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CNBC TV1812-12-2025, 23:50

India confident of Oman trade deal during PM Modi's Gulf visit

  • India is "very optimistic" about finalizing a trade deal with Oman during PM Modi's upcoming visit.
  • PM Modi will visit Oman from December 17-18 as part of a four-day trip to Jordan, Ethiopia, and Oman.
  • The proposed India-Oman comprehensive economic partnership agreement aims to significantly deepen economic ties.
  • Oman is willing to transfer spare parts of its retired Jaguar fighter jets to India.
  • Bilateral trade between India and Oman for 2024-2025 stands at $10.61 billion.

Why It Matters: India deepens economic and strategic partnerships across Gulf and Africa.

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