UAE President Sheikh Mohammed bin Zayed has shown interest in investing in India and soon a $ 50 Billion investment plan will be announced. PM Modi is the first PM of India to visit UAE in the last 34 years. The bilateral trade has a target to reach $100 billion without including the oil trade. India is UAE’s second-largest trading partner, and the investment is part of a broader bet on the world’s fastest-growing major economy.
Provisional pledges from the UAE could be announced early next year before the general elections. This move is expected to help Modi government in general elections to be held next year. With growing support from the Muslim countries like UAE and Saudi Arabia and their trust in Modi leadership, opposition is finding it hard each day, to find issues to be raised for the next general elections.
Modi’s call for Vocal for Local has already raised the Nationalism level and the Diwali time shopping is showing boycott of Chinese products at large. With more industries growing locally, easier government policies and FDIs, India is growing rapidly to be a manufacturing hub for the world. Recently Apple iphones were manufactured in India and exported across the globe. This is promoted as a major accomplishment of the government for manufacturing sector.
Modi government as also increased import tariffs on several products to boost local manufacturing. Recent decision to ban imports of laptops and computers is delayed however as this will take time to manufacture to fulfil the market requirement in India.
On the other hand, Pakistan is trying hard to find aids and loans, asking for support across the globe. World leaders have started ignoring the Pakistan leadership and the same is seen on several world forums.