reported. This initiative arises as a countermeasure to the displacement of 90,000 Palestinian workers due to the revocation of their work permits subsequent to the hostilities. Prime Minister Narendra Modi earlier reached out to his Israeli counterpart Benjamin Netanyahu, advocating a joint stand against terrorism and affirming India’s steadfast support to Israel amidst the crisis.
The transition in Israel's labour market, now favouring Indian labour, is poised to substantially increase remittances back to India, enhancing the financial well-being of those engaged in employment abroad. This new economic policy may well be perceived as an opportunity amid the discord, binding the fortunes of India and Israel more closely on an economic front. Israel's recent policy move aligns with India's United Nations General Assembly (UNGA) vote abstention.
The vote called for an immediate end to the Israel-Hamas conflict. India's choice reflects a strong, growing alliance with Israel. This alliance has been prospering since 1992.
That year marked the start of formal diplomatic ties between the two nations. The Indo-Israeli ties have been particularly strengthened through trade, with India emerging as a significant importer of Israeli defence articles. The relationship between the leaders has played a pivotal role in reinforcing bilateral ties, exemplified by Prime Minister Modi's historic visit to Israel in 2017, marking the first such venture by an Indian head of state.Milestone Alert!
Livemint tops charts as the fastest growing news website in the world