Prime Minister Narendra Modi’s visits to the UAE, including his seventh in February 2024, highlight the profound importance that India places on its relationship with the UAE. These visits pave the way for high-level discussions on various issues, encompassing trade, cultural exchanges, and strategic partnerships.
The inauguration of a Hindu temple in Abu Dhabi is a landmark event that underscores the UAE’s commitment to religious tolerance and cultural diversity. This temple symbolizes mutual respect and understanding between India and the UAE, serving as a spiritual haven for the Hindu community residing in the UAE.
The economic relationship between India and the UAE has evolved significantly over the years. Bilateral trade reached a remarkable $85 billion in 2022-23. The Comprehensive Economic Partnership Agreement (CEPA) signed in 2022 aims to further enhance trade and investment, reflecting the robust economic synergy between the two nations.
India and the UAE collaborate across various sectors including trade, energy security, fintech, defense, and cultural exchanges. Initiatives such as the acceptance of the RuPay card in the UAE and the establishment of a rupee-dirham settlement system illustrate the multifaceted nature of their partnership.
The two nations work closely on global and regional challenges, addressing issues like climate change, energy security, and infrastructure development. Their participation in groupings like I2U2 (India, Israel, UAE, and USA) and collaborative projects such as the India-Middle East-Europe Economic Corridor (IMEEC) showcase their strategic alignment.
The partnership between India and the UAE is distinguished by its depth and breadth, covering economic, strategic, and cultural dimensions with minimal points of divergence. The mutual respect and recognition of each other's roles in regional and global contexts set this partnership apart from others.
This partnership yields significant benefits for both countries, including enhanced trade and investment opportunities, improved energy security, cultural exchanges, and cooperation on pressing regional and global challenges. It also supports the large Indian diaspora in the UAE, contributing to the social and economic fabric of both nations.
Q1. What is the significance of PM Modi's visits to the UAE?
Answer: PM Modi's visits to the UAE signify India's commitment to strengthening bilateral relations, focusing on trade, cultural exchanges, and strategic partnerships for mutual growth.
Q2. Why is the Hindu temple inauguration in Abu Dhabi important?
Answer: The Hindu temple inauguration symbolizes the UAE's dedication to religious tolerance and cultural diversity, fostering a sense of community among Hindus in the region.
Q3. How has the economic relationship between India and the UAE changed?
Answer: The economic ties have significantly strengthened, with trade reaching $85 billion in 2022-23, bolstered by the CEPA aimed at enhancing investment and economic cooperation.
Q4. What areas do India and the UAE collaborate in?
Answer: India and the UAE collaborate in trade, energy security, fintech, defense, and cultural exchanges, showcasing a diverse and multifaceted partnership.
Q5. How does the India-UAE partnership benefit both nations?
Answer: The partnership enhances trade, investment, energy security, and cultural exchanges, while also supporting the Indian diaspora in the UAE, enriching both societies.
Question 1: What is the main focus of PM Modi's visits to the UAE?
A) Cultural exchanges
B) Trade and investment
C) Defense cooperation
D) Religious tolerance
Correct Answer: B
Question 2: What does the inauguration of a Hindu temple in Abu Dhabi signify?
A) Cultural exchange
B) Religious tolerance
C) Economic partnership
D) Strategic alliance
Correct Answer: B
Question 3: What was the bilateral trade figure between India and UAE in 2022-23?
A) $100 billion
B) $85 billion
C) $75 billion
D) $50 billion
Correct Answer: B
Question 4: Which agreement aims to enhance trade between India and the UAE?
A) FTA
B) CEPA
C) FTAAP
D) RCEP
Correct Answer: B
Question 5: What is a significant area of cooperation between India and the UAE?
A) Space exploration
B) Technology
C) Energy security
D) Agriculture
Correct Answer: C
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