The India-UAE strategic relationship is poised to shape a new global order by 2030. Hon’ble Prime Minister’s visionary approach to strengthen bilateral ties and trade, with UAE, across digital infrastructure, India Middle East-Europe Economic Corridor and cultural exchanges among other crucial initiatives, have led to the signing of 7 significant MoUs between the two countries.
Additionally, the UAE has emerged as India’s third-largest trading partner and the second-largest export destination, with a total bilateral trade amounting to USD 85 Billion in FY 22-23 and set to exceed $100 billion before 2030. The report highlights the transformative potential of the India-Middle East-Europe Economic Corridor (IMEEC), offering an alternative to China's BRI. It also suggests that this unique partnership is expected to reduce trade costs, lower carbon emissions, and enhance India's global trade position.
Finally, the report offers 5 key recommendations, including implementing conscious, environmental measures that support sustainable development and integrating advanced digital platforms among others. We invite you to find out more about the course of India’s strategic partnership with UAE through this insightful piece. Read Now!
