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

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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