Prime Minister (PM) Narendra Modi's recent visit to Kuwait, currently the chair of the Gulf Cooperation Council (GCC), with which India has been negotiating a Free Trade Agreement for the past several years, was significant in the bilateral context and its broader regional connotations. It reflected India's keen desire to expand and strengthen its multidimensional relationship with this vital region, which has traditionally been a dependable partner in India's quest for energy security and accounts for almost 35% of its oil and 70% of its gas imports.
GCC is India's largest trading partner bloc, with trade amounting to over $162 billion in FY 2023-24. Next comes the European Union (EU) with $135.31 billion and the Association of South-east Asian Nations (ASEAN) with $120.88 billion. Over 8.8 million Indian citizens employed in the Gulf countries send over $40 billion in remittances, contributing significantly to India's economy.
この記事は Hindustan Times Amritsar の January 03, 2025 版に掲載されています。
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この記事は Hindustan Times Amritsar の January 03, 2025 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
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