India’s exports have seen a steady growth over the last six months, but bucking this trend trade with the European Union (EU), which is the second largest export market for India after the USA, has seen a steady decline.
According to an analysis by MVIRDC WTC Mumbai, the share of the European Union in India’s merchandise exports has declined in the last 20 years. The share of the European Union in India’s overall goods exports declined from 18% in 2001 to 14% in 2020, even though there was growth in the absolute value of shipments. India’s exports to the European Union stagnated around $45 billion …
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