SEYCHELLES

India-Seychelles Economic and Commerical Relations

General Trend of Trade with India

Trade between India and Seychelles has shown a marked decline from the estimated 3.5 per cent during the year 2000 to 1.4 per cent during 2001 and 2% in 2002. When viewed against the overall decline in Seychelles trade by 27%, there is only a marginal decline of trade with India in 2002 compared to the earlier highest figure of 3.5%. The figure got a boost (around 4%) on account of partial utilization of the EXIM Line of Credit for imports of TATA and Ashok Leyland buses in 2003.