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

International Civil Aviation Day on 7 December highlights the global importance of air transport and ICAO’s new 2026–2050 plan for safe and sustainable aviation as passenger numbers may reach 12.4 billion by 2050.
Read More....
Three-year-old Sarwagya Singh Kushwaha from Madhya Pradesh became the youngest player in history to receive a FIDE chess rating, debuting at 1572.
Read More....
Under the National Mission on Edible Oils, India has expanded oil palm coverage to 6.20 lakh hectares by November 2025, moving towards self-reliance in edible oil production.
Read More....
International Anti-Corruption Day on 9 December marks global commitment to the UN Convention against Corruption, which came into force in 2005.
Read More....
India sent four additional Navy ships carrying 1,000 tons of relief material to cyclone-hit Sri Lanka under Operation Sagar Bandhu.
Read More....
IMF has recognized India’s UPI as the world’s largest real-time payment system, accounting for nearly 49% of global instant transactions.
Read More....
Renowned labour rights activist Dr. Baba Adhav passed away at 95 after decades of work for unorganised sector workers in Maharashtra.
Read More....
India Post opened Kerala’s first Gen-Z–focused Post Office extension at CMS College, designed jointly by students and postal officials.
Read More....
The US and Rwanda signed a $228 million five-year health partnership focusing on HIV, malaria, surveillance, and digital health systems.
Read More....
RBI announced ₹1,00,000 crore OMO purchases and a $5 billion USD/INR swap to ease liquidity pressure in the financial system.
Read More....