Oman Chapter

Oman is a free market economy; the government being the most important factor in the economy, both as a purchaser of goods and services besides being the most important employer. Omani economy has been growing steadily for past two and a half decades with considerable development. Oman, a relatively safe place with rare serious crimes reported, transformed itself into a developed economy from a developing one, its per capita income rose from $360 in 1970 to $20,200 in 2008. With its chapter in Oman, the BEA aspires to create mutually symbiotic relationship between India and Oman.