The trade links with India, led to renewed contacts of the Indian merchants heading towards Europe through the Silk Route.

Former Vice President of India, M. Venkaiah Naidu, visited Baku for the NAM Summit from 24-26 October 2019, accompanied by Indian EAM, Dr. S. Jaishankar.

Indian Prime Minister Narendra Modi participated in the online NAM Summit on the theme “United against COVID-19” held at the initiative of Azerbaijani President, on 04 May 2020.

Anupriya Patel, Minister of State from Commerce and Industry visited Baku for the 6th meeting of the Inter-Governmental Commission, held on 25 Oct 2023.

Indian company GAIL has also signed a memorandum of understanding with the Azerbaijani firm SOCAR to explore business opportunities in petrochemical projects.

[10][11] ONGC Videsh Ltd has invested more than US$ 1.2 billion in acquiring stakes in the Azeri – Chirag - Gunashli (ACG) oil and gas fields and the Baku – Tbilisi - Ceyhan (BTC) pipe line.

Both sides play a role in constructing the Gazvin-Rasht-Astara (Iran)-Astara (Azerbaijan) railway route as part of the International North–South Transport Corridor.

It is projected to improve trade relations between Iran and Azerbaijan and at a further stage other countries including India and Russia may also benefit.