A look at India’s trade deficit with ASEAN, likely to be discussed at Indonesia summit PM will attend

News Snapshot:

Last month, economic ministers from ASEAN countries and India agreed to review the ASEAN-India Trade in Goods Agreement (AITIGA) which was signed in 2009. A statement from the Indian government said this was to help make the pact “mutually beneficial”, especially since India’s trade deficit with the bloc stood at a whopping $43.57 billion in FY23. New Delhi: Even as India prepares to host the G20 Summit, Prime Minister Narendra Modi will make a quick visit to Indonesia for the 20th ASEAN-India Summit on 6 September where discussions about New Delhi’s asymmetrical trade with the 10-nation bloc are likely to...