As Joe Biden takes oath as the 46th president of the United States (US), a look at the data shows the country continues to remain a major destination of foreign exchange earnings for India.
Exports to the US account for 15-17% of India’s merchandise outbound shipments. Though China is at a distant second, it has improved its position from fourth and third-biggest export destination.
China also continues to remain the main source of our imports, with the US at the fifth place.
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