The Bilateral Trade Relations Between India And UAE In The Global Economy
The trade relationship between India & UAE is based on mutual trust & cooperation. It’s continuing from 19th-century spices to 21st-century petroleum. Indian traders first ventured to the Gulf region for trade in the early nineteenth century, beginning the history of trade between India and the United Arab Emirates (UAE). The trade connection between the two nations has developed and increased over time, and the UAE is now one of India’s biggest trading partners. Spices, textiles, and other items were traded by Indian traders with their Gulf counterparts in the early years of the trading partnership, especially in what is now the UAE. The proportion of Indian traders and businesses visiting the Gulf region increased along with the growth of the trading ties between the two nations. A rising number of Indian laborers started coming to the area in the 20th century to engage in the oil industry and other sectors. Trade Relations Between India & UAE As th...