India is expected to soon announce a Free Trade Agreement (FTA) with Oman, its second pact with a Gulf nation after United Arab Emirates (UAE). Moneycontrol explains the bilateral trade patterns between India and Oman, as well as the potential sectoral gains due to the FTA. India-Oman’s $10 billion trade: Details Total trade between India and Oman stood at $10.61 billion in 2024-25, a growth of 18.6 percent on-year. India imported goods worth $6.55 billion from Oman, while exports to the Gulf nation stood at $4.07 billion, leading to a trade deficit of $2.48 billion in the previous financial year.…
India-Oman’s $10 billion trade poised for diversification after FTA
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