China now India s 2nd largest export partner
RT.com
26 Jun 2021, 19:13 GMT+10
China has replaced the United Arab Emirates as India s second-biggest export destination in fiscal year 2021, with outbound shipments to the neighboring country rising 27% to over $21 billion despite the pandemic.
Official data shows that the US remained the country s top export partner, but shipments declined 2.78% to $51.63 billion.
Iron ore, organic chemicals, and oil were the top exports to China in the year ending March 31, despite border tensions between the two nations. China s share of India s export basket increased to 7.29% in fiscal 2021 from 5.3% in the previous year. There was a strong increase in exports of rice, wheat, corn, other cereals, processed food products, fruits and vegetables in 2020-21 with the incorporation of new export markets, Chairman of Agricultural and Processed Food Products Export Development Authority (APEDA) Madhaiyaan Angamuthu was quoted as saying by the Econom
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