During Prime Minister Narendra Modi's visit to the United Arab Emirates (UAE), India is expected to finalize two significant Memorandums of Understanding (MoUs) focused on enhancing Liquefied Petroleum Gas (LPG) supplies and bolstering energy security. The UAE has consistently been a reliable energy partner for India, particularly amid global economic challenges. Recent data shows that bilateral merchandise trade has crossed $101.25 billion in the fiscal year 2025-26, marking a historic milestone. Both nations aim to double this trade to $200 billion by 2032, following commitments made during the UAE President's visit in January 2026. The UAE ranks as India's 7th-largest investor, with foreign direct investment (FDI) inflows totaling $25.19 billion. Additionally, the implementation of a Local Currency Settlement (LCS) system facilitates trade and remittances in Indian Rupees (INR) and UAE Dirhams (AED), thereby reducing dependence on the US dollar and lowering transaction costs. The Indian expatriate community, the largest in the UAE, plays a vital role in the local economy and continues to be a significant source of remittances to India, positively impacting the country's foreign exchange reserves.