(MENAFN) The steady-to-growing Indian Japanese economies will continue to be positive and beneficial to the UAE's economy, experts said, Khaleej Times reported.
"With India, a robust to accelerating pace of growth may provide even more potential upside for increased trade volumes between India and the UAE. Part of India's developmental trajectory will require moving towards energy-intensive manufacturing activities. As part of this transition, the Indian demand for energy may even outpace a relatively robust growth rate for the overall economy," director of Bain & Company's Macro Trends Group, out of the New York office, showed.
According to the recent UN World Economic Situation and Prospects 2015 (Wesp) report, India's growth is expected to boost to 6.3 per cent in 2016. It will be the country's highest growth rate since the 2008-2011 period, when the Indian economy had registered a 7.3 percent growth rate, the UN report revealed, adding that the economic growth had slowed to 4.7 percent in 2012.
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