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The Economic Times
The Economic Times
National

India-UAE trade to reach $200 billion by 2032, BRICS to drive investment: Ras Al Khaimah Economic Zone official

New Delhi: India-UAE trade is on track to expand significantly towards the USD 200 billion target by 2032, with the growing role of BRICS and stronger investment linkages expected to create fresh opportunities for businesses from both countries, according to Mohammad Haseeb, Strategic Country Manager, Ras Al Khaimah Economic Zone.

Speaking to on the sidelines of the iBRICS Summit 2026, Haseeb said bilateral trade currently stands at around USD 101 billion, up from about USD 73 billion before the India-UAE Comprehensive Economic Partnership Agreement (CEPA), highlighting the impact of closer economic ties between the two countries.

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