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With an increasing economic ties, India's bilateral trade with all the six members of GCC (Gulf Cooperation Council) group countries, including the UAE and Saudi Arabia, increased significantly in 2021-22, as the country’s exports to the GCC surged by 58.26 per cent to about $44 billion in 2021-22 against $27.8 billion in 2020-21.

According to the data of the commerce ministry, the share of these six countries in India's total exports has risen to 10.4 per cent in 2021-22 from 9.51 per cent in 2020-21. Similarly, imports rose by 85.8 per cent to $110.73 billion compared to $59.6 billion in 2020-21.

The data report further showed that the share of GCC members in India's total imports rose to 18 per cent in 2021-22 from 15.5 per cent in 2020-21, while bilateral trade has increased to $154.73 billion in 2021-22 from $87.4 billion in 2020-21.