Prime Minister Narendra Modi’s visit to Saudi Arabia would be as much about trade relations as attracting investment from the Middle Eastern country. Although the trade between both nations has stagnated at around $45 billion since 2014, India and Saudi Arabia have witnessed a boost in investment ties, with Middle Eastern kingdom’s contribution to India’s FDI stock growing over 60-fold in a decade.
In 2014, Saudi Arabia was ranked 47 with $51 million worth of investments in India, which rose to 39 with an investment of $316 million in 2019. But in 2020, the investment from Middle Eastern country grew 10-fold to $3.13 billion, with Saudi Arabia having a 0.6 percent share in India’s FDI inflows.
APRIL 22, 2025
Source Code : https://www.moneycontrol.com/
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