The UAE has emerged as the top export destination for India during 2012, while the country’s shipments to the US are declining, a study has said.
Although the US has maintained its high position in India’s top 10 export destinations over the years, its share in the country’s total exports has registered a slip from about 21 per cent in 2001 to 17 per cent in 2006 to 12 per cent in 2012, industry body PHDCCI said in the study.
Whereas, UAE’s contribution has increased to 12 per cent in 2012 from about 6 per cent in 2001, it said.
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