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Volume:7, Issue: 3
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Journal of European Economic History
2026, Volume:7, Issue: 3 : 82-98 doi: 10.61336/JEEH/23-3-6
Research Article
Trade relationship between Gulf cooperation council countries and India
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1
Research Scholar, Department of Commerce, Himachal Pradesh University, Summerhill, Shimla, Pin-171005. Mobile No. 7649935877
2
Professor, Commerce Department, Zakir Husain Delhi College (Evening), (University of Delhi), Jawahar Lal Nehru Marg, New Delhi, Pin-110002, Mobile: 09811331475
3
Professor, Commerce Department, Zakir Husain Delhi College (Evening), (University of Delhi), Jawahar Lal Nehru Marg, New Delhi, Pin-110002, Mobile: 09810836628
Received
June 26, 2026
Revised
July 7, 2026
Accepted
July 12, 2026
Published
July 20, 2026
Abstract

The Gulf Cooperation Council (GCC) was established on 25 May 1981 in Abu Dhabi (UAE) with the signing of the GCC Charter which is a regional economic and political cooperation agreement. Promoting regional cooperation and integration in the areas of politics, economy, and security was the main goal of the GCC's formation. The economies of the GCC countries have been largely hydrocarbons-based, with oil and natural gas exports being the backbone of the economies. The region is set to be a driving force in the energy sector as petroleum contributes to a significant percentage of the GDP, government revenue and export earnings of each of the member countries. The knowledge of the dynamics of international markets is a prerequisite for investors, policy makers and researchers in an increasingly globalized financial world. In the present study an effort has been made to analyse the trade relationship between GCC Collaborating Countries and India along with its contribution to the global GDP. The secondary data figures used in the research have been taken from the authorized websites of the two countries. Such linkages are significant for rapidly developing economies such as that of India and the GCC countries, which have robust economic, trade and financial ties with each other, notably in the energy, remittance and investment sector. 

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