Trade, investment, energy and tech collaborations position both nations for long-term growth
Economic relations between the UAE and India are entering a new era, expanding beyond traditional trade into deep strategic cooperation across sectors such as investment, energy, and technology. This evolving partnership reflects a shared commitment to shaping a resilient, integrated, and future-ready economic landscape, reported wam.ae.
India emerged as the UAE’s third-largest global trading partner in 2024, while Dubai continues to anchor the majority of the UAE’s non-oil trade with India.
- According to a Dubai Chambers report released during the Dubai-India Business Forum, India imported goods worth US$60.1 billion and exported US$37.8 billion to the UAE in 2024
- Dubai alone accounted for 85% of the UAE’s non-oil trade with India, rising from $36.7 billion in 2019 to $45.4 billion in 2023 — a surge driven by the Comprehensive Economic Partnership Agreement (CEPA) signed in 2022
Top traded commodities include precious stones, metals, electronics, and machinery
In 2023, Dubai’s top exports to India were precious stones and metals worth $14.65 billion, while imports from India were led by similar commodities worth $10.1 billion. Other major items included electronics, mineral fuels, machinery, and steel.
Investment and growth projections signal long-term strength
The UAE invested $2.9 billion in India during the 2023–2024 fiscal year, making it India’s seventh-largest foreign investor. India’s economy is expected to grow at an average of 6.5% annually between 2025–26, powered by infrastructure investment, rural demand, and private sector momentum. Inflation is projected to ease to 4.3% in 2025 due to stabilizing global commodity prices and smoother supply chains.
India’s manufacturing strength in electronics and pharmaceuticals continues to enhance its long-term economic prospects, further complementing the UAE’s vision of diversified, innovation-driven growth.
