India's view of the world · A factual referenceLast updated 12 May 2026 · Edition 04
COUNTRY RELATIONSHIP · HUNGARY
India & Hungary
EU MEMBERPHARMACEUTICAL COOPERATIONIT SECTOR PRESENCEENGINEERING TRADEGROWING BILATERAL
India and Hungary have maintained diplomatic relations since 1948, with the relationship historically anchored in the socialist-era contacts of the Nehru period and evolving into a modern partnership centred on pharmaceutical cooperation, engineering trade, IT services and growing people-to-people ties. Hungary is home to Gedeon Richter, a major pharmaceutical company with significant India-linked operations, and Hungarian-educated Indian engineers are a feature of bilateral human capital flows. As an EU member, Hungary provides a gateway for Indian companies into Central European markets.
COOPERATION AREAS
Where India and Hungary 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 for FY2023-24 from OEC and DGFT. Hungary is part of the EU single market; some trade may flow through Germany or Austria for administrative purposes.
~$1.8bn
Total bilateral trade in goods
~$1.1bn
India exports to country
~$0.7bn
India imports from country
Trade trajectory · USD bn
$1.8bnin FY24 · click a bar to compare years
TOP TRADED ITEMS
AGREEMENTS & MILESTONES
The relationship since 1948, in 7 dates
CURRENT STATE
Where things stand, 2026
The India-Hungary relationship is growing moderately, driven by pharmaceutical cooperation, IT services and growing people-to-people ties through the Indian medical student community. Trade volumes are on an upward trend. Hungary's position within the EU provides a platform for India's broader European commercial strategy. The relationship benefits from Hungarian government interest in economic diversification beyond Western European partners.
SIGNALS TO WATCH
On track / positive momentum
In progress / worth watching
Stalled or facing headwinds
Not yet started / unclear
QUICK FACTS
CapitalBudapest
Population9.7 million
RegionEurope
Diplomatic tiesSince 1948
Indian diaspora~8,000
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