Bilateral Trade Performance of India – UAE in the Post -Liberalisation Era

Abstract

The study relating to the India's Export-import and other bilateral relationship with UAE is dynamic and most inspiring and therefore many academicians, officials etc are interestingly looking for the trends and the ups and downs in the export and import of commodities. For both the countries are concerned, their major share of bilateral trade are in to these countries. For both the countries the counterparts are treated as strategic partner in their bilateral trade. For United Arab Emirates is concerned, India is the largest exporter of commodities constituting 19.14% of their exports followed by Turkey, KSA, Switzerland, Oman, Kuwait, Singapore etc. where as import of commodities are concerned India is the largest counterpart in the Import consisting of 10.67% of their total import from India followed by USA, China, Germany, UK, Japan etc. As far as Indian foreign trade in considered, 11.55% of the total exports of India is towards UAE and 5.1% of the total import is from UAE. In this study, the researcher is looking for the bilateral export and import with UAE with the realm of economic policy changes of the Government of India since 1991 and partner of globalisation i.e., post liberalisation and globalisation period. The results of this study showing that the India's trade with UAE after the liberalisation policy is showing a steady growth and improvement especially the growth in export and favourable trade balance.