India’s share of total investments in the six-member Gulf Cooperation Council (GCC) has risen from 4.7 per cent in 2011 to 16.2 per cent in 2016, according to a research report. The GCC investments in India also continued to rise from 0.7 per cent in 2011 to 2.95 per cent in 2016, according to the ‘GCC-India Corridor — Investment Opportunities and Challenges’ report, published by Alpen Capital, an investment banking advisory firm.
The report presents the state of economic relations between the GCC and India by analysing the trend in investment flows and the strategic government initiatives to strengthen ties. It assesses the competitiveness of countries in ease of doing business and further identifies and discusses the potential sectors for cooperation and investment in both the regions. (PTI)