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

  • World TB Day is observed on March 24, 2026, with the theme “Yes! We Can End TB: Led by Countries, Powered by People.”

    Read More....

  • Pakistan's Sahibzada Farhan was named ICC Men’s Player of the Month for February 2026 after a record-breaking T20 World Cup.

    Read More....

  • Indian pacer Arundhati Reddy won the ICC Women’s Player of the Month for February 2026 for her stellar performance against Australia.

    Read More....

  • LeBron James broke the NBA record for most regular-season games played, appearing in his 1,612th match on March 22, 2026.

    Read More....

  • 19-year-old para-athlete Ria Solanki won the gold medal in shot put at the National Para-Athletics Championship in Bhubaneswar.

    Read More....

  • Scientists in Pune discovered a new cockroach species, Neoloboptera peninsularis, using advanced DNA-based taxonomy.

    Read More....

  • Japan discovered a massive rare earth element deposit of over 16 million tonnes in the Pacific Ocean near Minamitorishima island.

    Read More....

  • Sikkim is set to host the 49th Yonex Sunrise Junior National Badminton Championship for the first time in November 2026.

    Read More....

  • The Telangana government announced the 'Indiramma Family Life Insurance Scheme' providing ₹5 lakh coverage to 1.15 crore families.

    Read More....

  • The Delhi government and IIT Madras are testing "smog-eating" titanium dioxide coatings on roads to combat urban air pollution.

    Read More....