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What is the current status and future potential of trade relations between India and Qatar?
The trade relationship between India and Qatar is already substantial, with bilateral trade standing at $18.77 billion. Liquefied natural gas (LNG) serves as the major contributor to this partnership, with Qatar accounting for 48% of India's LNG imports, cementing its position as a key energy partner for India. Both nations are working to boost their bilateral trade significantly, with plans to increase it from the current $18.77 billion to $28 billion. Qatar has also committed to a $10 billion investment across various sectors in India, highlighting the growing economic ties between the two countries.
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Bilateral Trade Highlights: LNG Dominance
WION·8 months ago
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