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Trade Deficit with UAE Widens Sharply
The Morning Standard
|May 19, 2025
AFTER initial optimism, the India-UAE Free Trade Agreement (FTA) is now contributing to a widening trade deficit for India. In FY25, India's trade deficit with the UAE more than doubled to $27 billion, up from $12.4 billion in the previous fiscal year, driven largely by a surge in gold and silver imports.
While exports to the UAE grew by a modest 3%, imports from the Gulf nation surged by over 33%. A significant driver of this increase was the
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