2. COUNTRY INTRODUCTION :
UAE founded on 2nd Dec 1971 and it consist of 7 emirates.
Situated in middle east between Oman & Saudi Arabia.
Capital : Abu Dhabi
Largest City : Dubai
Seven Sheikdoms were formerly known as Trucial States.
Who founded UAE?
~ Sheikh Zayed bin Sultan Al Nahyan
Religion : Islam
Official Language : Arabic
Currency : Dirham
3. CONT……
President : Khalifa bin Zayed Al Nahyan
Prime Minister : Mohammed bin Rashid Al Maktoum
Un-Employment Rate : 1.67 %
Literacy Rate :
In 1975 – 54% for Men & 31% for Women
Currently – 95% for both
4. ECONOMY OVERVIEW OF UAE :
GDP : $407.52 billion
GDP by Sector : Agriculture: 0.7%; Industry: 44.6%; Services: 54.7%
GDP per Capita : $40,162
Main Industries : Petroleum, Petrochemicals, Fishing, Aluminum, Cement, Fertilizer, Ship
Repair, Construction, Materials, Handicrafts, Textiles.
Exports : $316 billion
Export Goods : Crude oil, Natural Gas, Dried Fish, Dates
Main Export Partners :
1. Iran 14.5% 2. Japan 9.8% 3. India 9.2%
4. China 4.7% 5. Oman 4.3%
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Imports : $246.9 billion
Import goods : Machinery and transport equipment, Chemicals, Food
Main Import Partners :
1. China 15.5% 2. India 12.7% 3. United States 9.6%
4. Germany 6.8% 5. UK 4.3%
Year
GDP
(in Bil. US$PPP)
GDP per capita
(in US$ PPP)
GDP growth
(real)
Inflation rate
(in Percent)
1995 176.8 73,320 6.6 % 4.3 %
2005 376.2 91,623 4.9 % 6.2 %
2015 643.1 67,127 3.8 % 4.1 %
8. UAE INCOME SOURCE
Abu Dhabi is the most wealthiest emirate in the UAE also it is one of the richest city in the world.
More than 85% of the UAE's economy was based on the oil exports before 2010.
According to US-EIA[Energy Information Administration] UAE ranks 7th in the world in terms of
crude oil reserve.
In 1990s the Travel and Tourism sector contribute around 3-4% to there overall GDP.
After 2010, the Travel & Tourism sector started playing vital role in economic growth of UAE,
recently it accounted around $44 billion that was 12.1% of there overall GDP.
In 2016, the oil and gas sector’s contribution to UAE GDP is 27.5% while non-oil sector contributed
a 72.5% to the GDP of UAE.
9. INDIA-UAE TRADE RELATION
India is 3rd largest investor in UAE.
Major Indian companies in UAE are L&T, Hinduja group, Pioneer Cement, Wipro, etc.
1. Larsen & Toubro (L&T) invested around $ 639 million.
2. Pioneer Cement invested $ 1.20 Million state of Art Technology Green Field cement plant
Built in Ras Al Khaimah, UAE.
UAE is 10rd largest investor in India.
Major investments sectors in India of UAE are Energy, Services, Constructions, Tourism,
etc.
Major UAE companies in India are DP world, Emaar Group, ETA Star Group, etc.
1. DP World invested around Rs.1200 Crores in India for setting up International Container
Trans-shipment Terminal (ICTT).
2. Emaar Group invests around $ 150 million in Real Estate.
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27% of total UAE resident is comprise of Indians i.e. around 2.5 million.
In FEB 2018 the MOU[Memorandum Of Understanding] signed between India & UAE on
technical co-operation with rail sector.
It will facilitate exchange of information, expert meetings, technical visits and
implementation of jointly agreed cooperation projects between both countries.
Recently India and UAE signed a currency swap agreement to boost the trade economic
relations.
The swap is for 2 billion Dirhams which is 35 Billion in Indian rupees.
11. IMPORTS FROM INDIA
Top 10 UAE Imports from India(2017)
India's exports to UAE amounted to $20.2 billion or 7.5% of its overall imports.
1. Gems, precious metals: $10.2 billion
2. Mineral fuels including oil: $1 billion
3. Iron and steel: $705 million
4. Machinery: $674.7 million
5. Electronic equipment: $606.7 million
6. Cereals: $592.6 million
7. Knit or crochet clothing: $546.2 million
8. Vehicles: $484.3 million
9. Iron or steel products: $431 million
10. Clothing (not knit or crochet): $419.3 million
12. EXPORTS TO INDIA
Top 10 UAE Exports to India(2017)
UAE's exports to India amounted to $21.2 billion or 6.88% of its overall exports.
1. Gems, precious metals: $15.4 billion
2. Plastics: $957 million
3. Copper: $800.8 million
4. Aluminum: $409.6 million
5. Machinery: $407 million
6. Electronic equipment: $402.3 million
7. Salt, Sulphur, stone, cement: $281.6 million
8. Iron and steel: $256.4 million
9. Mineral fuels including oil: $233.5 million
10. Knit or crochet clothing: $205.5 million