Trade between Qatar-India posts USD10b in 2015-2016
19 Feb 2017
(MENAFN) Ambassador of India in Qatar announced that the bilateral trade volume between Qatar and India posted about USD10b during the financial year 2015-2016, as it is expected to be around same level in the current financial year.
P Kumaran said talking to the reporters on the sidelines of press conference at Qatar Chamber headquarters: “The trade between Qatar and India was around $10bn in last financial year. In the current year (2016-17) it is likely to be around same level.”
Accordingly, the trade balance is tilted in favor of Qatar with India importing huge amount of LNG from Qatar, while Qatar’s export to India was around USD9b in 2015-16 while exports from India to Qatar was around USD1b.
However, the ambassador also added: “Prices have not changed between last year and this year. So I do not see any major change. If at all, there will be a minor increase in the amount.”