India-Qatar FTA: GTRI report flags $10.78 billion trade deficit; says energy ties bedrock, but diversification needed

Commerce Minister Piyush Goyal’s Doha visit aims to finalize India-Qatar FTA terms. A GTRI report highlights India’s $10.78 billion trade deficit, heavily skewed towards Qatari energy imports. The report urges diversifying trade beyond hydrocarbons, recommending industrial partnerships, boosting Indian exports, and joint ventures to balance the relationship.