Today: 2 August 2025
2 May 2023
1 min read

‘We expect around $50 bn export to UAE by 2026-27’

Sunil Barthwal said that despite good growth in trade between the two countries, there was still potential to improve further…reports Asian Lite News

Secretary, Department of Commerce, Sunil Barthwal on Monday said India expects around $50 billion in exports to the United Arab Emirates by 2026-27.

During a media briefing by the commerce secretary, he said, “Ease of doing business between the two countries will be also eased. We are looking if any issues are left out. Our friendships with UAE will deepen further”. He said that despite good growth in trade between the two countries, there was still potential to improve further.

“During one year of UAE-India Comprehensive Economic Partnership Agreement (CEPA) India’s exports to UAE grew by 11.8 per cent in the financial year 2023,” Sunil Barthwal said, adding “India’s exports to the UAE grew to $31.3 bn in FY2023 as against $28 billion in FY2022. India-UAE CEPA came into effect on May 1, 2022.”

During the same period Imports from the Middle East country to India increased by 18 per cent from $44.8 billion to $53.2 billion. In the same period, India’s global exports grew by 4.8 per cent, from $390.7 billion to $416.3 billion.

According to data from the commerce ministry released on Monday, India’s global imports declined 16.1 per cent to $613.05 billion in FY2023 from $711.85 billion in FY2022.

During FY2023, the country’s non-oil imports from the UAE grew 4.1 per cent to $25.5 billion from $24.5 billion.

India’s global non-oil imports surged 7.8 per cent to $418.2 billion in FY2023, against $450.8 billion in FY2022. (ANI)

ALSO READ: Political visibility of Indian-Americans far bigger than 1% population share

Previous Story

Growth engine for India-UAE bilateral trade completes one year

Next Story

Kashmir gets ready to showcase its beauty to G20 delegates

Latest from -Top News

IBPC Dubai charts new growth path

Former Tata Motors CEO Ravi Kant headlines exclusive event as Indian business council sets course for transformation….reports Asian Lite News The Indian Business & Professional Council (IBPC) Dubai has signalled a significant

Miles in the Malls!

Dubai Mallathon kicks off today – The emirate’s biggest malls transform into indoor fitness arenas, inviting residents to walk, run, and win — all while staying cool, healthy, and community-connected….reports Asian Lite

Famine grips Gaza, WHO warns

WHO said Gaza’s population is facing acute food insecurity under the Integrated Food Security Phase Classification…reports Asian Lite News The World Health Organisation (WHO) has issued its starkest warning yet about the

Lifeline from UAE to Gaza

UAE’s Operation Chivalrous Knight 3 sustains Gaza’s collapsing health system with hospitals, treatment, aid, and vaccines, offering vital relief to thousands amid deepening crisis….reports Asian Lite News The United Arab Emirates has

Modi, MBZ talk big ties

The call reaffirmed their keenness to “strengthen relations in line with their shared vision to leverage opportunities and deepen strategic cooperation.”…reports Asian Lite News In a significant diplomatic engagement, Prime Minister Narendra
Go toTop

Don't Miss

India Set for 45% Emissions Cut by 2030

As of October 31, 2023, 50 solar parks have been

Dubai set for the first and largest Megamarket

Dubai Outlet Mall, the Ultimate Value Shopping Destination, is set