India-UAE’s Multidimensional Strategic Partnership
The bilateral relationship between India and UAE is an exception to political diplomacy and has emerged as a model strategic partnership. This partnership can be described as one that involves economic incentives, the technology sector, and political visions of the world.
The India-UAE connection has evolved significantly in the past decades. The two countries moved from a meager trade relationship in the 1970s worth US$180 million to a staggering US$85 billion in the 2022-23 financial year. UAE has turned into a strategic investment partner, investing US $75 billion in India’s infrastructure sector and becoming the fourth largest FDI investor in India.
The foundation of this partnership is thus based on the technology innovation. The partnership goes across such sectors as the digital economy, startups, and advanced research. This forward-looking approach is embodied by the establishment of IIT Delhi’s overseas campus in Abu Dhabi with its initial programs of interest in the field of energy transition and sustainability.
The bilateral relation between India and UAE is not restricted to economics but it has deep security and geopolitical implications I2U2 and other such approaches to addressing regional issues mean that both countries are forging a sound framework for security and stability in the region. Cooperation in the exchange of intelligence information, counter-terrorism cooperation, and cooperation in matters of strategy and security dialogues are the main components of this important branch of their cooperation.
At its deepest level, the shared bond could be over the 3.5 million Indian expatriate population in the UAE. This community has progressed from mainly working class to a highly developed web of professionals, business people, and technicians. They act as real-life ‘cultural mediators,’ that is, people who create genuine cultural bonds in addition to their diplomatic ones.
The issues of environmental sustainability and climate actions have emerged as central to the India-UAE agenda. Both countries are already involved in partnerships in areas such as investments, green technology, and climate change. Their membership in the international organizations of concern and response to global environmental issues is apparent.
New trends such as the Local Currency Settlement System are evidence that the partnership is innovative in the area of financial cooperation. Both nations have opened up new forms to carry out transactions in Indian Rupees and Emirati Dirhams which are not directly linked to conventional global currencies.
Such interactions have been very productive, with bilateral visits involving the Prime Minister of India Narendra Modi, and the UAE President Sheikh Mohamed Bin Zayed helping to enhance this relationship. These kinds of interactions have changed bilateral relations from a mere trade partnership to a strategic partnership.
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