Question
India’s merchandise shipments to certain Asian and
African regions contracted in FY23, thus weighing on overall growth in exports.But there was growth in exports to the European Union and the US. India’s merchandise exports had risen 6.7 per cent to _______ in FY23.Solution
India’s merchandise shipments to certain Asian and African regions contracted in FY23, thus weighing on overall growth in exports.There was growth in exports to the European Union and the US, notwithstanding the economic downturn and heightened geopolitical risks in the developed world. India’s merchandise exports had risen 6.7 per cent to $450.4 billion in FY23.
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