The governor of the Central Bank of Iran (CBI), Valiollah Seif, has met with Indian officials in New Delhi, exchanging views on how to develop and broaden economic ties, IRNA reported. Trade exchange between the two countries has been steadily increasing, reaching over $41billion in the first five months of the current year. India’s imports from Iran stand at just over $19 billion in value, while Iran’s imports from India stand at $21.9 billion. India is one of the biggest customers of the Iranian crude oil, with the Asian country reportedly accounting for more than 10 percent of the Islamic Republic’s annual oil exports. China, Iraq, the United Arab Emirates, Afghanistan and India are among countries that have large trade volume with Tehran.
