Netherlands is India's 3rd largest export destination in 2023-24

Daily Current Affairs / Netherlands is India's 3rd largest export destination in 2023-24

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Category : Miscellaneous Published on: June 11 2024

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The Netherlands became India's third-largest export destination in 2023-24, following the US and UAE, marking a significant position in India's trade hierarchy.
Despite a minor decline in India's overall merchandise exports, the trade surplus with the Netherlands grew substantially to USD 17.4 billion in 2023-24, up from USD 13 billion in the previous fiscal year.
The significant increase in trade surplus highlights the strong and growing economic relationship between India and the Netherlands, reflecting robust bilateral trade dynamics.

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Netherlands is India's 3rd largest export destination in 2023-24