OECD countries
USA
SAARC
Latin America
Answer is Right!
Answer is Wrong!
The correct answer is A. OECD countries.
The OECD (Organisation for Economic Co-operation and Development) is an intergovernmental organisation that promotes policies that foster prosperity, economic growth, and social well-being. It is a forum of 38 member countries, most of which are high-income democracies with market economies.
In 2013-14, India’s exports to OECD countries amounted to $273.2 billion, which was 23.1% of India’s total exports. The top five OECD destinations for Indian exports were the United States ($53.8 billion), the United Kingdom ($23.4 billion), Germany ($22.6 billion), Japan ($19.2 billion), and France ($17.9 billion).
The other options are incorrect because:
- B. USA: In 2013-14, India’s exports to the USA amounted to $53.8 billion, which was 19.2% of India’s total exports.
- C. SAARC: In 2013-14, India’s exports to SAARC countries amounted to $28.8 billion, which was 9.2% of India’s total exports.
- D. Latin America: In 2013-14, India’s exports to Latin America amounted to $18.2 billion, which was 6.1% of India’s total exports.