PM Modi Proposes $5 Billion India-Jordan Trade Target

Prime Minister Narendra Modi has proposed doubling India-Jordan bilateral trade to $5 billion over the next five years, signalling a renewed push to deepen economic engagement between the two countries. Addressing the India-Jordan Business Forum in Amman, Modi invited Jordanian businesses to leverage India’s strong growth momentum, large consumer base and stable policy environment to build long-term commercial partnerships.

High-Level Engagement at Business Forum

Prime Minister Modi and King Abdullah II jointly addressed the business forum, which was attended by Crown Prince Hussein and senior Jordanian ministers overseeing trade, industry and investment. The two leaders emphasised the need to strengthen business-to-business ties and urged industry leaders to convert existing potential into tangible economic outcomes. The engagement underscored the central role of private enterprise in driving the next phase of India-Jordan relations.

Trade Ambitions and Economic Complementarities

Modi highlighted India’s position as the fastest-growing major economy and its trajectory towards becoming the world’s third-largest economy. He noted that India’s growth, driven by productivity-led governance and innovation-focused policies, presents significant opportunities for global partners. King Abdullah II observed that Jordan’s extensive free trade agreements, when combined with India’s economic scale, could help create an economic corridor linking South Asia with West Asia and beyond.

Sectoral Opportunities for Collaboration

The Prime Minister identified multiple sectors for enhanced cooperation, including digital public infrastructure, IT, fintech, health-tech and agri-tech, and encouraged start-ups from both countries to collaborate. He pointed to India’s strengths in pharmaceuticals and medical devices and Jordan’s strategic geography, suggesting the potential to develop Jordan as a regional hub for West Asia and Africa. Additional opportunities were highlighted in agriculture, cold chains, fertilisers, infrastructure, automobiles, green mobility, renewable energy, desalination, water recycling, and heritage and cultural tourism.

What to Note for Exams?

• India-Jordan bilateral trade target proposed at $5 billion within five years.
• Jordan is India’s third-largest trading partner in the region.
• India is among the fastest-growing major global economies.
• Focus sectors include digital infrastructure, pharma, renewables and agri-tech.

Strategic Context and Long-Term Partnership

Modi underlined that India-Jordan ties rest on deep civilisational links and mutual trust, extending beyond short-term trade figures. He stressed that the objective is to build durable partnerships anchored in shared growth and prosperity. The forum also saw participation from business leaders across infrastructure, health, fertilisers, renewable energy, logistics, defence and manufacturing, reflecting broad-based interest in expanding bilateral economic cooperation.