Not only trade relations with UAE...?
During the Crown Prince's visit, an agreement was reached on LNG supply, oil storage, nuclear energy along with inviting Abu Dhabi companies to invest in India. If a country invests in another country, the economy of both the countries improves. There are many countries which are investing their funds in foreign countries. There are many western companies whose economy is improving through this. On one hand, the economy improves due to this, on the other hand employment opportunities are being created. Before independence, british companies used to invest in other countries, an example of this was the east india Company. Through this, Britain had established its dominance over many countries.
If a country invests, then both the countries benefit from it. India's economy is considered to be much better than the economy of UAE. In such a situation, if uae companies come and invest in india, then this will not only boost relations further but will also help in boosting the economy of uae as well as India. India's economic pace will be boosted. This will not only create new employment opportunities in the country but will also provide better opportunities to the people around. The craze of public sector is decreasing even in foreign countries, most of the corporates have established their dominance.
In this way, if corporate companies come to india, then India's economy will get momentum and at the same time it will help in taking india towards a developed nation. After narendra modi became the Prime Minister, investment of countries has increased in india, due to this the country has become the fifth largest economy, in the coming time india can also move towards becoming the third largest economic power.
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