PM Modi discusses boosting trade linkages, econ cooperation with Paraguay
This story was originally published at 21:52 IST on 2 June 2025
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NEW DELHI – In a meeting with President of Paraguay Santiago Pena, Prime Minister Narendra Modi discussed ways to improve economic cooperation, including unlocking "immense potential in boosting trade linkages". "We see sectors such as digital technology, critical minerals, energy, agriculture, health and space as key areas where our nations can work together," Modi said in a series of posts on social media platform X.
The two countries will also continue to work closely in areas like clean energy, green hydrogen and biofuels in line with a shared commitment to sustainability, the prime minister said. "We are also firmly committed to overcoming the menace of cybercrime, organised crime, drug trafficking and more," he added.
India currently has miniscule trade with Paraguay. In 2024-25 (Apr-Mar), India's total exports to Paraguay amounted to $180 million, 15% lower than FY24. India's imports from Paraguay were even lower, with inbound shipment worth $33.41 million in FY25, up 9.5% from the previous year. End
US$1 = INR 85.38
Reported by Priyasmita Dutta
Edited by Ashish Shirke
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