!