India-Saudi ties promise shared growth, security, and stability, says Jaishankar

Stressing the importance of strategic economic ties between India and Saudi Arabia, External Affairs Minister S Jaishankar on Sunday said the cooperation holds “the promise of shared growth, prosperity, stability, security and development”.

Jaishankar, who arrived in Riyadh on Saturday, is on a three-day visit to Saudi Arabia – his first as foreign minister.

He addressed diplomats at the Prince Saud Al Faisal Institute of Diplomatic Studies in Riyadh on Sunday, where he “underlined the importance of India-Saudi strategic ties at a time when the world is at crossroads”.

“Our cooperation promises shared growth, prosperity, stability, security, and development,” he said in a tweet.

In an interaction with the Indian community on Saturday, Jaishankar lauded the ties between the two countries and said Saudi Arabia was “very helpful” during the COVID-19 pandemic.

“We saw that our international friendships also came to fruition at that time… Saudi Arabia was very helpful and provided an oxygen supply. It is two years since the country was tested for Covid, but we came through,” he Told.

Speaking about the current geopolitical situation, he said that the world is facing many challenges, such as rising food, oil, and shipping prices due to the Ukraine crisis. “But we are still very confident that India will be the fastest growing major economy in the world this year. We will achieve at least seven percent growth.”

He said that India’s economic recovery after Kovid is worth studying. Stating that many countries spent a lot of money during the COVID period, he said, “I would say, like kneeling… they were in a hurry to respond to the crisis situation. So they… don’t necessarily use their money and resources wisely.”

During his visit, Jaishankar co-chaired, along with his Saudi Arabian counterpart, Prince Faisal bin Farhan Al Saud, the first ministerial meeting of the Committee for Political, Security, Social and Cultural Cooperation (PSSC) set up under the India-Saudi framework. Was. Arab Strategic Partnership Council.

“Warm and productive meeting with Saudi Foreign Minister HH Prince @FaisalbinFarhan this afternoon. Co-chaired the Political, Security, Social and Cultural Committee of the India-Saudi Partnership Council,” he tweeted.

“Discussed current global political and economic concerns. The G20 and multilateral organizations agreed to work together,” he said.

Saudi Arabia is the fourth largest trading partner of India. Saudi Arabia accounts for more than 18 percent of India’s crude oil imports. During FY22 (April-December), bilateral trade was valued at $29.28 billion. During this period, India’s imports from Saudi Arabia amounted to $22.65 billion and exports to Saudi Arabia were $6.63 billion.

According to the Indian Embassy, ​​the 2.2 million-strong Indian community is the largest expatriate community in Saudi Arabia.

In Riyadh, Jaishankar also met Secretary General of the Gulf Cooperation Council (GCC) Nayef Falah Mubarak Al-Hajraf – the two leaders signed a Memorandum of Understanding on the Mechanism of Consultation between India and the six-nation regional bloc.

After the meeting, Jaishankar tweeted, “Exchanged views on the current regional and global situation and the relevance of India-GCC cooperation in that context.”

The GCC is a regional, intergovernmental, political, and economic union consisting of Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates.

India’s ties with the GCC suffered a setback in June this year after suspended BJP spokesperson Nupur Sharma made comments on the Prophet.


Hi, my name is Nisha and I'm an educational journalist based in India. I've always been passionate about the power of education to transform lives, and that's what led me to pursue a career in journalism focused on this area. I completed my Bachelor's degree in English from Hindu College in Delhi in 2013 and then went on to earn my Master's in Journalism and Mass Communication from the Indian Institute of Mass Communication in 2017. During my studies, I also completed several short-term courses on Education in India, Sociology, and other related subjects to deepen my knowledge in this field. I'm particularly interested in improving access to quality education in rural areas, where students often face significant challenges. I've worked on a number of initiatives to address this issue, including advocating for better policies, resources, and practices that can make a difference. As an educational journalist, I'm passionate about using my platform to highlight important issues in the education space. I've covered a wide range of topics, including the impact of technology in the classroom, innovative approaches to teaching and learning, and the challenges facing students from marginalized communities. One of the things I love most about my work is the opportunity to constantly learn and grow. I'm an avid reader and believe that reading is key to expanding one's knowledge and perspective. I'm always seeking out new ideas and insights to help me better understand the world around me. In summary, as an educational journalist, I'm dedicated to using my skills and expertise to make a positive impact in the field of education. I'm committed to improving access to quality education for all students and to using my platform to raise awareness about important issues in this area.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button