[Video] Middle East looks to improve relations with India

By Eric Harding

As was reported by our sister site Business Review Australia, Aussies have turned to the Asia-Pacific's other top country India as a result of China’s economy and trade slowing down.

India, the world’s second-most populated country, is now being viewed in some Australians as the country’s “new China,” in an attempt to become one of its largest trading partners.

RELATED TOPIC: India’s XOLO the Latest to Spot Smartphone Opportunities in the Middle East

And it isn’t just one-sided deal. India is also showing signs of its willingness to complete negotiations of the Comprehensive Economic Cooperation Agreement (CECA) by the end of this year, which would be a game-changer for trade ties between both nations.

While Australia certainly benefits from reaching a deal, it could send India’s already strong economy into a stage of even higher growth.

Meanwhile, India and Middle Eastern states have enjoyed a long strategic and mutually beneficial relationship as well. However, Indian leaders continue to wonder about whether increasing instability in the Middle East will affect oil imports, as India imported nearly 60 percent of its oil from the region in 2014.

RELATED TOPIC: Just Falafel to Enter Fast Food Market in India with Outlet in Bangalore

With its developed professional services, education and knowledge economy sectors, India could provide lessons for Middle Eastern States attempting to diversity their economies.

India’s vast amount of expertise has established several opportunities for research collaboration in the future with the Middle East. This research could allow both sides to understand the dynamics of the relationship while producing proposals for both policy makers and society on ways to achieve mutually beneficial outcomes for both regions.

Check out the latest issue of Business Review Middle East today!

Share

Featured Articles

Middle East GDP hike of 57% if more women join workforce

By tapping into the potential of next-generation female workers, the MENA region could unlock new economic opportunities, up to US$2 trillion, reports PwC

Dialight supplies LED solutions for industrial safety

Reliance on inefficient lighting technologies are not only harmful to the environment, but also increase injury risk and cost

Top 10: Tech, AI, cloud, cyber speakers at TECH LIVE LONDON

TECH LIVE LONDON events sees technology leaders from IBM, Oracle, Vodafone, JP Morgan, Accenture and the US Space Force among the inspirational speakers

Cyber LIVE adds Vodafone head of cyber Kawalec to line-up

Leadership & Strategy

Musk’s multibillion hostile Twitter takeover – the timeline

Leadership & Strategy

Sustainable moves businesses can make to win customers, IBM

Sustainability