<h1>India-GCC Trade Surges to $111.71 Billion in 2022, Up 40.53% from Previous Year, Reports Government Official.</h1> Bilateral trade between India and the Gulf Cooperation Council (GCC) reached $111.71 billion from April to October 2022, marking a 40.53% increase from $79.49 billion during the same period in the previous fiscal year. The trade had previously grown from $87.35 billion in FY 2020-21 to $154.66 billion in FY 2021-22, a 77.06% increase. Over the period from FY 2017-18 to FY 2021-22, the trade experienced a compounded annual growth rate of 10.57%. This data was shared by a government official in response to a parliamentary inquiry.