India’s trade with Gulf Cooperation Council increasing at rapid pace

New Delhi, 6 Jun (PTI): India’s trade with Gulf nations has come into prominence after a diplomatic row over derogatory comments made by the ruling BJP’s spokespersons against Prophet Muhammad.

Here is a look at bilateral trade India has with the Gulf nations: India imports predominately crude oil and natural gas from the Gulf nations like Saudi Arabia and Qatar, and exports pearls, precious and semi-precious stones; metals; imitation jewellery; electrical machinery; iron and steel; and chemicals to these countries.

During 2020-21, India imported goods worth USD 110.73 billion from the six GCC (Gulf Cooperation Council) nations. Its merchandise exports stood at USD 44 billion to these nations.