India's view of the world · A factual referenceLast updated 12 May 2026 · Edition 04
COUNTRY RELATIONSHIP · LATVIA
India & Latvia
EU MEMBERNATO MEMBERPHARMACEUTICAL EXPORTSIT SERVICES
India and Latvia established diplomatic relations in 1991 following Latvia's restoration of independence from the Soviet Union. The bilateral relationship is modest in scale but growing steadily, anchored by India's pharmaceutical exports — Latvia is among India's significant pharma markets in the Baltic region — alongside a growing IT services footprint, and the broader EU-India strategic partnership framework that gives Latvia a stake in EUIND engagement.
COOPERATION AREAS
Where India and Latvia actually work together
4 active areas of cooperation, as of July 2026. Click any card for the full brief.
TRADE & INVESTMENT
By the numbers
Approximate figures, FY 2023–24. Source: DGFT, Ministry of Commerce. India runs a significant trade surplus driven by pharmaceutical and chemical exports.
$298mn
Total bilateral trade in goods
$255mn
India exports to country
$43mn
India imports from country
Trade trajectory · USD bn
$0.298bnin FY24 · click a bar to compare years
TOP TRADED ITEMS
AGREEMENTS & MILESTONES
The relationship since 1991, in 6 dates
CURRENT STATE
Where things stand, 2026
The India-Latvia relationship is stable and gradually deepening, driven by pharmaceutical trade and growing IT sector engagement. Bilateral trade has grown steadily and India maintains a substantial trade surplus. The EU-India FTA negotiations, if concluded, would be the single most significant step toward deeper economic integration. Cultural and people-to-people ties are modest but positive.
SIGNALS TO WATCH
On track / positive momentum
In progress / worth watching
Stalled or facing headwinds
Not yet started / unclear
QUICK FACTS
CapitalRiga
Population1.8 million
RegionEurope
Diplomatic tiesSince 1991
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