Reaping the benefits of the free trade agreement of India and UAE February 2022, India excelled in exports to the West-Asian nation with a profit of $5.4 billion, up to 17.5%. However, the globally spiking prices of oil created a major trade gap by witnessing imports worth $9.3 billion, a soaring 67%. Arpita Mukherjee, a professor at ICRIER, an economic policy evaluator, confirms there is no need to worry as the gains in exports; which majorly consist of value-added, finished goods; show a hopeful road ahead.
