Question
Download Solution PDFWhich one of the following continents accounts for the maximum share in exports from India?
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFThe correct answer is Asia.
India's Export share
- India is a South Asian nation that shares land borders with China, Nepal and Bhutan to its north-east, Burma and Bangladesh to its east, and Pakistan to its west.
- India exported US$322.8 billion worth of goods around the globe in 2019 that reflects a 22.3% gain from 2018 to 2019.
- According to the continental share, almost half (47.8%) of India’s exports by value were delivered to fellow Asian countries while 19.3% were sold to European importers. Hence option 1 is correct.
- India exported another 18.8% worth of goods to North America.
- A smaller percentage went to Africa (9.1%), Latin America excluding Mexico but including the Caribbean (3%), and Oceania led by Australia (1.1%).
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