China now India’s 2nd largest export partner ...News

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China now India’s 2nd largest export partner
source : Russia Today ( News ) () 9
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,

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