India and Finland: diplomatic relations, bilateral trade of about USD 3.70 billion and a Strategic Partnership
Background
The Embassy of India in Helsinki records that the diplomatic relations between India and Finland was established in 1949.
Bilateral trade is given as approximately USD 3.70 billion in 2025-26, comprising USD 1.69 billion in goods and USD 2.01 billion in Services.
There are approximately 33,445 persons of Indian origin living in Finland, comprising around 15,115 Non-Resident Indians (NRIs) and 18,330 Overseas Citizens of India (OCIs).
Relations were elevated to a Strategic Partnership in Digitalization and Sustainability.
An MoU on Migration and Mobility Partnership was signed between the Ministry of External Affairs and the Finnish Ministry of Employment.
An MoU on cooperation in the field of statistics between the National Statistics Organisation and Statistics Finland has also been signed.
In plain words
OCI Overseas Citizen of India — A status granted to persons of Indian origin abroad giving them long-term entry and residence rights in India.
MoU Memorandum of Understanding — A written understanding between two parties setting out agreed areas of cooperation.