Tag: India-GCC trade

By Muskan Mustaqeem In the fiscal year 2021-22, bilateral trade between India and the Gulf Cooperation Council (GCC) reached over $154 billion, making the GCC-India the largest trading partner block. This was reported by India's Ministry of Commerce and Industry. India's annual exports to the GCC countries were worth approx. $44 billion, while imports were worth around $110 billion (non-oil exports of USD 33.8 Billion and non-oil imports of USD 37.2 Billion). Around $14 billion was also exchanged in services between India and the GCC countries. The Ministry of Commerce and...