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India-UAE merchandise trade surges past $100 billion mark
Hindustan Times Lucknow
|May 13, 2025
Bilateral merchandise trade between India and the United Arab Emirates surpassed the $100 billion mark in 2024-25, two years ahead of the deadline set when their free trade agreement (FTA) went live on May 1, 2022, although the balance of trade is heavily tilted in favor of the UAE.
NEW DELHI:
While India's exports to the UAE saw an annualized growth of 2.84% to $36.64 billion in 2024-25, its imports from the UAE jumped 32.06% to $63.42 billion, according to government data.
The asymmetrical growth in India's exports to, and imports from, the UAE led to a massive $26.79 billion trade deficit with the Gulf nation in 2024-25, more than double the $12.40 billion trade deficit in 2023-24, the data revealed.
Dit verhaal komt uit de May 13, 2025-editie van Hindustan Times Lucknow.
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