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Bilateral Trade between India and the Gulf Cooperation Council grew from US$ 87.35 billion in FY 2020-21 to US$ 154.66 billion in FY 2021-22, registering an increase of 77.06% on a year-on-year basis. Since FY 2017-18, on a compounded annual growth rate basis, bilateral trade between India and the GCC has grown by 10.57%.
Details of India’s exports to the GCC during the last five financial years is as follows:
India’s Exports to GCC |
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Values in USD Billion |
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S.No. |
Country |
2017-2018 |
2018-2019 |
2019-2020 |
2020-2021 |
2021-2022 |
1 |
BAHRAIN |
0.56 |
0.74 |
0.56 |
0.53 |
0.90 |
2 |
KUWAIT |
1.37 |
1.33 |
1.29 |
1.05 |
1.24 |
3 |
OMAN |
2.44 |
2.25 |
2.26 |
2.36 |
3.15 |
4 |
QATAR |
1.47 |
1.61 |
1.27 |
1.28 |
1.84 |
5 |
SAUDI ARABIA |
5.41 |
5.56 |
6.24 |
5.86 |
8.76 |
6 |
UAE |
28.15 |
30.13 |
28.85 |
16.68 |
28.04 |
|
GCC Total |
39.39 |
41.62 |
40.47 |
27.76 |
43.93 |
Source: DGCIS
This information was given by the Minister of State in the Ministry of Commerce and Industry, Smt. Anupriya Patel, in a written reply in the Lok Sabha today.
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AD/KP