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UAE considering investments of about $50 BN in India: Report
Indian Prime Minister Narendra Modi's expansive geo-economic outreach towards West Asia appears to yield benefits for the world's fifth-biggest economy. That's because the united arab emirates are reportedly planning to invest about 50 billion dollars in India, as part of its broader bet on India's rising economic potential. A Bloomberg report suggests that the UAE could announce these investments next year, coinciding with the general elections in which Prime Minister Narendra Modi is seeking a third term in office.
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