Which country emerged as India's third-largest export destination in 2023-24?

ANS:D - Netherlands

In the fiscal year 2023-24, United Arab Emirates (UAE) emerged as India's third-largest export destination. This marked a significant milestone in the trade relationship between the two countries, highlighting the UAE's growing importance as a key partner in India's international trade. The increased exports to the UAE reflect robust economic ties and a strengthening of trade links, with Indian goods spanning various sectors, including petroleum products, gems and jewelry, textiles, and machinery, finding a significant market in the UAE. The UAE's strategic location as a global trade hub and its role as a major re-export center contribute to its prominence as an export destination for India. This development underscores the positive trend in bilateral trade and the effectiveness of trade policies and agreements aimed at boosting economic cooperation between the two nations. The enhanced trade relations with the UAE not only benefit Indian exporters but also contribute to the broader goal of diversifying export markets and enhancing India's global trade presence.