ASEAN is the world’s seventh-largest economy and could become the fourth-largest by 2050. The volume of trade and investment flows under the framework of ASEAN has subsequently accelerated as compared to earlier figures. In 2019 bilateral trade increased at an annual rate of 11.2 per cent, from US$ 2.9 billion in 1993 to US$ 12.1 billion in 2003. The total two-way trade increased by 8.4 per cent from US$73.63 billion in 2017 to US$79.83 billion in 2018. The ASEAN-India Framework Agreement on Comprehensive Economic Cooperation strengthens a strong foundation in establishing the ASEAN-India Free Trade Area (FTA). Thailand-India relations should strengthen in realizing the Sustainable Development Goals -2030 which also include the Mekong Ganga Cooperation. In the context of maritime security and maritime connectivity, Thailand and India cooperate for peace and prosperity in the region.

The future direction of Thailand-India relations under the framework of ASEAN sets a benchmark for significant contributions for an ever-flourishing comprehensive strategic partnership in the world. By implementing all the elements of comprehensive strategic partnership, Thailand-India relations will leap to greater height. Thailand and India should actively engage in building and shaping cooperation frameworks for peace, cooperation and development in the ASEAN region and the world.

—The author is a New Delhi-based international affairs researcher, writer and analyst