India, Saudi Arabia Sign $100 Billion Strategic Trade Pact

In a milestone event today, India and Saudi Arabia signed a sweeping new trade agreement designed to ramp up bilateral commerce to $100 billion by 2030, a leap from last year’s $52 billion tally. The accord unlocks long-term crude contracts for Indian refiners, accelerates Saudi investment in Indian digital and renewable sectors, and establishes a joint investment fund for logistics and supply chain upgrades. Central to the deal is advancing energy security—Saudi Arabia guarantees stable oil supplies for India, while Indian technology and service firms will play a heavier role in Saudi Vision 2030 projects.

Leaders from both nations highlighted a growing convergence on regional security, green hydrogen, and cross-border digital payments. Several Indian startups are already tapping into Saudi venture funding to export fintech and climate tech solutions. The agreement also lays out clear pathways for SME partnerships, coding talent exchanges, and new development zones—aiming to transform India-Saudi ties from purely transactional to deeply strategic.

Market observers hailed the deal for its focus on forward-looking sectors and high ambition, expecting it to attract additional collaboration from third-country partners in energy transition and digital trade. As the world absorbs the aftershocks of shifting US tariffs, this South-South partnership demonstrates how emerging economies can build new engines of growth beyond traditional trade corridors.