UAE is impressed by the fast pace of Indian economy, will invest 50 billion dollars!

economicdesk:
India remains the fastest growing economy in the world.  Along with all the global agencies, big countries have also praised the country.  These include the United Arab Emirates (UAE), which is planning a big investment in India.  This will not be a small investment, but will be worth 50 billion dollars.  Seeing the UAE's interest in the Indian economy, China is going to be in trouble, which is busy in managing its wavering economy.
According to a Bloomberg report, the United Arab Emirates (UAE) is considering investing up to $50 billion in India as part of its economic diversification plan to move beyond oil.  In the recent past, relations between UAE and India have become very strong and along with this, trade between the two countries is also continuously increasing.  As of now, non-oil bilateral trade between UAE-India has reached around $100 billion.  Now, as a preparation to take this relationship further, there are preparations to invest more than 50 billion dollars i.e. more than Rs 4 lakh crore in India.
In this report issued by UAE regarding a possible investment of 50 billion dollars in India, citing people familiar with the matter, it has been said that a big announcement regarding this investment will be made by UAE in the beginning of next year i.e. 2024. The sectors of India that will be strengthened by this investment coming from UAE include manufacturing and infrastructure and by gaining momentum, the country's economy will become even stronger.