Indian Economy News

India and Tajikistan Seek to Deepen Trade, Investment and Business Cooperation

India and Tajikistan have reaffirmed their commitment to strengthening bilateral economic relations during the 12th Meeting of the India-Tajikistan Joint Commission on Trade, Economic, Scientific and Technical Cooperation, held through video conference. Commerce Secretary Mr. Rajesh Agrawal highlighted the need to translate the strong political goodwill and longstanding friendship between the two countries into greater economic outcomes through enhanced trade, investment, market access, regulatory cooperation and business engagement. The meeting, co-chaired by Mr. Mohit Yadav, Joint Secretary, Department of Commerce, Government of India, and Mr. Nuriddinzoda Ahliddin Nuriddin, Deputy Minister of Economic Development and Trade of the Republic of Tajikistan, reviewed progress since the previous session and explored opportunities to deepen bilateral cooperation. India also highlighted its strong economic performance, with Gross Domestic Product (GDP) growth of 7.7% in FY26 and total exports estimated at Rs. 76.27 lakh crore (US$ 863 billion) during FY26, including merchandise exports of Rs. 39.06 lakh crore (US$ 442 billion) and services exports of Rs. 37.20 lakh crore (US$ 421 billion).

Both sides reviewed developments in bilateral trade and identified pharmaceuticals, healthcare, agriculture, food processing, services, energy and digital technologies as key areas for future cooperation. India’s exports to Tajikistan increased by 27.23% year-on-year to Rs. 513.65 crore (US$ 58.12 million) in FY26, led by drug formulations and biologicals, followed by pulses, industrial machinery, medical instruments, tea, Ayush products and refrigeration equipment. The two countries also discussed opportunities in information technology, tourism, innovation, start-ups, renewable energy, hydropower, mining, critical minerals, textiles, leather, logistics and banking services. Both sides agreed to strengthen regulatory cooperation, facilitate business-to-business engagement and address market-access issues to create favourable conditions for trade and investment. The meeting concluded with the signing of the Protocol of the 12th Session, reaffirming the commitment of both governments to deepen economic partnership and promote sustainable growth through stronger commercial and industrial cooperation.

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.