Bilateral trade between India and the Maldives has grown significantly during the last seven years. Official figures reveal that trade volume increased from 223 million dollars in 2017-18 to 680 million dollars in 2024-25, a more than threefold increase.
India’s exports to the Maldives increased significantly, rising from $217 million in 2017-18 to $561 million in 2024-25. Imports from the Maldives also increased sharply, rising from $6 million to $119 million during the same period. This steady growth highlights the strengthening of economic ties between the two nations.
During his recent visit to the Maldives, PM Modi announced a fresh line of credit of Rs 4,850 crore to support development initiatives. He also revealed that discussions for an FTA have begun, which is likely to boost commercial opportunities. India also promised to cooperate in the sector of renewable energy, sharing its expertise with the island nation.
President Mohamed Muizzu invited PM Modi to join the Maldives’ 60th Independence Day celebrations as the Guest of Honour. His visit was a turning point in relations with the Muizzu government, which assumed office in 2023. The Maldives holds a strategic place under India’s Neighbourhood First strategy and MAHASAGAR vision, emphasising its relevance in maritime security and regional prosperity.
