You are here: Home » Opinion » Editorial » Editorials
Letter to BS: We can expect a huge tranche of economic reforms from May 2
Covid-19 and women@work
Business Standard

Working with the Gulf

India must accept responsibilities for its diaspora

Topics
Gulf countries | Gulf Oil | Coronavirus

Business Standard Editorial Comment 



New Delhi will have to act quickly to ensure that the current crisis does not affect its relations with one of the areas of the world that is crucial to India’s security and prosperity. The six states of the Persian Gulf that are part of the (GCC) — the United Arab Emirates, Saudi Arabia, Kuwait, Qatar, Bahrain, and Oman — are a major destination for Indian workers and feature the most significant concentration of the Indian diaspora. They contribute almost half of India’s annual remittances, and are thus crucial for the balance of payments and the broader economy. The GCC is also important to India in two other ways. Co-operation on security and counter-terrorism is vital, and has brought many breakthroughs for Indian national security in the past. In addition, India is a net energy importer, and the GCC countries are the major source of India’s and are important for its natural gas supplies as well.

TO READ THE FULL STORY, SUBSCRIBE NOW NOW AT JUST RS 249 A MONTH.

SUBSCRIBE TO INSIGHTS

What you get on Business Standard Premium?

  • icon Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • icon Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • icon Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
  • icon Pick your 5 favourite companies, get a daily email with all news updates on them.
  • icon 26 years of website archives.
  • icon Preferential invites to Business Standard events.

OR


Subscribe to Business Standard Premium

Exclusive Stories, Curated Newsletters, 26 years of Archives, E-paper, and more!

Insightful news, sharp views, newsletters, e-paper, and more! Unlock incisive commentary only on Business Standard.

Download the Business Standard App for latest Business News and Market News .

First Published: Wed, April 29 2020. 23:01 IST

RECOMMENDED FOR YOU

.