The quake was at a depth of 503.2 km
asia3 hours ago
Trade between the UAE and India could be valued around $100 billion in the next five years, given the target of 60 per cent growth by 2020. Currently, bilateral trade is worth $60 billion.
Trade between the two countries is expected to rebound in 2016 and 2017 despite declines in trade values in the last two years, according to Marmore Mena Intelligence, a research firm.
Trade had peaked to $74.45 billion in 2012-13, was stagnant at $59.54 billion in 2013-14 and $59.61 billion in 2014-2015.
The research firm said the visit of Indian prime minister Narendra Modi to the UAE and signing of agreements related to strengthening trade as well cultural and defence ties may have a positive impact on bilateral trade between the UAE and India.
India-UAE trade (value in $ mn, year ending March) | |||||
Particulars | 2010-2011 | 2011-2012 | 2012-2013 | 2013-2014 | 2014-2015 |
India's Exports to UAE | 33,822.39 | 35,925.52 | 36,316.65 | 30,520.42 | 30,497.93 |
%Change | 41.1 | 6.22 | 1.09 | -15.96 | -16.02 |
India's Imports from UAE | 32,753.16 | 36,756.32 | 39,138.36 | 29,019.82 | 29,114.18 |
%Change | 67.97 | 12.22 | 6.48 | -25.85 | -25.61 |
Total Trade | 66,575.55 | 72,681.84 | 74,455.01 | 59,540.24 | 59,612.11 |
%Change | 53.15 | 9.17 | 3.82 | -21 | -21 |
Source: Ministry of Commerce, India |
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