According to nan Ministry of External Affairs (MEA) data, India’s bilateral waste and acquisition pinch Turkiye successful FY2023-24 stood astatine $10.43 billion, pinch India’s exports to nan state was astatine $6.65 cardinal and import astatine $3.78 billion. India was nan 3rd largest destination for Azerbaijan’s crude lipid successful 2023.
The ongoing hostility betwixt India and Pakistan is group to effect nan Indians travelling to Turkiye and Azerbaijan, who person expressed support to Pakistan amid hostility connected nan border. Tourism is conscionable 1 of nan $12 cardinal waste and acquisition these countries person pinch India.
According to nan Ministry of External Affairs (MEA) data, India was nan 3rd largest destination for Azerbaijan’s crude lipid successful 2023. India accounted for 7.6% of Azerbaijan’s full crude lipid export worthy $1.227 billion.
“India’s bilateral waste and acquisition pinch Azerbaijan has accrued substantially from astir $50 cardinal successful 2005 to $1.435 cardinal successful 2023, pinch India becoming Azerbaijan's seventh largest trading partner. During nan year, India’s import from Azerbaijan were $1.235 cardinal and exports were $ 201 million,” according to nan charismatic data.
India’s economical engagement pinch Türkiye has acquired caller momentum successful caller years pinch sizeable summation successful India-Türkiye trade, which crossed $13.80 cardinal successful 2022-23. India’s bilateral waste and acquisition pinch Turkiye successful FY2023-24 stood astatine $10.43 billion, pinch India’s exports to nan state was astatine $6.65 cardinal and import astatine $3.78 billion, it said.
“Total FDI from Turkiye to India stood astatine $227.5 cardinal for nan play April 2000-December 2023 and full Indian finance successful Turkiye stood astatine astir $200 cardinal for nan play August 2000-March 2024,” says DPIIT.
The 2 countries person seen immense jump successful Indian visitors successful nan past year. According to nan data, Azerbaijan received 117,302 visitors from India successful 2023, which is astir double nan number of tourer arrivals successful 2022 (60,731). In 2024, 243,000 Indian visited nan country.
There is simply a nonstop formation connectivity betwixt Delhi and Baku, pinch 10 flights a week – 7 operated by Indigo and 3 by Azerbaijan Airlines. India is now nan 4th largest root of visitors for Azerbaijan aft Russia, Türkiye and Iran. Turkey saw a 20% jump successful Indian travellers. As galore arsenic 3.3 lakh Indian visitors visited Turkey past twelvemonth which was 20.7 percent much than 2023 erstwhile 2.74 lakh Indians had visited nan country.
Several of nan edifice and tourism platforms person requested Indians to debar unnecessary recreation to nan 2 countries and immoderate person stopped taking further bookings.
Published on: May 10, 2025 1:49 PM IST