India and GCC
- The Gulf Cooperation Council (GCC) as a collective entity has tremendous significance for India.
- The GCC’s substantial oil and gas reserves are of utmost importance for India’s energy needs. The GCC countries are collectively host to a large Indian expatriate community.
- The United Arab Emirates (UAE) and Saudi Arabia are India’s third and fourth-largest trading partners respectively and the total bilateral trade of the GCC countries with India for the year 2018-19 stood at USD 121.34 billion.
- India is dependent on the GCC states for 42 per cent of its overall oil imports; three of the top five oil ....
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