India Pursues Free Trade Deal with Gulf Countries
ECONOMY & POLICY

India Pursues Free Trade Deal with Gulf Countries

India is actively engaged in negotiations to establish a free trade agreement (FTA) with Gulf countries, aiming to enhance economic cooperation and strengthen trade ties. This move comes as part of India's broader strategy to diversify its trade partners and expand its economic outreach in the Gulf region.

The FTA negotiations between India and Gulf countries are expected to unlock new opportunities for trade and investment, leading to substantial economic benefits for both sides. Currently, bilateral trade between India and Gulf countries stands at around $120 billion and is poised for further growth with the conclusion of a comprehensive FTA.

An FTA with the Gulf countries holds several advantages for India. Firstly, it would provide Indian businesses with increased market access, allowing for greater export opportunities and the expansion of key sectors such as pharmaceuticals, textiles, and engineering goods. Furthermore, it would attract foreign direct investment (FDI) into India, contributing to job creation and technological advancements.

Additionally, the FTA would foster closer ties between India and Gulf countries, improving geopolitical relations and providing a platform for enhanced cooperation across various sectors, including energy, infrastructure, and tourism.

India's efforts to forge an FTA with Gulf countries align with its "Look West" policy and the government's commitment to promoting international trade and investment. It also seeks to reduce its dependence on traditional partners and explore new markets for its goods and services.

While negotiations are ongoing, both sides have shown a strong commitment to reaching a mutually beneficial agreement that addresses concerns and interests on key issues such as tariff barriers, non-tariff measures, and intellectual property rights protection.

This pursuit of an FTA comes at a time when the global trading landscape is witnessing significant transformations. Many countries are seeking to establish new trade alliances and strengthen existing ones to boost economic growth and reinforce their positions in the global market.

India's focus on fostering stronger economic ties with Gulf countries is strategically important, considering the region's immense economic potential and its significance as a source of energy and investment.

In conclusion, India's proactive stance in pursuing an FTA with Gulf countries underscores its commitment to expanding its economic horizons and strengthening trade ties within the Gulf region. The potential benefits of such an agreement are considerable, opening up new avenues for trade, investment, and collaboration for India and Gulf countries alike.

India is actively engaged in negotiations to establish a free trade agreement (FTA) with Gulf countries, aiming to enhance economic cooperation and strengthen trade ties. This move comes as part of India's broader strategy to diversify its trade partners and expand its economic outreach in the Gulf region. The FTA negotiations between India and Gulf countries are expected to unlock new opportunities for trade and investment, leading to substantial economic benefits for both sides. Currently, bilateral trade between India and Gulf countries stands at around $120 billion and is poised for further growth with the conclusion of a comprehensive FTA. An FTA with the Gulf countries holds several advantages for India. Firstly, it would provide Indian businesses with increased market access, allowing for greater export opportunities and the expansion of key sectors such as pharmaceuticals, textiles, and engineering goods. Furthermore, it would attract foreign direct investment (FDI) into India, contributing to job creation and technological advancements. Additionally, the FTA would foster closer ties between India and Gulf countries, improving geopolitical relations and providing a platform for enhanced cooperation across various sectors, including energy, infrastructure, and tourism. India's efforts to forge an FTA with Gulf countries align with its Look West policy and the government's commitment to promoting international trade and investment. It also seeks to reduce its dependence on traditional partners and explore new markets for its goods and services. While negotiations are ongoing, both sides have shown a strong commitment to reaching a mutually beneficial agreement that addresses concerns and interests on key issues such as tariff barriers, non-tariff measures, and intellectual property rights protection. This pursuit of an FTA comes at a time when the global trading landscape is witnessing significant transformations. Many countries are seeking to establish new trade alliances and strengthen existing ones to boost economic growth and reinforce their positions in the global market. India's focus on fostering stronger economic ties with Gulf countries is strategically important, considering the region's immense economic potential and its significance as a source of energy and investment. In conclusion, India's proactive stance in pursuing an FTA with Gulf countries underscores its commitment to expanding its economic horizons and strengthening trade ties within the Gulf region. The potential benefits of such an agreement are considerable, opening up new avenues for trade, investment, and collaboration for India and Gulf countries alike.

Next Story
Technology

Atlas Copco Unveils Innovation Centre in Pune for Smart Manufacturing

Atlas Copco Tools has inaugurated its first Smart Factory Innovation Centre in India, a cutting-edge facility in Pune designed to showcase advanced technologies powering Smart Integrated Assembly ecosystems. The centre will serve as a hub for businesses across automotive, aerospace, electronics, heavy machinery, and manufacturing sectors to explore automation and smart manufacturing solutions for zero-defect production.The Innovation Centre offers hands-on demonstrations of the latest torquing and dispensing technologies, highlighting software-driven solutions that optimize efficiency, enhance..

Next Story
Resources

Elite Elevators Unveils India’s First Fully Customizable Home Elevator

Elite Elevators, a leader in the premium home lift segment, has launched Elite Elevators Bespoke—India’s first fully customizable luxury home elevator. The launch event, held at the company’s Chennai headquarters, showcased how the new offering redefines residential mobility by integrating state-of-the-art technology with personalized design.Speaking on the launch, Vimal Babu, Founder and CEO, Elite Elevators, said, “At Elite Elevators, our mission has always been to revolutionize home mobility with world-class innovations. Through its enhanced customizable features, our Bespoke elevat..

Next Story
Real Estate

Under-Construction Homes Now Costlier Than Ready-to-Move Properties

Under-construction (UC) homes are now more expensive than ready-to-move (RTM) properties across major Indian metros, according to the latest insights from Magicbricks.In Delhi, UC homes are priced at Rs 25,921 per sq. ft., surpassing RTM properties at Rs 18,698 per sq. ft. Similarly, in Gurugram, UC homes cost Rs 17,185 per sq. ft., compared to Rs 14,617 per sq. ft. for RTM properties.Mumbai, India’s costliest real estate market, has also seen a sharp rise, with UC home prices soaring 33.4 per cent Y-o-Y in Q1 2025 to Rs 32,371 per sq. ft., while RTM properties stand at Rs 28,935 per sq. ft...

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?