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What agreements did Oman and India sign to boost cooperation?
Oman and India signed multiple agreements, including an executive program, a Joint Maritime Vision Document, and four MoUs covering agriculture, skills, innovation, and scientific research. These agreements aim to activate cooperation across various economic sectors and foster stronger bilateral ties.
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How much is Oman-India trade worth now?
Bilateral trade between Oman and India reached $10.61 billion in 2024-25. This growth is driven by energy exports and non-oil commerce, reflecting a deepening economic relationship that benefits both nations.
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Why are energy and non-oil sectors important in this partnership?
Energy remains a key component of Oman-India trade, with oil and gas exports playing a significant role. Non-oil sectors like agriculture, scientific research, and innovation are also expanding, helping diversify trade and strengthen economic resilience.
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What does this mean for regional stability?
Stronger Oman-India ties contribute to regional stability by fostering economic cooperation and diplomatic engagement. As both countries work together, they help promote peace and stability in the Gulf and Indian Ocean regions.
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How does this partnership benefit India’s broader regional strategy?
India aims to diversify its trade partners and strengthen regional ties, especially in the Gulf. The Oman-India partnership aligns with India’s goal to expand its influence and secure new investment opportunities in the region.
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What future collaborations are expected between Oman and India?
Both nations have expressed optimism about future investments and expanded cooperation in sectors like energy, scientific research, and infrastructure. These collaborations are expected to grow, further deepening their strategic partnership.