According to recent figures released by the Indian Ministry of Commerce, the UAE remains the second most significant export destination for India. The US and UAE held onto their first and second positions, respectively, during the financial year 2022-23. The ministrys figures, released two weeks into the new fiscal year, indicate a six percent increase in Indias overall exports of goods and Services during the financial year that concluded last month
The US and the UAE retained their first and second positions as Indias top export destinations
Indias total exports of goods and services grew by six percent during this period
The Netherlands replaced China to secure the third spot in Indias overall export ranking due to higher imports of refined petroleum products via the maritime nation
Among the GCC countries, only Saudi Arabia made it to the list of Indias top export destinations and import sources, ranking eighth and fifth, respectively