Go Ad-Free
    My Alerts
    Moneycontrol
    Moneycontrol PRO
    HomeNewsBusinessEconomyIndia’s trade with the UAE is nearing $100 billion

    India’s trade with the UAE is nearing $100 billion

    India’s trade with the UAE has risen faster after the signing of CEPA but 65 percent is still oil and jewellery-dependent

    Ishaan Gera
    September 10, 2024 / 16:03 IST
    India UAE trade has jumped post CEPA

    India’s trade with the United Arab Emirates (UAE) has grown 7.1 percent per annum after the Comprehensive Economic Partnership Agreement came into force on May 1, 2022. During the period, India’s global trade expanded 3.8 percent. Despite the increase, the nature of trade has barely changed. Oil, gems and jewellery account for nearly half of India’s exports and around 80 percent of imports from the UAE.

    As the countries mull a review of CEPA, Moneycontrol explains India-UAE’s trade in five charts:

    India-UAE trade nears $100 billion

    With growth being witnessed post-CEPA

    Exports are catching up fast since CEPA

    But trade is still oil-dependent

    But there is some diversification too 

    Ishaan Gera
    first published: Sep 10, 2024 04:03 pm

    Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

    Subscribe to Tech Newsletters

    • On Saturdays

      Find the best of Al News in one place, specially curated for you every weekend.

    • Daily-Weekdays

      Stay on top of the latest tech trends and biggest startup news.

    Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347