India expects $50 billion exports to UAE by FY27

India is targeting $50bn in exports to the UAE by 2026-27 from $31.3bn in 2022-23, according to Indian Commerce Secretary Sunil Barthwal. The UAE is already second only to Asean in benefiting from India's trade deal with CEPA, demonstrated by the 54,144 certificates of origin issued between May 2022 and March 2023. Trade between India and the UAE is outpacing normal growth rates. India's exports of certain items such as essential oils, mineral oils and perfumery and cosmetic preparations are benefiting, although iron and steel exports dropped 36% YoY in 2022-23.