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.
India's outreach to the Gulf countries has significantly transformed over the years. From a relationship primarily focused on crude oil imports and labour exports with minimal political engagement, it has evolved into a multifaceted strategic partnership encompassing increased security and defence cooperation. This transformation started when India began engaging with the Gulf in the early 2000s under its "Look West" policy, recognising the region's growing economic and strategic importance. This further evolved into a more proactive and multi-aligned foreign policy under PM Modi, whose multiple visits to the region covering all countries in the Gulf and beyond further deepened India's strategic, economic, and cultural engagement with the entire West Asia. The Arab leaders responded by their high-level visits to India, thus showing mutual respect and collaboration.
This story is from the January 03, 2025 edition of Hindustan Times.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the January 03, 2025 edition of Hindustan Times.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
Kohli and dance of love and hate in Australia
They booed him. Then they cheered him. Then they cheered because he asked them to.
Urban slump hits FMCG firms
Despite some pockets of resilience in rural markets and price hikes to combat inflation, India's consumer goods companies faced a challenging third quarter.
Five-year plans back at Niti Aayog to cut emissions
Five-year plans that made an unceremonious exit nearly a decade ago are making a quiet comeback, this time to handhold India's decarbonization journey.
Doc raped by colleague in abandoned MP hostel
INCIDENT TOOK PLACE ON SUNDAY IN THE HOSTEL ON THE PREMISES OF A MEDICAL COLLEGE AND THE ACCUSED WAS ARRESTED SOON AFTER: COPS
KTR refuses to appear before ACB without lawyers in Formula E case
Bharat Rashtra Samithi (BRS) working president and legislator KT Rama Rao on Monday refused to appear without his lawyers before the Telangana Anti-Corruption Bureau (ACB) for questioning in connection with the alleged financial irregularities in the conduct of Formula-E racing in Hyderabad during the previous regime.
PM2.5 in '24 was at 3-year high: Study
Delhi in 2024 recorded a three-year high in terms of annual PM2.5 (particulate matter having a diameter of 2.5 microns or less) concentration, clocking a reading of 104.7 micrograms per cubic metre (μg/ m3) last year compared to 106.4µg/m3 in 2021, according to an analysis by the Centre for Science and Environment (CSE) released on Monday.
Old ailment, known pathogen: A warning against HMPV panic
For everyone holding their breath over fears of HMPV, here's a quick summary: it's an old ailment, caused by a known pathogen, and many people are likely to have been exposed to the virus by the time they are five years old.
TN GUV WALKS OUT OF STATE ASSEMBLY OVER ANTHEM ROW
Tamil Nadu governor RN Ravi on Monday walked out of Tamil Nadu assembly without reading his customary address for the second consecutive year, opposing what he described as disrespect to the national anthem and triggering a political controversy.
Dhruv light chopper fleet grounded again after Gujarat accident brings back concerns
The Indian Coast Guard has temporarily grounded its fleet of locally made Dhruv advanced light helicopters (ALH) for a safety inspection after one crashed at Porbandar in Gujarat on Sunday, killing two pilots and a diver who were on a routine training sortie, officials aware of the matter said on Monday.
CM says 9 workers trapped in inundated Assam coal mine
At least nine workers were trapped inside a coal mine in a remote area of Dima Hasao district of Assam after the mine was reportedly flooded with underground water, chief minister Himanta Biswa Sarma said on Monday.