Trade between Armenia and India increased by more than 7 percent and amounted to $380 million in 2023. Armenian Deputy Minister of Economy Narek Teryan told this to reporters within the framework of the India-Armenia business forum in Yerevan on Thursday.

"Our [i.e. Armenia] main goal is not only to develop imports from India. We strive for our producers also to enter the huge Indian market, where there is a great potential for the selling of Armenian products; our producers are interested in it. We see potential for the development of relations between the two countries," the Armenian official added.