Surging Momentum: India’s Thriving Trade with GCC Sparks Economic Optimism | Capital Market News

Aseem R. Mahajan, Joint Secretary for the Gulf at the Ministry of External Affairs, emphasized the robust cultural and bilateral relations between India and the Gulf countries, highlighting the multi-faceted nature of their partnership. He noted significant growth in trade and investment across sectors like energy, defense, security, and health. The Gulf Cooperation Council (GCC) countries account for 15 percent of India’s total trade, amounting to US$162 billion last year. Despite overall trade fluctuations, India’s exports to the region saw an increase.

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First Published: Aug 27, 2024 | 5:50 PM IST
Last Updated: Aug 27, 2024 | 6:05 PM IST

Original Story https://www.business-standard.com/markets/capital-market-news/india-s-trade-with-gcc-continues-to-increase-124082700979_1.html
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