The overall value of India’s exports to UAE exceeded $31 bln
between April 22-March 2023, provisional government data,
showed, up 11.2% on the year.
Meanwhile, the import of aircraft, spacecraft, and
associated parts from UAE to India rose by 4,859% from a low
base in the year in April 2022-March 2023, the government data
showed.
India's gold imports from the United Arab Emirates could
also increase, Barthwal said.
(Reporting by Shivangi Acharya, writing by Tanvi Mehta; Editing
by Krishna N. Das and Barbara Lewis)
(Adds details, background)
By Shivangi Acharya
NEW DELHI, May 1 (Reuters) - India hopes to raise
exports to the United Arab Emirates to $50 billion by fiscal
year 2027, India's trade secretary Sunil Barthwal told an event
in New Delhi on Monday.
Barthwal said India aimed to make better use of a trade deal
between the two nations that has led to an increase in Indian
imports from UAE and increased Indian exports in some sectors.
India's exports to the Gulf nation in the electrical
machinery and equipment and automobiles sectors grew by 32% and
42% respectively year-on-year between April 2022 and March 2023,
Indian government data showed.
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