The Eurasian Development Bank’s first macroeconomic study on the Persian Gulf states highlights a sharp expansion in trade and investment ties between the Gulf Arab monarchies and Central Asian republics over the 2020–2024 period.
This report assesses the current scale, constraints and strategic implications of commerce between India and the Central Asian states, based on the recent findings published by the Eurasian Development Bank and India Exim Bank.
Despite global economic uncertainties, the EDB region experienced robust recovery with an aggregate GDP growth of almost 4%. Internal drivers, such as high consumer and investment demand, were pivotal in sustaining this growth.