CAN INDIA'S EXPANDING GULF PARTNERSHIPS RESHAPE THE WORLD ECONOMY?

India, a nation renowned for its rich cultural heritage and rapidly growing economy, has recently taken a significant step in strengthening its international relations.

- MR Yuvatha

In a move that underscores its commitment to fostering global partnerships, India has elevated its ties with Qatar to a 'Strategic Partnership'. The State Visit of the Amir of Qatar, Sheikh Tamim bin Hamad Al Thani, to India on February 17-18, 2024, marked a significant step in strengthening bilateral economic and strategic relations. His visit coincided with the India-Qatar Joint Business Forum, where Ministers of Commerce from both countries, along with senior stakeholders in finance, energy, infrastructure, and technology, explored new avenues for collaboration. The visit followed multiple diplomatic engagements, including External Affairs Minister S. Jaishankar’s trips to Doha in June and December 2024, emphasizing the growing importance of India-Qatar ties.

This visit was particularly significant as it was Sheikh Tamim’s first to India in a decade, underscoring a renewed commitment to deepening ties. While India and Qatar do not always align on global affairs, they recognize each other’s strategic importance. Qatar views India as a globally connected power with strong diplomatic relations across West Asia, while India sees Qatar as a key Gulf player, a major source of remittances, and a critical energy partner supplying 45 percent of its LNG needs. With bilateral trade valued at $15 billion, the visit served as an opportunity to enhance economic cooperation and explore new areas of collaboration.

India’s Expanding Gulf Partnerships with Qatar & UAE