Indian exports up in 115 nations out of 238 destinations in 2023-24

Indian exports up in 115 nations out of 238 destinations in 2023-24

Daily Current Affairs   /   Indian exports up in 115 nations out of 238 destinations in 2023-24

Change Language English Hindi

Category : Miscellaneous Published on: May 13 2024

Share on facebook
  • According to the Union Ministry of Commerce, India has achieved among 115 countries with a record number of positive growth rates in its exports in 2023-24.
  • In the same period, India rated a decline in its imports from 124 countries, which could result in economic conditions.
  • According to the Union Ministry of Commerce and Industry, India exported total merchandise at $437.06 billion in 2023-24, reflecting a decline of about 3 per cent over the previous fiscal year 2022-23.
  • However, services exports increased to the standard of $341.1 billion in 2023-24 from $325.33 billion in the previous year 2022-23.
  • Among India's top 10 export markets, Indian exports registered a growth of 13 per cent.
  • In 2023-24, the United Arab Emirates (UAE) became India's major goods export market. India's exports to the UAE stood at USD 35.6 billion, up 12.71 per cent year-on-year.
  • Singapore's exports increased by 20.19 percent to $ 14.4 billion. China's exports increased by 8.70% and led to exports of $16.7 billion.
  • Albania recorded faster export growth of 234.97 percent, Romania 138.84 percent, and Russia 35.41 percent.
Recent Post's

  • India has launched its first national biobank for Lysosomal Storage Disorders, integrating data from 530 patients to boost affordable diagnostics and therapies.

    Read More....

  • Odisha will add QR codes to land records for instant digital verification, ensuring tamper-proof ownership transparency.

    Read More....

  • India and the UK signed a defence pact allowing Indian Air Force instructors to train British fast jet pilots at RAF Valley. The move signals deeper military trust and cooperation.

    Read More....

  • Andrey Gyurov has been appointed interim prime minister by Bulgaria’s president to oversee April elections amid political instability. He is expected to ensure a fair and stable transition.

    Read More....

  • Brazilian MMA fighter Pablo Oliveira Costa died at 31 due to an electrocution accident while working in São José. Tributes praised his dedication and fighting spirit.

    Read More....

  • Russia has blocked WhatsApp citing legal non-compliance and is pushing citizens toward a state-backed alternative. The move reflects tighter digital control policies.

    Read More....

  • Brazilian President Luiz Inácio Lula da Silva will visit India from Feb 18–22 to strengthen trade, defence, and technology cooperation. The trip highlights growing strategic ties.

    Read More....

  • Saudi Arabia will host the Human Capability Initiative 2026 in Riyadh under Vision 2030, naming the UK as Country of Honor.

    Read More....

  • Actor James Van Der Beek, known for Dawson’s Creek, has died at 48 after battling cancer. His legacy shaped late-1990s teen television culture.

    Read More....

  • Proclaimed by UNESCO in 2011 and adopted by the UN in 2012, February 13 is celebrated as World Radio Day.

    Read More....