Madagascar

India and Madagascar have enjoyed maritime links since centuries. India has provided considerable aid and capacity building assistance to Madagascar.

Plenty of public and private sector investment in infrastructure development in Madagascar

No Government-imposed conditions on permission to invest

No restrictions on capital flow in and out of the country

Madagascar is a beneficiary of India’s Duty Free Preferential Tariff Scheme

US$ 351.26 mn
is value of Madagascar's exports to India in 2021-22

US$ 144.06 mn

value of Madagascar's imports to India in 2021-22

17,500
Overseas Indians living in Madagascar

Concurrent Accreditation The Mission in Madagascar also handles India's bilateral relations with Comoros

Strategically located

between Asia and Africa and on major maritime routes

5,000 km

of beaches and forests fauna and flora for tourism related businesses

Antsiranana

is one of the finest natural harbours in the world

Mining

opportunities in gemstones, industrial and decorative stones, oil, and rare metals

Energy

Abundance of rivers, wind and sun as sources of renewable energy

Trade

agreements and preferential treatment granted to Madagascar allows it unique access to American and European markets

India-Madagascar Bilateral Relations

A summary of the bilateral engagements between India and Madagascar.

India-Madagascar Bilateral Defence Agreement 2018

A bilateral Defence Agreement and the inauguration of Centre for Geo-Informatics Applications in Rural Development was taken up.

List of MoUs/Agreements signed during the State visit of President to Madagascar

The MoUs and Agreements signed were in the domain of Defence.

India's Exports and Imports to Madagascar

Source: Department of Commerce

Values in US $ Millions

S.No.	\Year	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022
1.	EXPORT	228.11	196.38	301.73	324.22	351.26
2.	%Growth		-13.91	53.65	7.45	8.34
3.	India’s Total Export	303,526.16	330,078.09	313,361.04	291,808.48	422,004.40
4.	%Growth		8.75	-5.06	-6.88	44.62
5.	%Share	0.08	0.06	0.10	0.11	0.08
6.	IMPORT	167.67	293.11	119.24	80.14	144.06
7.	%Growth		74.82	-59.32	-32.79	79.76
8.	India’s Total Import	465,580.99	514,078.42	474,709.28	394,435.88	613,052.05
9.	%Growth		10.42	-7.66	-16.91	55.43
10.	%Share	0.04	0.06	0.03	0.02	0.02
11.	TOTAL TRADE	395.78	489.49	420.97	404.36	495.31
12.	%Growth		23.68	-14.00	-3.95	22.49
13.	India’s Total Trade	769,107.15	844,156.51	788,070.32	686,244.36	1,035,056.45
14.	%Growth		9.76	-6.64	-12.92	50.83
15.	%Share	0.05	0.06	0.05	0.06	0.05
16.	TRADE BALANCE	60.44	-96.73	182.50	244.08	207.20
17.	India’s Trade Balance	-162,054.83	-184,000.33	-161,348.24	-102,627.40	-191,047.65

Note: Since 2006-07, Petroleum figures have been computed from Import Daily trade Returns (DTRs) to generate country-wise/port-wise tables. Up to 2005-06, consolidated petroleum import figures were being received from the Petroleum Ministry.