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FINANCIAL NEWS
Oman, India mutual trade remains stable at USD3.8bn
15 Dec 2016
(MENAFN) The mutual trade between Oman and India is predicted to remain stable at USD3.8bn for this year and 2017 due to fall in commodity prices.
Accordingly, the two-way trade between both countries had declined in the last two years, mainly on account of a drop in commodity prices.
Moreover, for the fiscal year ending March 2014, the trade between both sides was USD5.7bn, which fell to USD4.2bn in the following year.
On the other hand, the bilateral trade between them is projected to increase next financial year in view of a current recovery in commodity prices.
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