November 05, 2024 09:11 (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
Pakistan's Lahore has become world's most polluted city with an AQI of 1900 on Sunday | Indian Army 'successfully completes' patrolling to a key point in Ladakh's Depsang region | US presidential election: Donald Trump ahead of Kamala Harris in swing states, poll survey predicts | 'I strongly condemn Hindu temple attack, intimidation of our diplomats': PM Modi amid Canada row | 'I strongly condemn Hindu temple attack, intimidation of our diplomats': PM Modi amid Canada row
Bilateral trade between India and the GCC jumps 41 pc to $111.71 billion
India-GCC
Image Credit: Andy Li via Unsplash

Bilateral trade between India and the GCC jumps 41 pc to $111.71 billion

| @indiablooms | 21 Dec 2022, 07:29 pm

New Delhi/IBNS: Bilateral trade between India and the Gulf Cooperation Council (GCC) during the current FY 2022-23, for the period April-October 2022 stood at $111.71 billion, up from $79.49 billion during the same period in FY 2021-22, Union minister Anupriya Patel said on Wednesday.

This is an increase of 40.53 percent on a year-on-year basis.

During the period FY 2017-18 to FY 2021-22, bilateral trade between India and the GCC has grown by 10.57 percent on a compounded annual growth rate basis, the Minister of State for Commerce and Industry said in a written reply to Lok Sabha.

Bilateral trade between India and GCC jumped from $87.35 billion in FY 2020-21 to $154.66 billion in FY 2021-22, registering an increase of 77.06 percent on a year-on-year basis.

GCC is a regional, intergovernmental, political, and economic union comprising Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates.

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.