Modi to focus on strategic ties at ASEAN-India Summit as trade talks drag on
BusinessLine 3 hrs ago·12 Nov 2026, 2:59 pm
Prime Minister Narendra Modi is set to prioritize deepening strategic ties with individual ASEAN nations during the upcoming summit, even as a comprehensive trade agreement remains stalled. This shift suggests the government is looking to bypass the current deadlock and secure bilateral deals directly with Southeast Asian countries to boost commerce.
For investors, this move signals a strategic pivot in India’s foreign policy. While a broad regional trade deal would have been a major positive for the broader market, focusing on bilateral pacts offers a more immediate, albeit incremental, path to economic growth. It reflects a pragmatic approach to navigating complex diplomatic hurdles.
Market participants should watch for specific announcements regarding new bilateral trade facilitation measures. These could unlock new opportunities for Indian exporters and signal a more flexible stance on international trade, potentially boosting sentiment across the broader market.
Excerpt from BusinessLine
India looks to strengthen bilateral trade engagement with ASEAN members individually even as consensus on the bloc-wide trade pact remains elusive The ASEAN-India Trade in Goods Agreement (AITIGA) review process is taking time as developing a consensus among the 10 ASEAN members is a complex exercise, but India is…Read the original at BusinessLine
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- Category: Economy.
- AI reads the tone as positive (potentially bullish) for the stock.
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