Business
A Representative Image (Firstpost)
After, India-UAE Comprehensive Economic Partnership Agreement (CEPA) which came into effect in May this year, the Indian exports to the UAE, excluding petroleum products, grew from $5.17 billion during June-August 2021 to $5.92 billion during June-August 2022, marking an increase of 14 per cent, the Commerce Ministry said on Sunday (25 September).
The ministry noted that India’s global non-petroleum exports during the same period (June-August 2022) grew by 3 per cent on an annual basis.
This implies the growth rate of India’s non-petroleum exports to the UAE is almost five times as that of India’s non-petroleum exports to the world, the ministry said.
Excluding petroleum related imports, Indian imports from the UAE during the same three-month period grew from $5.56billion (June-August 2021) to $5.61 billion (June-August 2022) or an increase of 1 per cent in percentage terms, according to the ministry.
Indian exports are likely to increase further in the coming months with increasing use of the CEPA by the exporters and with dedicated efforts from Department of Commerce, in association with Indian Mission in the UAE, through organisation of a series of trade promotion events in the UAE during the current Financial Year, the ministry said.
Support Swarajya's 50 Ground Reports Project & Sponsor A Story
Every general election Swarajya does a 50 ground reports project.
Aimed only at serious readers and those who appreciate the nuances of political undercurrents, the project provides a sense of India's electoral landscape. As you know, these reports are produced after considerable investment of travel, time and effort on the ground.
This time too we've kicked off the project in style and have covered over 30 constituencies already. If you're someone who appreciates such work and have enjoyed our coverage please consider sponsoring a ground report for just Rs 2999 to Rs 19,999 - it goes a long way in helping us produce more quality reportage.
You can also back this project by becoming a subscriber for as little as Rs 999 - so do click on this links and choose a plan that suits you and back us.
Click below to contribute.
Latest