- The ASEAN-India Free Trade Agreement (AIFTA) offers excellent business scope due to the free movement of goods, services, and capital. The AIFTA trade treaty has definitely boosted bilateral trade.
- The 10 member countries (Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand, and Vietnam) of ASEAN have a combined population of more than 600 million people.
- They have their own market appeal – with a large youth population, rising disposable incomes, and fast-expanding digital economies.
- ASEAN is also a growing consumer market, expected to have to 125 million households by 2025.
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