How many people in the Space faring, aircraft carrier, nuclear nation that is India ?
About 1.35 billion. With an average annual income of $1,670 in 2016.
The population of the EU is around 510 million. With an average annual income in 2017 of $21,340. (Highest income - Denmark, $43,454. Lowest - Bulgaria, $5,700.)
I know which I'd rather trade with.