Thailand to boost trade with India

The Commerce Ministry is joining forces with the government’s Team Thailand to boost economic growth by tapping into the vast potential of India. The aim is to boost exports to India by an impressive 4% this year.

Deputy Commerce Minister Napintorn Srisunpang highlighted the allure of the Indian market, citing its robust economic growth, resilient domestic consumption, and active industrial activity. He pointed to substantial investments from both public and private sectors, particularly benefitting real estate, construction, and automotive industries.

However, not one to gloss over challenges, Napintorn acknowledged certain obstacles. The looming threat of high inflation, driven by escalating food costs and a decline in household spending, poses a considerable hurdle.

Furthermore, he underscored the risks associated with non-tax measures,…