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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]
Because the number of Indian billionaires shot up from one in 1991 to 162 in 2022, the total net wealth of these individuals over this period as a share of India’s net national income “boomed ...
The table initially ranks each country or territory with their latest available year's estimates, and can be re-ranked by any of the sources. * Nearly all country links in the table connect to articles titled "Income in (country or territory)" or to "Economy of (country or territory)".
Indian Finance Minister Nirmala Sitharaman shows a red pouch containing budget documents, as she arrives to present the federal budget in the Parliament in New Delhi, India, Saturday, Feb. 1, 2025.
The economy of India is a developing mixed economy with a notable public sector in strategic sectors. [5] It is the world's fifth-largest economy by nominal GDP and the third-largest by purchasing power parity (PPP); on a per capita income basis, India ranked 141th by GDP (nominal) and 119th by GDP (PPP). [58]
An example of an individual initiative is the development of a smartphone app for migrant workers, created by an Indian journalist in Oman in 2016 together with the Migrant Forum Asia. [202] On downloading, the app, called MigCall, saves ten helpline telephone numbers which provides access to services in six different languages. [ 202 ]