Bigger India
Trade between India and Latin America reached $30 billion in 2016
The report estimates that trade between India and Latin America reached $30 billion in 2016, suggesting that there is great potential for economic ties to diversify and continue to grow in the medium term.
Through its Institute for the Integration of Latin America and the Caribbean (INTAL), the Inter-American Development Bank (IDB) has launched a new study, “Latindia: The Future of Cooperation between India and Latin America,” which covers issues such as export destination markets, strategic business areas, global value chains, productive synergies, and opportunities for market development between the two markets.