WorldMoney & BusinessSaudi Arabia

India emerges as Saudi’s second-largest trading partner

The 75th anniversary of the establishment of bilateral relations between India and Saudi Arabia has seen commercial ties between the two strategic partners rise to new heights.

For the first three quarters of 2021, India was Saudi Arabia’s second-largest trading partner. For the current financial year (April-November), trade between the two countries was $24.9 billion, an increase of 94 percent over the same period last year. Also, current trends suggest that bilateral trade will surpass pre-pandemic levels.

There have also been several positive developments on the investment side.

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Arab News

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