India and Spain established diplomatic relations in 1956 and have built a growing partnership anchored by trade, Spanish multinational investment in India, defence ties anchored by Airbus's India operations, and a shared commitment to renewable energy transition. Spain is a significant destination for Indian tourists and professionals in Europe, and the India-EU strategic partnership provides a wider framework for bilateral engagement. The relationship has gained momentum since the 2017 Strategic Partnership declaration.
COOPERATION AREAS
Where India and Spain actually work together
4 active areas of cooperation, as of July 2026. Click any card for the full brief.
TRADE & INVESTMENT
By the numbers
FY 2023-24 estimates. India has a modest trade deficit with Spain. Main Indian exports: engineering goods, pharmaceuticals, textiles. Main imports: aircraft, machinery, chemicals. Source: MEA, DGFT.
$8.2bn
Total bilateral trade in goods
$3.5bn
India exports to country
$4.7bn
India imports from country
Trade trajectory · USD bn
$8.2bnin FY24 · click a bar to compare years
TOP TRADED ITEMS
AGREEMENTS & MILESTONES
The relationship since 1956, in 7 dates
CURRENT STATE
Where things stand, 2026
The relationship is on a positive upward trajectory, with the C295 manufacturing deal as the most tangible recent milestone. Defence ties anchored by Airbus are the most commercially significant current engagement. The India-EU FTA negotiation process is the biggest structural opportunity for trade expansion. Renewable energy cooperation is gathering momentum.
