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Indian Exports Increase in African Markets
For the longest time, the US and the EU were the largest market for Indian exports. But ever since the COVID outbreak, order numbers from them have lowered.In the past year, Indian exports have found a bigger market in Africa and Latin America, especially Brazil.The South African market has grown four times in the last decade and a half. Automobiles and Pharmaceuticals are among the major products which are exported from India. Pharmaceutical exports have increased by 33% to USD 375 mn in 2020-21. And the number is going much higher.Image by UnsplashChina’s inability to export these goods during the
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For the longest time, the US and the EU were the largest market for Indian exports. But ever since the COVID outbreak, order numbers from them have lowered.In the past year, Indian exports have found a bigger market in Africa and Latin America, especially Brazil.The South African market has grown four times in the last decade and a half. Automobiles and Pharmaceuticals are among the major products which are exported from India. Pharmaceutical exports have increased by 33% to USD 375 mn in 2020-21. And the number is going much higher.Image by UnsplashChina’s inability to export these goods during the […]
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