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!