India-GCC Trade and Remittances

The video discusses India's trade and economic ties with Gulf countries, highlighting the significant trade volume and remittance flows. It covers trade statistics with GCC countries, the trade deficit, and the importance of these relationships. The India-UAE Free Trade Agreement is also discussed, along with the role of Indian immigrants in the GCC and their contribution to remittances.

What was the total trade value between India and the seven Gulf countries in 2021-2022?

• 175 billion dollars

• 150 billion dollars

• 200 billion dollars

• 189 billion dollars

Which three Gulf countries ranked as India's top trading partners in 2021-2022?

• UAE, Saudi Arabia, and Iraq

• Qatar, Kuwait, and Oman

• Bahrain, Iraq, and UAE

• Saudi Arabia, Oman, and Qatar

What was the trade deficit between India and GCC countries in 2021-2022?

• 60 billion dollars

• 50 billion dollars

• 70 billion dollars

• 66.8 billion dollars

What percentage of Indian products will have zero duty access under the FTA with the UAE?

• 97%

• 80%

• 90%

• 85%

When did the Free Trade Agreement between India and the UAE come into force?

• 1st July

• 1st June

• 1st May

• 1st April

What percentage of overseas Indians reside in GCC countries?

• 20%

• 25%

• 30%

• 27.7%

Which GCC country hosts the largest number of Indians?

• Saudi Arabia

• Qatar

• UAE

• Kuwait

Which country was the largest source of remittances to India in 2017?

• Qatar

• UAE

• Saudi Arabia

• Kuwait

How much did Saudi Arabia contribute to remittances to India in 2017?

• 10 billion dollars

• 13.8 billion dollars

• 12 billion dollars

• 11.2 billion dollars

Which two countries followed Saudi Arabia in remittance contributions to India?

• Oman and Bahrain

• Saudi Arabia and UAE

• Kuwait and Qatar

• UAE and Iraq