India and the United Arab Emirates are close to restoring trade flows to pre-war levels, Commerce and Industry Minister Piyush Goyal said, underscoring a broader recovery in bilateral commerce after global disruptions. The minister pointed to the UAE’s $25 billion investment in India, along with a pledged additional $25 billion, as evidence of deepening economic ties and growing confidence in India’s market. He also highlighted the expanding use of local-currency trade settlements, a shift that could reduce transaction costs and strengthen financial resilience.
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"India-UAE Trade Nearing Pre-War Levels, Says Piyush Goyal as Local-Currency Settlements Gain Ground"
India and the United Arab Emirates are close to restoring trade flows to pre-war levels, Commerce and Industry Minister Piyush Goyal said, underscoring a broader recovery in bilateral commerce after global disruptions. The minister pointed to the UAE’s $25 billion investment in India, along with a pledged additional $25 billion, as evidence of deepening economic ties and growing confidence in India’s market. He also highlighted the expanding use of local-currency trade settlements, a shift that could reduce transaction costs and strengthen financial resilience.
India-UAE Trade Nearing Pre-War Levels, Says Piyush Goyal as Local-Currency Settlements Gain Ground
R
RDU Global Wire
Governance & Policy Desk
New Delhi, India Just now (12:05 PM IST)•5 min read
India and the United Arab Emirates are close to restoring trade flows to pre-war levels, Commerce and Industry Minister Piyush Goyal said, underscoring a broader recovery in bilateral commerce after global disruptions. The minister pointed to the UAE’s $25 billion investment in India, along with a pledged additional $25 billion, as evidence of deepening economic ties and growing confidence in India’s market. He also highlighted the expanding use of local-currency trade settlements, a shift that could reduce transaction costs and strengthen financial resilience.
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