India-Singapore bilateral trade reached $35.6bn in FY 2022-23, making Singapore India's 8th largest trade partner.
India-Singapore bilateral trade increased 18.2% in FY 2022-23 to $35.6bn, making Singapore India's 8th largest trade partner with a 3.1% share. This growth is attributed to a strong economic relationship between the two nations, with FDI equity inflows from Singapore to India reaching $17.2bn, representing 23% of total FDI flows into India. The countries also collaborate in strategic areas including technology, AI, and green energy.
April 06, 2024
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