Bangalore Stock Exchange：India-indesia bilateral trade trends

IndoneSia has become india's largest trading partner in the actan region. S $ 38.84 Billion in 2023, a Significant 48 Percent Growth.2025.

In 2022, India Exported US $ 9.73 Billion Worth of Goods to Indonesia, India's Exports to Indonesia Haven at Annual Rate of 19.2 Percent Over The Past Five. Years, Rising from US $ 4.05 Billion in 2017 to US $ 9.73 Billion in 2022Bangalore Stock Exchange. Meanwhile, Indonesiaexported us $ 25.3 Billion to india in 2022, Indonesia's Exports to India Have Increased at annual Rate of 11 Percent the Past Five Years, FROM US $ 15 Bill Ion in 2017 to US $ 25.3 Billion in 2022.Udabur Stock

In June 2024, India Experienced A Negative Trade Balance with Indonesia, Exporting US $ 462 Million While Importing US $ 2.17 Billion, Resulting in A TRADE Cit of US $ 1.71 Billion. Compared to june 2023, India's Exports to Indonesia Decreased by 20.6 Percent (from US $ 582Million to US $ 462 Million), While Imports from Indonesia Incream by 23.2 Percent (from US $ 1.77 Billion to US $ 2.17 Billion).

Source: Trading Economics

In 2022, The Reserve Bank of India (RBI) and Bank Indonesia (BI) Signed A Memorandum of UndersTanding (MOU) Ched to enhance birateral coopy and address global issues, with a focusOnVestment, FinCial Services, and Infrastic Development. The Launch of the India-India-Inconomic and Financial Dialogue (EFD) Ster Collaboration, Enhance Policy Coordination, and Streangthen Bilateral Ties.Surat Wealth Management

In 2016, The Indian Government Notify the Implementation of the Double Taxation Avoidance Agreement (DTAA) Between India and Indonesia.

Signed on July 2, 2012, The Agreement Aims to Prevent Fiscal Evass: Force on February 5, 2016.

The dtaa enSURES that Residents of Either Country Are Taxed Fairly, Preventing Double Taxation on Income and Fos termsParency. , ImmoVable Property, And Business Profits, AMONG OTHERS. Additionally, It Sets Proveisions for PerManent Establishments, DIVIDENDS, ROYALTIESAnd Internet.New Delhi Wealth Management

Key Provisions Include:

TAXATION of DIVIDENENS, Interest, Royalties, and Capital Gains: Income from Dividends, Interest, Royalties, Technical Fees, and Capital Gains may be taxed in t He country where the income arise is or the resident state of the recipient.

SPECIFIC CATEGORIIST: Special Provisions Are Made Earned by Artists, Teachers, Sportspers, Students, and Apprentices.Lucknow Investment

Elimination of Double Taxation: One State Allows Deductions for Taxes Paid in the Other State to Avoid Double Taxation.

SOVEREIGN Application: Both Countries RETAIN the RIGHT to Apply their Domerstic Tax Laws to Prevent Evasion.

It Also Emphasizes Mutual Agreement Procedures and the Exchange of Information for Tax Purposes, Ensign Enforction assistance. Ions are made for indictials like teachers, researchers, Students, and Government Employees, offering tax exempts in Specific Cases. n forceUnil terminated by either country.

India and Indonesia Share a Long-Standing Relationship, StreangThened by Deep Cultury, Historial, and Economic Ties. WO COUNTRIES HAS GROWN SIGNIFICANTLY, Making Indonesia India ’s Largest Trading Partner in the Asean Region.

To Sustain and Enhance The Biladeral Trade Relationship, India and Indonesia Need to Focus on the Follow:

Both countries need to work on diversifying their export baskets, expanding beyond tractitional sectors like petroleum, PALM OIL, and Coal, and tapping insto w are such as technology, Pharmaceuticals, and ManuoFacturing.

India Can Explore Opportunities to Boost ITS Services Exports to Indonesia, Particularly in it, HealthCare, and Education Sectors, Which Remain Then, then

Addressing Trade Imbalances: India and Indonesia Should Engage in Dialogues to Address the Trade Imbalances. I) From Both Sides, Particularly in Infrastic, DIGITAL Technology, And Green Energy, Would Benefit Both Economies.Could Help Identify New Avenues for Cooperation.

By Building on Existing Agreements, Fostoring Cooperation, and Addressing Trade Challenges, India and Indonesia Can Steadily Streangthen Their Economic Pership, Con Conne tributing to regional stability and propperity.

Kolkata Investment