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    <title>Bilateral Trade between India and GCC grew from US$ 87.35 billion in FY 2020-21 to US$ 154.66 billion in FY 2021-22</title>
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    <description>Bilateral trade between India and the Gulf Cooperation Council rose from US$ 87.35 billion in FY 2020 21 to US$ 154.66 billion in FY 2021 22 (a 77.06% year on year increase), with a compounded annual growth rate of 10.57% since FY 2017 18. Export data for the last five financial years show the UAE and Saudi Arabia as principal markets, with increases also recorded for Oman and Qatar and smaller growth for Bahrain and Kuwait; figures are sourced to DGCIS and reported in a written parliamentary reply.</description>
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