What moves on this corridor.
India exports → EU
USD 2.8B creative services annually — animation and VFX production services (Tata Elxsi, Technicolor India, Prime Focus Technologies — for EU studios); Indian film co-productions with EU partners; Indian music licensing (Saregama, T-Series) to EU streaming platforms; Indian digital content creation (YouTube, social media — EU audience); Indian fashion and textile design exported to EU fashion houses; Indian graphic design and art direction services to EU advertising agencies
Top India states: Maharashtra (Mumbai — Bollywood, advertising, music, streaming platforms), Karnataka (Bangalore — animation, gaming, VFX, digital content), Tamil Nadu (Chennai — Tamil film industry; South Indian VFX), Andhra Pradesh (Hyderabad — Telugu film industry; Ramoji Film City), Delhi (advertising, fashion design, digital media, music production)
EU exports → India
EUR 1.4B annually — EU luxury brand licensing to Indian manufacturers (premium leather goods, watches, fashion labels); EU music label licensing (Universal, Sony Music, Warner Music) for India streaming rights; EU film distribution rights in India (arthouse and streaming); EU animation co-production with Indian studios; EU art and design education institutions offering India partnership programmes
Top EU buyers: UK (BBC Studios, ITV co-production; London animation industry; British Music — PRS for Music), France (French National Cinema Centre CNC co-production; Cannes Film Festival India presence; French animation studios — Xilam Animation), Germany (German public broadcasters ZDF, ARD — India documentary co-production; Berlin Film Festival World Cinema section), Italy (RAI co-production treaty; Italian fashion IP licensing to Indian manufacturers; Venice Film Festival), Netherlands (IDFA Amsterdam — international documentary festival; Dutch animation studios)
Growth rate
+16% CAGR India animation/VFX (2019–2024) · Indian content on global streaming +40% CAGR · India music streaming 18B+ streams/month · Gaming content creation +35% CAGR
FTA duty impact
Creative services are primarily Mode 1 (digital delivery — 0%) and Mode 4 (artist/creative professional mobility — FTA CSS/ICT visa provisions). Physical goods: films on media (HS 8523): 0% (GATS). Printed matter (HS 4901–4911): 0–4.5% → 0% (Day 1 FTA). GI protection for creative GIs (Chanderi fabric designs, Madhubani paintings) under FTA — commercial premium for authentic Indian creative goods in EU.