UK beats China as India's 4th largest export market

Current Context: The UK has indeed overtaken China to become India’s fourth-largest export market as of May 2024.

• Growth in Exports: The UK’s imports from India increased significantly, with a one-third growth to $1.37 billion in May 2024.
• Comparison with China: While the UK saw substantial growth, exports to China also grew but at a slower pace of 3%, totaling $1.33 billion.
• Previous Year’s Data: In the previous year, the UK was ranked as India’s sixth-largest export market, indicating a notable rise in its position.
• Disaggregated Data: Specific disaggregated data for May wasn’t immediately available, but the trend over the past few months showed that exports to the UK have been increasing.

Question:

1 Which country did the UK overtake to become India's fourth-largest export market as of May 2024?

• A) Japan
• B) Germany
• C) China
• D) USA

Answer: C) The UK has indeed overtaken China to become India’s fourth-largest export market as of May 2024.