ISAS Insights

There has been a significant growth in bilateral trade between the Association of Southeast Nations (ASEAN) and India in the last decade. Between 1993 and 2003, the growth rate of this trade was 11.3 per cent per annum, and this has grown to 21.3 per cent per annum in the last decade (2001-2010). Over this period, Foreign Direct Investment (FDI) flows have amounted to US$ 18.3 billion from ASEAN countries into India. In 2010 alone, the inward flow into India was US$ 3.4 billion.