A year after India signed a major free trade deal with the United Arab Emirates, latest Indian government data shows that the Gulf nation has emerged as India's fourth-largest investor.
In 2022-23, foreign direct investment (FDI) from the UAE to India stood at $3.35 billion. This was a three-fold increase from 1.03 billion dollars in 2021-22. The three-fold jump has also helped the UAE to rise from the seventh position it held in 2021-22.
As per reports, the UAE majorly invests in services, sea transport, power, and construction activities across India.