Analyzing India's Trade Dynamics with GCC Countries: A Study of Trade Intensity Index
Keywords:
India-GCC Trade Relations, Trade Intensity Index, Economic Collaboration, COVID-19 Impact, Export-Import PatternsAbstract
India has a long-standing trading relationship with the Gulf Cooperation Council (GCC) countries, mostly driven by oil and gas imports. While commerce, investment, and labour movement have helped India and the GCC nations maintain good relations, the Covid-19 pandemic could destabilise this equilibrium. The present paper explores the structure and pattern of exports and imports between India and the GCC countries, particularly emphasising the trade intensity index. The study uses data from 2005 to 2021 to examine India's export, import, and trade intensity with Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates (UAE). Using the trade intensity index, the study sheds light on the level of intensity in trade interactions between India and these GCC countries, providing
insights into the changing dynamics of their economic collaboration.
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