Bharat aur Gulf countries #shorts #shorts #qatar #upsc #hindi

Qatar is a member of the Gulf Cooperation Council, GCC in short. The GCC is a political and economic union of six countries - Saudi Arabia, Kuwait, Bahrain, Qatar, the United Arab Emirates, and Oman. The GCC countries are major suppliers of energy to India. Talking specifically about Qatar, around half of India's LNG imports come from Qatar. As the country with the largest population in the world, India is a significant market for the Gulf nations. India's annual trade with the GCC countries is on the rise. Additionally, the GCC countries host a sizable Indian diaspora. Qatar alone hosts over 8 lakh Indian workers. Millions of Indians work in the Gulf countries and contribute to their economies. They also send money back home. Therefore, apart from energy security, the GCC countries are also a major source of remittances to the Indian economy. Foreign remittances as we know are crucial as they boost foreign exchange reserves. Foreign exchange reserves are essential for maintaining economic stability and importing essential items. The GCC nations play a crucial role in the Middle East region. Good ties with the GCC can increase India's influence in the Middle East.

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