According to Economic Survey 2021-22, which country is the top most export destination of India? 

The correct answer is United States of America (USA).

Key Points

• The United States of America (USA) is the top export destination for India, according to the Economic Survey 2021-22.
• In the fiscal year 2021-22, India exported goods worth approximately $51.62 billion to the USA.
• The major export items from India to the USA include pharmaceuticals, textiles, gems and jewelry, and machinery.
• The USA has consistently been one of the largest trading partners of India, contributing significantly to India's export growth.
• The trade relations between India and the USA have been bolstered by strong bilateral ties and economic cooperation.

Additional Information

• India's Export Sectors:
  • India's top export sectors include engineering goods, petroleum products, gems and jewelry, and textiles.
  • The pharmaceutical sector also plays a crucial role in India's export economy.
• Trade Agreements:
  • India has signed various bilateral and multilateral trade agreements to enhance its trade relations globally.
  • Examples include agreements with ASEAN, Japan, and South Korea.
• Bilateral Trade:
  • India and the USA have a robust bilateral trade relationship, with significant investments flowing both ways.
  • The two countries have engaged in dialogues to address trade barriers and enhance market access.
• Economic Survey:
  • The Economic Survey is an annual document released by the Ministry of Finance, Government of India.
  • It reviews the developments in the Indian economy over the past financial year and provides an outlook for the upcoming year.
• India-USA Relations:
  • The India-USA relationship is multifaceted, encompassing trade, defense, technology, and cultural exchanges.
  • Both countries aim to strengthen their strategic partnership through various initiatives and collaborations.