Abdulrahman Al Ansari discusses claims that trade between the United Arab Emirates (UAE) and India could reach US$100 billion in the next half-decade.
Non-oil bilateral trade between the UAE and India reached a high of US$74.45 billion in the 2012 – 2013 fiscal year. This dipped to US$59.54 billion in 2013 – 2014 but levelled out to US$59.61 billion in 2014 – 2015. However, figures suggest that bilateral non-oil trade between the UAE and India will pick up in the 2015 – 2016 fiscal year; presently it’s running at around US$60 billion.
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