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Explainer: India-Oman’s $10 billion trade poised for diversification after FTA

Faced with steeper US tariffs, the India-Oman FTA and additional deals with GCC nations could play a key role in diversifying Indian exports by reducing dependence on traditional buyers.

September 23, 2025 / 17:55 IST
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Total trade between India and Oman stood at $10.61 billion in 2024-25, a growth of 18.6 percent on-year.

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.

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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.