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India and Oman inked a free trade agreement on Thursday in Muskat in order to increase economic cooperation between the two nations. Under the FTA, Oman has offered "zero-duty access" to on 98.08% of its tariff lines, covering 99.38% of India’s exports to the country. The agreement was signed during Prime Minister Narendra Modi's four-day, three-nation visit. Bilateral trade between the two nations amounted to $8.947 billion in fiscal year 2024 and increased to $10.613 billion in fiscal 2025. According to the agreement, all major labour-intensive sectors including gems and jewellery, textiles, leather, footwear, sports goods, plastics, furniture, agricultural products, engineering products, pharmaceuticals, medical devices, and automobiles will receive full tariff elimination. #pmmodi #india #oman #tariff For more videos subscribe to our channel: / @ndtvprofitindia Visit NDTV Profit for more news: https://www.ndtvprofit.com/ Don't enter the stock market unaware. Read all Research Reports here: https://www.ndtvprofit.com/research-r... Follow NDTV Profit here Twitter: / ndtvprofitindia , / ndtvprofit LinkedIn: / ndtvprofit Instagram: / ndtvprofit Facebook: / ndtvprofit