India's trade with Arab countries could more than triple to US$500 billion over the next 10 to 20 years as Gulf investors increase their presence in the Indian market, Secretary General of India and Arab Countries Chamber of Commerce, Industry, and Agriculture (IACCIA) Waiel Awwad says.
Speaking ahead of the India-Arab Business Conclave 2026, scheduled for 18-19 December in New Delhi, Awwad says bilateral trade has already surpassed US$150 billion.
Representatives from all 22 Arab countries have been invited to the event, which aims to facilitate investment partnerships and strengthen commercial ties, as reported by IANS, a TV BRICS partner.
According to Awwad, India's expanding investment opportunities across multiple sectors could attract more capital from Arab countries. He says government incentives and a platform for direct engagement between businesses could further encourage Gulf investors to enter the Indian market.