- The bilateral trade between the UAE and India trade stands at USD 85 billion as of 2022. The UAE is India’s third-largest trading partner for the year 2022-23. India is the UAE’s second largest trading partner. In February 2022, India became the first country with which the UAE signed a Comprehensive Economic Partnership Agreement (CEPA). Bilateral trade has increased by approximately 15% since the entry into force of the CEPA on 1 May 2022.
- The UAE stood as India’s fourth largest supplier of crude oil in FY 2022-23, with the UAE’s crude oil export to India valued at USD 16.84 billion.
- The UAE is the fourth largest investor in India in terms of FDI.1 Prominent UAE companies such as Abu Dhabi Investment Authority (ADIA), Mubadala, ADQ, IHC, DP World, Emaar Properties, Sharaf Group, TAQA, Borouge, ADNOC, Ducab, Emirates NBD, First Abu Dhabi Bank, Mashreq have invested significantly in various sectors of the Indian economy.
