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FINANCIAL NEWS
KSA, India trade surpasses USD 39bn
24 Jan 2016
(MENAFN) The trade between Saudi Arabia and India exceeded USD 39.4bn last year, which makes the kingdom the fourth main trading partner.
Accordingly, commercial relations between the Kingdom and India are increasing, while KSA is a reliable oil producer besides being a strong commercial partner.
Moreover, the two nations have closer ties in the field of politics, economy and culture, whereas KSA is a main source of energy as New Delhi recently imports almost 20 percent of its local oil.
In addition, the Kingdom is the fifth hugest market in the world for Indian exports and is a place for more than 3.60 percent of India’s global exports.
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