India’s Prime Minister Narendra Modi congratulated Javier Milei on Monday for winning the presidential election in Argentina, a country with whom New Delhi’s bilateral trade stood at $6.4 billion last year.
Milei, a self-described “anarcho-capitalist”, pulled off a massive upset by ousting the populist Peronist coalition that has long dominated Argentine politics.
“Look forward to working closely with you to diversify and expand India-Argentina strategic partnership,” said a social media post by Modi, a populist leader who faces general elections slated for next year.
India is the fourth-largest trading partner of Argentina, according to New Delhi government statistics, with trade reaching a historic peak last year, up 12 percent on the year before.
Indian exports to the Latin American nation include agrochemicals, fabric, drugs and motorbikes, totalling $1.84 billion last year.
India’s $4.55 billion in imports from Argentina include vegetable oils, leather, cereals and chemicals.
Source: Barron’s
