Indian Prime Minister Narendra Modi is expected to prioritize the completion of free trade agreements with Britain and Oman within the first 100 days of his potential third term, should he win the upcoming elections. This goal aligns with Modi's request for Indian ministries to establish annual objectives that contribute to a 100-day action plan, aiming to stimulate economic growth.
The trade ministry specifically intends to highlight the agreements with Britain and Oman, as negotiations for both deals are nearing completion. These objectives will be discussed on May 1st, amidst India's ongoing seven-phase election.
Modi has emphasized the importance of integrating India into global trade, and the trade ministry and Modi's office will make the final decision on the priorities. A spokesperson for Britain's department for business and trade confirmed that negotiations are ongoing, but declined to provide specific details.
India and Britain recently paused their two-year negotiations without reaching an agreement, but reaffirmed their commitment to a new pact that aims to double trade by 2030. Oman's trade with India has significantly increased in recent years, reaching $12.39 billion in the last fiscal year.