India-UAE Relations in the 21st Century: Charting Growth!
India and the UAE have a long-standing relationship that has seen significant growth and diversification in recent years. The bilateral agreements, such as the Comprehensive Economic Partnership Agreement (CEPA) signed in February 2022, have boosted trade and investment between the two countries. The UAE is a significant investor in India’s economy, with substantial inflows of foreign direct investment across various sectors. Companies like DP World, Sharaf, and Lulu Group have established strong footholds in India, contributing to job creation and economic development. Similarly, Indian companies have expanded their presence in the UAE, leveraging its strategic location as a gateway to the Middle East and Africa. The substantial Indian diaspora in the UAE, comprising nearly 30% of the country’s population, underscores the strong people-to-people ties and cultural affinity between India and the UAE. Cities like Dubai and Sharjah have emerged as preferred destinations ...