Exports Saw Sharp Fall On Decline In US, UAE Share

Data from the commerce department showed that exports to India's major export destinations—the US, the United Arab Emirates, China, Singapore, Bangladesh, and Germany—saw a substantial reduction, leading to a 12.69% decrease in outbound shipments during the first month of the new fiscal year. The US, which accounts for 17% of all exports from India, had a 17.16% decline in April, totaling $5.9 billion. The United Arab Emirates (UAE), which suffered a fall of 22.09 percent at $2.23 billion in exports, came next. These two nations had an export proportion of more than 23% in April with items worth $8.13 billion. India's top 10 export destinations showed a decline in these six nations, but increased exports to Saudi Arabia, the Netherlands, the United Kingdom (UK), and Italy. saw growth of 8.38%, 23%, 20.69%, and 3.59%, respectively.