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    Question

    Which country has recently beaten China & became

    India’ s third- largest export market?
    A UAE Correct Answer Incorrect Answer
    B UK Correct Answer Incorrect Answer
    C Netherlands Correct Answer Incorrect Answer
    D Indonesia Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    ·       The Netherlands has emerged as India ’ s third - largest export destination , ahead of China and Bangladesh . It has moved up two spots in the list of India ’ s top ten export destinations since FY22 ·       Brazil, which occupied the 21st spot in FY22, is now India ’ s 8th biggest export market . Similarly, Indonesia has moved up seven notches to grab the 7th position . However, amid a demand slowdown, only two European nations — the Netherlands and the UK – are among India ’ s top ten markets , against 4 in FY22 . Germany and Belgium , which featured in the list last fiscal, are out of it now . Meanwhile, the US and the UAE continue to be the largest and second - largest export destinations, respectively, for India . ·       The exports to the US climbed 18 . 3 % until August to $35 . 2 billion, while those to the UAE shot up 27 . 3 % to $13 . 8 billion .

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