India is not a country that often comes to mind when we think of Peru. In fact, though both are emerging economies there hardly are any bilateral cooperation between the two countries so far. All that might change in the coming years as both the countries have expressed their wishes to increase trade and cultural relations.
India’s Vice President Hamid Ansari started negotiations on free trade agreement in Peru. A number of Indian companies have expressed their interest in Peruvian gold mines, minerals and even tourism. If all goes well, the newly-rich in India might want to travel and spend money in Peru, which is always a good thing.
On the other hand, Peruvians could travel to India as well and experience a culture that is very different. If trade and cultural agreements are put in place, it might even help students in India who wish to learn Spanish in an authentic atmosphere. Learning Spanish in Peru would give Indian students and graduates an advantage as Latin American companies are increasingly setting up offices in India.
Knowledge of Spanish would help Indians and Peruvians who wish to study in English-medium schools and colleges but do not have the money to study in America or U.K. may opt to study in India, where everything is taught in English. The project is still in its nascent stage and it remains to be seen what is really going to come out of it in the end. However, it is a good start and if the FTA works out, it would be a great thing for both India and Peru.
Image Source: Indian Express