13 Hrs
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Sharjah24
UAE-India Economic Partnership
The article highlights the strengthening of the economic and trade partnership between the UAE and India, with bilateral trade exceeding $101.25 billion in the 2025-2026 fiscal year, surpassing the $100 billion mark for the second consecutive time, and aiming to increase it to $200 billion by 2032. Key initiatives include "Bharat Mart" and the Virtual Trade Corridor, in addition to the India-Middle East-Europe Economic Corridor (IMEC) project, which enhances supply chains and opens broader horizons for trade and investment between the two nations. Moreover, the UAE has signed a comprehensive trade agreement with India since 2022, contributing to the increased flow of goods and services. Recently, the UAE also joined the BRICS group and is currently participating in their summit in New Delhi, focusing on building sustainable relationships and strengthening economic and developmental cooperation between the two countries.
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