India’s Recent Merchandise Trade Potential with Respect to United Arab Emirate

Published date01 March 2024
DOIhttp://doi.org/10.1177/00195561231204938
AuthorSaima Farhat,Mohd Javed,Uzma Eram
Date01 March 2024
India’s Recent
Merchandise Trade
Potential with Respect
to United Arab
Emirate
Saima Farhat1, Mohd Javed2 and Uzma Eram3
Introduction
International trade is a global phenomenon. Basically, trade is an activity that brings
people together, by means of culture and traditions that are being exchanged between
the countries (Bhagwati, 2011). Moreover, it brings peace and gives it a place among
the trading countries. It is the health of political relations which helps rise and gives
direction to bilateral trade between the concerned countries. It needs to be high-
lighted that after 1991, due to neo-liberal economic reforms in India, it has emerged
as leading industrialising economy followed by China. Growth of Indian economy
picked up the pace which pushed up the demand for energy and oil resources
(Elizabeth, 2019). At present, UAE is the third largest trading partner of India.
Moreover, in 2008–2009 and in consecutive years it was the top-most trading
partner of India (Department of Commerce, MOC). Hence it is fruitful and appro-
priate to know the strength and dependency of India and UAE on each other in
terms of bilateral trade. Following is the periodical record of India’s imports from
and exports to UAE from 2001 to 2021, a 20-year period has been taken into account
(See Tables 1 and 2). From 2017 to 2021 continuous gures are being taken.
If we go through data provided by the Ministry of Commerce and Industry,
trade basket of India and UAE is quite rigid. There is a rare change in the major
trading commodities. Important exports of India to UAE are: pearls, precious/
semiprecious stones, gold jewellery, coin, mineral fuel, mineral oil, bituminous
substances, articles of apparel and clothing knitted or crochet. Articles of apparel
and clothing not knitted, ships, boats, and oating structures, electrical machinery,
its equipment, nuclear reactors, boilers and mechanical appliances, cereals,
articles of iron and steel.
Note
Indian Journal of Public
Administration
70(1) 191–195, 2024
© 2023 IIPA
Article reuse guidelines:
in.sagepub.com/journals-permissions-india
DOI: 10.1177/00195561231204938
journals.sagepub.com/home/ipa
1 KL University, Vijayawada, Andhra Pradesh, India
2 Maulana Azad National Urdu University, Hyderabad, Telangana, India
3 Aligarh Muslim University, Aligarh, Uttar Pradesh, India
Corresponding author:
Saima Farhat, KL University, Vijayawada, Andhra Pradesh 522502, India.
E-mail: saimakhateeb210@gmail.com

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