2020
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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India
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UAE
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USA
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China
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Detailed explanation-1: -The Joint Task Force was established in 2013 to promote trade, investment and economic ties between the UAE and India.
Detailed explanation-2: -The UAE is the second largest export destination of India (after the US) with an amount of nearly USD 28 billion for the year 2021-22. The UAE’s investment in India is estimated to be around USD 17-18 billion of which US 11.67 billion is in the form of FDI while the remaining is portfolio investment.
Detailed explanation-3: -UAE sovereign wealth funds have invested more than $10 billion in India across renewable energy, telecom, road infrastructure among other sectors, the Indian envoy said during an event in Abu Dhabi.
Detailed explanation-4: -The relationship between India and UAE has seen transformational changes since 2014. India and UAE have projected to surpass bilateral trade worth USD 88 billion this year. After USA and China, UAE became India’s 3rd largest trading partner.