India-UAE trade is targeted to hit US$200 billion by 2032, with technology, digital payments and emerging technologies opening new market and investment opportunities for Indian businesses.
India-UAE bilateral trade is targeted to reach Rs. 18.88 lakh crore (US$ 200 billion) by 2032, creating potential opportunities for Indian electronics, technology and digital businesses through stronger market access, investment and BRICS-linked cooperation.
Bilateral trade currently stands at around Rs. 9.53 lakh crore (US$ 101 billion), up from approximately Rs. 6.89 lakh crore (US$ 73 billion) before the India-UAE Comprehensive Economic Partnership Agreement (CEPA). The agreement has strengthened market access and economic engagement, while greater awareness of its benefits is expected to support the 2032 target.
The UAE has invested nearly Rs. 2.36 lakh crore (US$ 25 billion) in India over the past two decades, with a further Rs. 47,190 crore (US$ 5 billion) investment commitment made recently. More than 200,000 Indian companies operate in the UAE.
Strategic Country Manager, Ras Al Khaimah Economic Zone, Mr. Mohammad Haseeb, highlighted the significant potential for further expansion in bilateral trade and business engagement.
Cooperation is also expanding into technology, digital payments and emerging technologies, including Unified Payments Interface (UPI) and virtual corridors. The UAE’s participation in BRICS during India’s 2026 Chairship could further expand trade and investment opportunities for startups and businesses.
Delegations from Punjab, Bihar, Madhya Pradesh and Odisha are exploring investment opportunities in the UAE, while UAE investors continue to engage with Indian markets. Around 4.5 million Indians reside in the UAE, strengthening business linkages between the two countries.
