An Analysis of Bilateral Economic and Trade Relations between India and UAE - Post Liberalisation Period

Dr. R. Thanga Prashath ., Vinodkumar K. .

Abstract


Purpose: India is one of the fastest developing economy in the world with abundant natural and other resources and to ensure the constant and rapid development of the economy, the bilateral relations between various countries are utmost important. The major objective of this paper is to examine and analyse the bilateral economic and trade relations between India and UAE especially after the liberalisation policy opted by India from 1991 which will be treated as the back-bone of our rapid economic and industrial development. Methodology: The major sources of data for this study is secondary in nature. The data used for this study are from journals and publications of RBI, DGFT, Economic Surveys, Published reports of Indian embassy, websites of Indian and UAE Ministry of Commerce and leading newspapers, books etc. Findings: United Arab Emirates (UAE) is the second largest export destination of India, 3rd largest importing country of India and the Balance of Trade with India and UAE trade is favourable or positive for the last 23 years of this study except for two years. Implications: This study indicates that there is a strong bond of economic and trade relationship between India and UAE and it is steadily progressing. The relationship between these countries are most relevant because of the major Indian expatriate community of India are residing in UAE. Originality: This paper entitled "An analysis of bilateral economic and trade relations between India and UAE- post liberalisation period" is an empirical study based on the facts and figures of the economic and trade during the post liberalisation period is of the original work even though other papers are published in various journal in other journals. But this study is different based on the statistical results collected from Economic Survey of India and other reports processed with the help of scientific statistical methods which makes difference from other papers.


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References


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