India and Singapore have a strong economic relationship, with over $30 billion in annual trade. Key exports from India include petroleum and pharmaceuticals, while Singapore exports electronics and machinery. The CECA agreement boosts trade, investment, and services.
Singapore is a major investor in India, especially in fintech and infrastructure, and both countries collaborate on smart cities and fintech initiatives like the UPI-PayNow linkage. Singapore also invests in Indian startups and supports India’s GIFT City project.
Both nations have strong defense ties, collaborate on cybersecurity, and share tourism and educational connections. They are also focusing on green energy projects and strengthening digital trade agreements.