Mumbai: India-Pakistan trade has also come to a standstill as the relationship with Pakistan is over. In particular, the Attari-Wagah Corridor, which is a major route to the movement of goods, is now stalled. India’s trade is suffering more loss than Pakistan due to stopping business transactions. Apart from Pakistan, trade with Afghanistan is also likely to be affected.
India’s trade surplus with Pakistan has been built for a long time.
Despite the long -running tension between India and Pakistan, India’s export of goods to Pakistan reached a five -year high of $ 1.21 billion in 2024. Earlier, Pakistan’s export figure was $ 2.35 billion in 2018. Exports increased by 127 percent compared to 2023.
After the terrorist attack in Kashmir on 22 April, India’s relations with Pakistan have again deteriorated and the Indian government has sealed its borders with a diplomatic attack on Pakistan.
India’s trade surplus with Pakistan has long been built. Exports by India to Pakistan mainly include organic chemicals, soybeans, red chillies, pharma products, sweets, etc., while India imports items like apples, dried fruits, salt, cement from Pakistan.
After the Pulwama attack in 2019, India increased the import duty on all Pakistani goods to 200 percent, resulting in exports from Pakistan to India, which was $ 547.4 million in 2019, declined to $ 480,000 by 2024.
However, statistics show that India’s exports to Pakistan have increased by 300 percent from 2020 to 2024.
India’s export to Pakistan in the post 2024 reached the five -year highest level of $ 1.21 billion first appeared on News India Live | Breaking India News, The Indian Headline, India Express News, Fast India News.
