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Oman's 10th five-year plan (2020–2025) is the first implementation plan of Vision 2040, [24] and will focus its efforts towards achieving economic diversification. [25] The plan for economic diversification aims to move Oman away from the oil-and-gas-based sources of income, and has earmarked five sectors that have high growth potential and ...
In 2010, bilateral trade between India and Oman stood at $4.5 billion. India was Oman's second largest destination for its non-oil exports and its fourth largest source for imports. Indian and Omani firms have undertaken joint ventures in a wide range of sectors including fertilisers, pharmaceuticals, energy and engineering. [15]
Oman also has substantial trade and budget surpluses. 55% of Oman's government revenues come from non-oil industries. Petroleum accounts for 64% of total export earnings, 45% of government revenues and 50% of GDP. [44] By 2020 Oman hopes to reduce oil revenue to just 9% of its income. [47]
The gap between India’s rich and poor is now so wide that by some measures, the distribution of income in India was more equitable under British colonial rule than it is now, according to the ...
The Indian community in Oman is regarded to be among the most prosperous communities in the country. At present, Indians constitute almost 20% of Oman's total population of 2.3 million (2010 census), as they are the largest expatriate community in the country. There are 448,000 Indian migrant workers in Oman.
The country’s chief economic advisor, in a report released on Friday, forecast India’s economy would grow 6.3% to 6.8% in the next fiscal year. Here are some takeaways from the budget: Income ...
Oman, [b] officially the Sultanate of Oman, [c] is a country on the southeastern coast of the Arabian Peninsula in West Asia. It shares land borders with Saudi Arabia, the United Arab Emirates, and Yemen. The capital and largest city is Muscat. Oman has a population of about 5.28 million as of 2024, which is a 4.60% population increase from ...
Oman Investment Authority (OIA) is the investment arm of the Sultanate of Oman, established by Royal Decree No. 61/2020. It is a sovereign wealth fund operating as an autonomous legal entity with complete financial and administrative independence, reporting directly to the Council of Ministers.