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India and ASEAN’s Rapidly Growing Economies Ally to Accelerate

The long-lasting relationship between India and the Association of Southeast Asian Nations (ASEAN) has been beneficial to both nations. Between 2000 and 2017, there was over $514.7 billion worth of ASEAN investment flowing into India. In 2015-16, India's exports to ASEAN were valued at $25 billion, with imports at $40.6 billion. Today, India and the Philippines, a member of ASEAN, are projected to be the two fastest growing economies in the world in 2018, boasting growth rates of 7.4% and 6.7%, respectively. The cumulative growth of the “ASEAN-5” comprising Indo...

 

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