Economic ties
The economic relationship between Thailand and India has expanded significantly, driven by shared interests and regional cooperation.
According to Thailand’s Ministry of Foreign Affairs, bilateral trade reached US$17.7 billion in 2021, with Thailand exporting goods worth $8.1 billion and importing $9.6 billion worth from India. Both countries aim to raise trade to $35 billion by 2025.
India is also Thailand’s largest trading partner in South Asia, with key sectors including automobiles, machinery, jewellery, and chemicals driving this exchange.
Notably, the ASEAN nation is a significant source of India’s automobile imports, while India is a key supplier of…