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Home > All news > Business, Economy, Trade > Beyond Oil: strengthening India-Saudi Arabia economic ties for a prosperous future

Beyond Oil: strengthening India-Saudi Arabia economic ties for a prosperous future

October 30, 2024
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Beyond Oil: strengthening India-Saudi Arabia economic ties for a prosperous future

New Delhi - Since the COVID-19 pandemic, India’s foreign trade strategy has undergone significant transformation. Actively seeking integration into global value chains, India has adjusted its export focus amidst shifting geopolitical landscapes. This new strategy has led India to sign Free Trade Agreements (FTAs) with advanced economies like Australia and the European Free Trade Association (EFTA) while also targeting emerging markets such as the United Arab Emirates (UAE).

Saudi Arabia, given its economic strength, assumes a leadership role among the Gulf Cooperation Council (GCC) countries (Bahrain, Kuwait, Qatar, Oman, Saudi Arabia, and the UAE . . .

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Disclaimer: This information has been collected through secondary research and Daily Shipping Times is not responsible for any errors in the same.

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