India and Uzbekistan set target to double bilateral trade within three years

The Economic Times reports that India and Uzbekistan have agreed to target a doubling of bilateral trade within the next three years, underscoring a strengthening of economic engagement between New Delhi and Tashkent.

India has been actively working to deepen ties with Central Asian nations, and Uzbekistan is a key partner in that outreach, with both countries sharing interests in connectivity, pharmaceuticals, textiles, and energy. The current bilateral trade figures remain modest by global standards, which is precisely why both governments see significant room for growth.

For India, expanding trade with Uzbekistan also supports the International North-South Transport Corridor and other connectivity initiatives that could link Indian goods to Central Asian and eventually European markets. For everyday Indian businesses — particularly in pharmaceuticals, IT services, and textiles — a doubling of trade with Uzbekistan would mean tangible new export opportunities in a region that has historically been underserved by Indian commerce.