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    <title>Bilateral trade between India and the GCC stood at US$ 111.71 billion for the period April-October 2022, an increase of 40.53% from US$ 79.49 billion during same period in FY 2021-22</title>
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    <description>Bilateral trade between India and the Gulf Cooperation Council rose substantially in recent reporting periods, with April-October 2022 showing marked year on year growth compared with the same period in the prior fiscal year, continuation of a large increase from FY 2020-21 to FY 2021-22, and a positive five year compounded annual growth rate; these figures were disclosed in reply to a parliamentary question by the Minister of State in the Ministry of Commerce and Industry.</description>
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