India-Turkey Trade Relations
Amid efforts to restrict Turkish companies' involvement in critical infrastructure due to national security concerns, India's government shows reluctance to extend this restriction to trade, despite industry calls to ban certain imports from Turkey.
Trade Surplus with Turkey
- India maintains a $2.73 billion bilateral goods trade surplus with Turkey.
- India's exports to Turkey include industrial goods like engineering products, electronics, and chemicals.
- Turkey's exports to India are primarily fruits, nuts, gold, and marble.
- Petroleum product purchases from India by Turkey have declined significantly in FY25.
Calls for Import Bans
- Himachal Pradesh apple-growers and Udaipur marble processors have requested bans on Turkish imports.
- Concerns include subsidized Turkish apples affecting local economies and Turkey's political support to Pakistan.
Trade Data Highlights
- In FY25, India's exports to Turkey were valued at $5.72 billion, mainly from engineering goods.
- Imports from Turkey were $2.99 billion, with a significant increase in gold imports.
Impact of Geopolitical Tensions
- India canceled security clearance for Turkish aviation firm Celebi due to Turkey's support for Pakistan.
- Tourism from India to Turkey and Azerbaijan has decreased, impacting nearly 3 lakh Indian tourists in 2024.
Legal and Administrative Developments
- The Bombay High Court temporarily halted Mumbai Airport's decisions on ground services contracts due to Celebi's appeal.
