Home » India’s PM Congratulates Argentina’s Milei on Election Victory
Business India News

India’s PM Congratulates Argentina’s Milei on Election Victory

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