News Feed

Limited Edition


MICEX Intermarket News


India's Navy Demonstrates Economic Shift Away from Dollar





India and Saudi Arabia Boost Trade Ties

15.10.2019

23:53 PST

SF Bay Area, CA – Steadily, Saudi Arabia and India continue to boost trade ties as part of the greater "Vision 2030" initiative. Keenly, the two nations have established a Strategic Partnership Council which is focusing on expanding infrastructure, investment, tourism, housing and media broadcasting with the "Vision 2030" initiative. Assuredly, the former Indian envoy to Saudi Arabia stated, "Saudi Arabia and India should work together in Afghanistan, there is a golden opportunity here. India can also offer its diplomatic services to reduce the distrust between Saudi Arabia and Iran." Furthermore, Saudi Arabia has a major role in mediating tensions between India and Pakistan as security threats in Afghanistan continues challenging the region.

Meanwhile, India's agriculture, petrochemicals and mining sectors increases trading volume for Pakistan, Afghanistan and Saudi Arabia. Hence, stronger ties between India and Saudi Arabia establishes regional stability as security issues in Afghanistan become resolved.

Therefore, India has expressed major concerns to the US over the use of sanctions against Russia and Venezuela as economic growth develops in the Middle East. Blindly, the IMF continues to forecast a gloomy global economic outlook for this year and into the next short-term business cycle. Critically, India is prepared for economic reform as US sanctions, the US trade war and mature US T-bills weigh on the global economy. Massively, military integration between Saudi Arabia, India, China and Russia all have a major impact on global economic conditions. Prolifically, India and China have committed to deeper economic relations while demanding for a new era with the world's two most populous nations.


[Top]
[Top]