Question

why asean is important for india​

Answer 1

Answer:

ASEAN is India 's fourth largest trading partner.... 10.6% of India's overall trade India's expart to ASEAN stands at 11.28% of our total exparts the ASEAN India free trade Area has been completed.

Answer 2

Answer: For India, a strong relation with Asean is important for five reasons. First, as cost of production is lower in Laos, Cambodia, and Myanmar, it means that Indian firms can gain significantly by investing in these countries. Second, investing in these regions meant a bigger market for Indian firms. Asean region has a combined GDP of $2.7 trillion.