UAE Considers Investing Up to $50 Billion in India Ahead of 2024 Elections

UAE considering investing up to $50 billion in India, its second-largest trading partner, to bet on world's fastest-growing major economy.

Provisional pledges could be announced early next year before Modi seeks third term in 2024 elections.

Deals being discussed include stakes in key Indian infrastructure and state-owned assets.

Investments could involve UAE sovereign wealth funds like ADIA, Mubadala and ADQ.

Comes after recent meetings between Modi and UAE President Sheikh Mohammed bin Zayed to bolster ties.