India's exports rise in 115 out of 238 destinations in FY24: Govt

India’s imports have declined from 124 out of 229 nations, in FY24

India's exports have increased to as many as 115 countries out of the total 238 destinations during 202324 despite the global economic uncertainties, according to Commerce Ministry's data.

These 115 export destinations, which account for 46.5 per cent of India's export basket, include the US, UAE, Netherland, China, UK, Saudi Arabia, Singapore, Bangladesh, Germany and Italy.

The country's merchandise exports dipped by 3 per cent to $437.1 billion in the last fiscal. However, services exports rose to $341.1 billion in 202324 as against $325.3 billion in 2022-23.

The data showed that despite persistent global challenges, overall exports (goods and services together) hit the highest level in 2022-23.

Overall exports reached $778.2 billion in 2023-24 as compared to $776.4 billion in 2022-23, registering a marginal growth of 0.23 per cent.

The share of India's merchandise exports has also increased marginally from 1.70 per cent in 2014 to 1.82 per cent in 2023. India's rank in world merchandise exporters too has improved from 19th to 17th during the same period.