UAE bets big on India, mulls investments worth $50 billion

The United Arab Emirates (UAE) is considering investing up to $50 billion in India, its second-largest trading partner. Provisional pledges from the UAE could be announced next year, and the investments may include stakes in Indian infrastructure projects and state-owned assets. The UAE aims to increase non-oil bilateral trade with India to $100 billion. These potential investments would strengthen ties between the two countries and support India’s economy ahead of the 2024 elections.