Abstract
Diversification means looking forward to diversify the underprivileged sections.. In context of countries which are rich in oil, the countries are mainly dependent on oil sector for their revenue. So, Economic diversification relates to shifting/reducing of financial dependency from resource sector to Non- resource Sector. Export diversification is a part of economic diversification and is necessary for the countries with abundance of natural resource. It basically deals with diversification of exports in terms of goods. In other words, it aims at creating a feasible non-resource modern economy that will sustain for a longer period. The paper deals with analysing the export diversification pattern through composition of export of Saudi Arabia (since 2000), its Compound Annual growth rate (CAGR) for the variables is calculated. Howeverit analyse the impact on the oil import to India. The last part of the paper deals with the conclusion and policy recommendations.
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