Overview
- Oman will offer zero-duty access on about 98% of its tariff lines covering roughly 99% of India’s exports by value, while India will cut or remove tariffs on around 78% of its lines covering about 95% of Omani exports.
- Safeguards include tariff-rate quotas and exclusions for sensitive items, with products such as dairy, coffee, tea, gold and silver kept out of liberalisation.
- Labour‑intensive sectors including textiles, leather, footwear, gems and jewellery, engineering goods and pharmaceuticals are set to gain from improved market access.
- The pact expands services openings with wide commitments in IT, professional and business services, education and health, alongside easier mobility for Indian professionals and provisions enabling higher FDI in select services.
- Bilateral goods trade of roughly $10–11 billion in FY25 included Indian exports of about $4.1 billion and imports of $6.6 billion, and analysts expect the deal to revive trade momentum and support MSME-led exports with added energy import resilience.