The Indian Defaulters from the UAE.

Even as trade is booming between the two countries, standing at $52 billion in 2017 and $57 billion in late 2018, some concerns have recently erupted in the UAE in the form of huge $6.8 billion of unpaid debts by UAE based Subsidiaries of Indian companies. Trade stood at nearly $70 billion in 2019 and expected to hit a whopping $100 billion in 2020. Fearing the huge amount of unpaid debt by the Indian companies, 9 various banks have decided to....