In December 2024, India achieved a remarkable $12 billion trade surplus with the UAE, driven by robust exports of gold, gems, and agricultural products. This surplus highlights India’s strategic focus on strengthening economic ties with GCC countries. Bilateral trade between the two nations exceeded $85 billion, showcasing a 15% year-over-year increase. Key sectors benefiting include textiles, machinery, and pharmaceuticals.

India’s diversification of export markets aims to reduce reliance on Western economies amid global trade tensions. Simultaneously, the UAE has become a crucial partner in India’s push to enhance its global trade footprint post-COVID recovery.

Could India’s growing trade partnerships reshape global market dynamics? Share your views below!