emirates7 - Economic relations between the UAE and India have experienced significant growth in recent years, highlighting a strategic partnership that spans key sectors such as trade, investment, energy, and technology.
The collaboration between the two nations has evolved beyond trade to include robust investment partnerships and joint ventures, contributing to a more integrated and forward-looking economic relationship.
A report by Dubai Chambers, presented at the Dubai-India Business Forum, revealed that the UAE became India's third-largest global trading partner in 2024, after China and the United States, with imports from India valued at $60.1 billion and exports to India at $37.8 billion.
Dubai plays a pivotal role in this partnership, handling 85 percent of the UAE's non-oil trade with India, which reached $54.2 billion in 2023. The non-oil trade between Dubai and India increased from $36.7 billion in 2019 to $45.4 billion in 2023, a surge driven largely by the Comprehensive Economic Partnership Agreement (CEPA) signed in 2022.
In 2023, Dubai's top exports to India included precious stones and metals, amounting to $14.65 billion, followed by machinery, plastics, and aluminum. On the import side, India’s leading products to Dubai were precious stones and metals, valued at $10.1 billion, alongside electronics, mineral fuels, machinery, and iron and steel.
On the investment front, the UAE invested $2.9 billion in India during the 2023–2024 fiscal year, making it India's seventh-largest investor.
India’s economic growth remains strong compared to many emerging markets, with projections indicating an average annual growth rate of 6.5 percent from 2025 to 2026, positioning India among the fastest-growing major economies globally.
This growth is supported by three key factors: government-led infrastructure investments, rising rural demand backed by strong agricultural performance, and increasing private sector investments, particularly in infrastructure-linked and export-oriented industries.
Inflation in India is expected to decrease, with consumer price inflation forecasted to to 4.3 percent in 2025, as global commodity prices stabilize and supply chain issues are resolved, down from 4.9 percent in 2024.
India's expanding manufacturing sector, particularly in electronics and pharmaceuticals, also contributes to a positive economic outlook for the period between 2026 and 2029.
The collaboration between the two nations has evolved beyond trade to include robust investment partnerships and joint ventures, contributing to a more integrated and forward-looking economic relationship.
A report by Dubai Chambers, presented at the Dubai-India Business Forum, revealed that the UAE became India's third-largest global trading partner in 2024, after China and the United States, with imports from India valued at $60.1 billion and exports to India at $37.8 billion.
Dubai plays a pivotal role in this partnership, handling 85 percent of the UAE's non-oil trade with India, which reached $54.2 billion in 2023. The non-oil trade between Dubai and India increased from $36.7 billion in 2019 to $45.4 billion in 2023, a surge driven largely by the Comprehensive Economic Partnership Agreement (CEPA) signed in 2022.
In 2023, Dubai's top exports to India included precious stones and metals, amounting to $14.65 billion, followed by machinery, plastics, and aluminum. On the import side, India’s leading products to Dubai were precious stones and metals, valued at $10.1 billion, alongside electronics, mineral fuels, machinery, and iron and steel.
On the investment front, the UAE invested $2.9 billion in India during the 2023–2024 fiscal year, making it India's seventh-largest investor.
India’s economic growth remains strong compared to many emerging markets, with projections indicating an average annual growth rate of 6.5 percent from 2025 to 2026, positioning India among the fastest-growing major economies globally.
This growth is supported by three key factors: government-led infrastructure investments, rising rural demand backed by strong agricultural performance, and increasing private sector investments, particularly in infrastructure-linked and export-oriented industries.
Inflation in India is expected to decrease, with consumer price inflation forecasted to to 4.3 percent in 2025, as global commodity prices stabilize and supply chain issues are resolved, down from 4.9 percent in 2024.
India's expanding manufacturing sector, particularly in electronics and pharmaceuticals, also contributes to a positive economic outlook for the period between 2026 and 2029.