Export to Gulf Cooperation Council from India is increasing year by year with an estimated revenue of $40 Billion by the year 2021.
UAE is the largest importer of Indian products following by Saudi Arabia and so on which we have mentioned in the below given report.
Gulf Cooperation Council | Export revenue from India |
Bahrain | $0.69 Billion |
Kuwait | $1.90 Billion |
Oman | $2.29 Billion |
Qatar | $1.50 Billion |
Saudi Arabia | $6.49 Billion |
United Arab Emirates | $28.81 Billion |
According to Ministry of Commerce & Industry of India, Economic cooperation agreement has been signed between both the nations and mutual conversations are going on for the free trade agreements.
E-commerce market in Gulf Cooperation Council is estimated at $20 Billion by the year 2021 and increasing with a growth rate of 14%.
Indian exporters and online sellers have a huge opportunity in Gulf countries, so its a good time to grab the market of all the GCC countries.
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