Over the past decade, the AEP has yielded some substantial outcomes on trade and economic cooperation, connectivity and infrastructure, maritime security, capacity building, energy and environment, and health and pandemic response, among other sectors. During opening remarks at the 21st ASEAN-India Summit in Vientiane, Lao PDR in October 2024, Modi stated, “Over the past decade, this initiative has revitalized the historic ties between India and ASEAN countries, infusing them with renewed energy, direction, and momentum.”

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Since the launch of the Act East Policy, India’s bilateral trade with ASEAN has witnessed significant growth—rising from $65 billion in 2015 to $131 billion by 2023. India’s exports to the region also increased notably, climbing from $31 billion in 2016 to $44 billion in 2022. Despite this upward trend, the overall trade volume continues to fall short of its full potential. Moreover, as of 2024, India continues to face a trade deficit with ASEAN, which stands at approximately $43 billion, underscoring the need for more balanced and diversified economic engagement.

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