Bilateral trade between India and Mongolia has nearly doubled in just one year, rising from USD 60 million in 2023 to USD 110 million in 2024. This significant growth reflects the deepening economic and diplomatic cooperation between the two nations, which have been celebrating 70 years of diplomatic relations and a decade of strategic partnership.

India’s Ambassador to Mongolia, Atul Malhari Gotsurve, stated that the surge in trade demonstrates a strengthening partnership across multiple sectors, including mining, renewable energy, and cultural exchange. “We are celebrating the 70th anniversary of India-Mongolia relations and the 10th anniversary of the strategic partnership. The two nations are spiritual siblings, linked through our shared Buddhist heritage,” he said.

He added that Mon

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