International Business

International business comprises a large and growing portion of the world's total business. Products developed in one country are finding enthusiastic acceptance in other countries. Hence, trade is increasingly global in scope today.Vigorous expansion of the world economy, partly due to the governmental policies,aimed at ensuring economic growth, has provided the principal impulse for the growth of international trade. The gradual liberalization of trade restrictions and import quota,reduction in custom tariffs and the vigorous export promotion activities of several nations have contributed to the growth of international trade. Increased flow of funds from the economically advanced coteries to the developing ones has also helped in its growth. The Gulf Cooperation Council (GCC) countries, viz. Bahrain, Kuwait, Oman, Qatar,Saudi Arabia and United Arab Emirates, represent important trade and investment partners for India. The Gulf Cooperation Council (GCC) as a collective entity has tremendous significance for India. India enjoys traditionally cordial relations and cooperation with the GCC.