India and Singapore

India and Singapore are mutually important economic partners. Singapore is not just India’s most important trading partner amongst the ASEAN countries, but also significant as India’s gateway to ASEAN and China.

Singapore has maintained its position since last year as India’s largest export partner. India’s exports to Singapore grew by 80.01 per cent to reach US$ 3.82 billion in 2004-05, up from US$ 2.12 billion in the previous year.

Singapore has also climbed up one position from last year to now become the largest source of imports from ASEAN. India’s imports from Singapore were worth US$ 2.58 billion having grown by 23.94 per cent since last year.

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