India-Oman FTA: $1 Billion Trade Boost, Rivals Face Pressure

• India-Oman FTA could unlock nearly $1 billion in incremental trade, boosting Indian exports.
• The agreement, signed by PM Narendra Modi, aims to shift market share in India's favor by removing tariffs.
• Current duties up to 100% on some Indian goods entering Oman will be reduced, improving competitiveness.
• Pakistan, Malaysia, and Singapore face the strongest pressure, with nearly half their Oman exports at risk.
• China, EU, and US face limited proportional impact, but India gains in food, chemicals, engineering goods.

Why It Matters: India-Oman FTA promises significant trade growth and market share gains, challenging key rivals.