PIB | 22 Dec, 2022
Bilateral
Trade between India and the GCC 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.
During the current FY 2022-23, for the
period April-October 2022, bilateral trade between India and the GCC
stood at US$ 111.71 billion, up from US$ 79.49 billion during the same
period in FY 2021-22.
This is an increase of 40.53% 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% on a compounded annual
growth rate basis.
This
information has been provided by Minister of State in the Ministry of
Commerce and Industry Anupriya Patel said in reply to a
parliamentary question on Wednesday.
