Indian PM Modi calls UAE main partner to India to pursue a US$5 trillion economy

India views the UAE as a partner to achieve its ambitious dream of achieving a US$5 trillion economy, said Indian Prime Minister Narendra Modi on Friday.

“We consider the UAE as a valuable partner in realizing the objective to reach US$5 trillion economy through a mutually beneficial partnership,” the Indian prime minister told the Emirates News Agency (WAM) on sidelines of his two-day state visit to the UAE.

Modi noted that India has embarked on the ambitious, yet achievable, path to be a US$5 trillion economy by 2024-25. He stressed that the UAE-India relations are “at their best ever”, adding that the UAE investments in key sectors in India are growing. “The UAE is our third largest trade partner with about US$60 billion bilateral trade in 2018-19,” said the prime minister.

He highlighted the importance of the comprehensive strategic partnership agreement signed during the visit of Abu Dhabi Crown Prince Sheikh Mohamad bin Zayed Al-Nahyan to India in January 2017 as the Chief Guest of Indian Republic Day.