| Publication |
2014.
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| Summary/Abstract |
Over two decades of liberalization and reforms have resulted in India becoming the second fastest growing economy in the world. Having the second largest population in the world, it is also a vast repository of skilled manpower. However, the significant growth in Indian economy has increased the demand for energy substantially. Consequently, India has to import 80 per cent of its petroleum crude requirement. In contrast to India, Kuwait is very small in size and population. But it is very rich in hydrocarbon resources. The economic cooperation between India and Kuwait is deep rooted. It consists of bilateral trade inclusive of energy imports, Indian expatriate workers in Kuwait and the inflow of remittances, Kuwaiti aid and prospective Kuwaiti investments. The article is a detailed study of all these aspects of economic cooperation between the two countries.
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