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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. ....
The United Arab Emirates (UAE), with which India implemented a comprehensive free trade agreement in May last year, has emerged as the fourth largest investor in India during 2022-23, according to government data. In the last fiscal, foreign direct investment (FDI) from the UAE to India jumped over three-fold to $3.35 billion from $1.03 billion in 2021-22, the data of the ....