Abstract
India — Saudi Arabia relations, or Indo-Saudi relations, refers to the bilateral relationship between the Republic of India and the Kingdom of Saudi Arabia. Trade and cultural links between ancient India and Arabia date back to third millennium BC. By 1000 AD, the trade relations between southern India and Arabia flourished and became the backbone of the Arabian economy. Arab traders held a monopoly over the spice trade between India and Europe until the rise of European imperialist empires. India was one of the first nations to establish ties with the Third Saudi State. During the 1930s, India heavily funded Nejd through financial subsidies. Formal diplomatic relations between contemporary India and Saudi Arabia were established soon after India gained independence in 1947. Relations between the two countries have strengthened considerably owing to cooperation in regional affairs and trade. Saudi Arabia is one of the largest suppliers of oil to India, who is one of the top seven trading partners and the fifth biggest investor in Saudi Arabia.
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More From: Nigerian Chapter of Arabian Journal of Business and Management Review
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