New Delhi (ABC Live): India–Singapore Trade 2025 has become a cornerstone of India’s Act East policy and Singapore’s global financial role. Bilateral trade is valued at US$34.3 billion (Ministry of Commerce, India), while Singapore remains India’s largest FDI source with inflows of US$174.9 bn (DPIIT). The recent visit of Singapore Prime Minister Lawrence Wong to
New Delhi (ABC Live): India–Singapore Trade 2025 has become a cornerstone of India’s Act East policy and Singapore’s global financial role. Bilateral trade is valued at US$34.3 billion (Ministry of Commerce, India), while Singapore remains India’s largest FDI source with inflows of US$174.9 bn (DPIIT). The recent visit of Singapore Prime Minister Lawrence Wong to India (2–4 September 2025) resulted in a new Comprehensive Strategic Partnership (CSP) Roadmap (MEA India).
India–Singapore Trade 2025: The Numbers
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Total bilateral trade (FY 2024–25): US$34.3 bn (Commerce Ministry)
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India’s exports: US$13.0 bn (mainly petroleum and engineering goods)
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India’s imports: US$21.3 bn (dominated by electronics and bullion)
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Trade deficit: widened to US$8.3 bn
FDI Flows in India–Singapore Trade 2025
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Cumulative Singapore FDI into India: US$174.9 bn (24% of total inflows) (DPIIT)
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Key sectors: IT, logistics, renewable energy, and real estate.
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Singapore has been India’s largest FDI contributor for six years running.
Digital & Financial Corridors Driving India–Singapore Trade 2025
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UPI–PayNow: Enabled over 6 million transactions worth US$850 mn in H1 2025 (RBI; MAS Singapore).
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NSE IFSC–SGX GIFT Connect: Daily turnover of US$12 bn, with 85% liquidity shifted to GIFT City (NSE IFSC).
Logistics & Green Shipping Corridors
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PSA Mumbai BMCT-II expanded to 4.8 mn TEU/year, India’s largest container terminal (PSA International).
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Green & Digital Shipping Corridor MoU (Sept 2025): Signed during PM Wong’s visit to cut dwell times and emissions (MEA India; MFA Singapore).
Leaders’ Statements on India–Singapore Trade 2025
Prime Minister Narendra Modi
“Singapore stands as a strong pillar of our Act East Policy. Our relations go far beyond diplomacy.” (PM India)
Prime Minister Lawrence Wong
“Singapore accounts for about a quarter of India’s FDI inflows. On this 60th anniversary, we launch an ambitious roadmap for the future.” (PMO Singapore)
Opportunities in India–Singapore
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Renewables: Joint ventures like Sembcorp–BPCL green hydrogen projects.
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Semiconductors: Packaging & OSAT collaboration under India’s PLI scheme.
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Healthcare & skills: Nursing training & education exchange programs.
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MSMEs: Use of UPI–PayNow for SME trade invoicing.
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Finance: New fund structures via GIFT–SGX Connect.
Why ABC Live is Publishing This Report Now
This report comes as U.S. tariff wars under Trump 2.0 disrupt global trade. India’s trade deficit with Singapore is growing, yet the September 2025 visit by PM Lawrence Wong has set a forward-looking roadmap to offset tariff shocks through efficiency, digital corridors, and green logistics.
How This Report is Unique Compared to Other Media
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Data-first: We provide verified trade, FDI, and digital transaction data.
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Analytical depth: Beyond MoUs, we explain how Singapore can reduce tariff impacts.
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Policy relevance: Shows how this partnership is a Global South model.
Conclusion
India–Singapore Trade 2025 is no longer just about goods—it is about digital, financial, and green integration. With US$34.3 bn trade and nearly US$175 bn FDI, Singapore is India’s gateway to ASEAN and global markets. The CSP Roadmap marks a new era where both nations align visions for a sustainable and secure Indo-Pacific.
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