Joint Ventures, Tech Collaboration Can Help Narrow India's Trade Deficit with Qatar

The joint ventures in energy infrastructure, technology collaboration and cross-border investments can help reduce India's trade deficit with Qatar, think tank GTRI said on Sunday. India's trade with Qatar stood at USD 14.15 billion in 2024-25. The trade relationship remains heavily skewed toward energy imports with petroleum crude and gas products making up nearly 90 per cent of India's total imports from Qatar, the Global Trade Research Initiative (GTRI) said. India's exports to Qatar totalled USD 1.68 billion, while imports surged to USD 12.46 billion, producing a substantial trade deficit of USD 10.78 billion in the last fiscal. "The figures underscore the energy-centric nature of India's commerce with the Gulf nation, with hydrocarbons making up the bulk of inbound shipments," GTRI founder Ajay Srivastava said. Imports from Qatar were overwhelmingly composed of petroleum crude and gas products, amounting to USD 11.08 billion, about 88.9 per cent of the total imports.

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