Export destinations moving towards Asia, Africa: PHDCCI

Q.  Exports destinations are shifting towards which two nations overtaking traditional markets like US and EU?
- Published on 21 Nov 15

a. Asia
b. Africa
c. Australia
d. Both a and b

ANSWER: Both a and b
 
PHDCCI has found that Asia and Africa are fast emerging as export destinations, beating traditional markets like US and EU. Share of advanced economies in Indian exports has fallen from 44% in 2004-2005 to 37% in 2014-2015. Share of developing nations in Asia to the country’s exports has risen from 48% in 2004-2005 to 50% in 2014-2015. India’s exports product composition to different regions is concentrated in top 10 commodities of exports. India also needs to enhance manufacturing sector productivity according to the report.

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