India and Saudi Arabia business opportunities in 2024
In 2022-2023, India stood as the second-largest trading partner of Saudi Arabia. The Kingdom was New Delhi’s fourth-largest trading partner after the US, Japan, and China. The bilateral trade for the year crossed USD 52 billion, as reported by the Arab News. Although oil & energy dominate their bilateral trade, New Delhi and Riyadh are gradually expanding their trade and investment beyond crude oil and petroleum products.
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