India and Turkey have historically maintained diplomatic and economic relations, with bilateral trade reaching significant figures in recent years. However, recent geopolitical developments, particularly Turkey's support for Pakistan during the 2025 India-Pakistan conflict, have led to a deterioration in relations, impacting trade and investment between the two nations.

Bilateral Trade Overview

In the fiscal year 2023-24, India and Turkey's bilateral trade stood at approximately $10.4 billion. India's exports to Turkey included engineering goods, petroleum products, and pharmaceuticals, while imports from Turkey comprised crude petroleum, marble, and fresh apples. 

Decline in Trade Figures

Between April and February of FY25, India's exports to Turkey declined by nearly 15% year-on-year to $5.21 billion. Conversely, imports from Turkey fell by 17.25% to $2.84 billion. This decline reflects the growing strain in bilateral relations.

Impact of Operation Sindoor

The recent military operation, dubbed "Operation Sindoor," was launched by India in response to a terrorist attack in Pahalgam, which resulted in the deaths of 26 civilians. During this operation, Indian forces targeted terrorist infrastructure within Pakistan.

Turkey's support for Pakistan during this conflict, including the provision of drones used against India, has been a significant point of contention. Indian air defense systems successfully neutralized these drones, highlighting the country's enhanced defense capabilities. 

Calls for Import Bans

In light of Turkey's stance, Indian apple growers have urged the government to ban imports of Turkish apples, citing national security concerns and the need to support domestic agriculture. India imported approximately 160,000 tonnes of apples from Turkey in 2023-24, the highest quantity to date.

Public Sentiment and Boycotts

The Indian public's response has included calls for boycotting Turkish products and tourism. Social media campaigns have targeted Turkish Airlines and other Turkish businesses operating in India. 

Investment Relations

Turkish investments in India have totaled around $227.5 million from April 2000 to December 2023, while Indian investments in Turkey stand at approximately $200 million. The current diplomatic tensions pose risks to these investment flows and ongoing projects. 

Conclusion

The deterioration in India-Turkey relations, fueled by geopolitical disagreements and conflicting stances during regional conflicts, has led to tangible impacts on trade and investment. As both nations reassess their economic engagements, the future of their bilateral relations remains uncertain.

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