`High growth nations emerge as India’s top export destinations`

India has rapidly diversified its exports markets from the traditional export partners towards emerging and developing economies, a PHD Chamber of Commerce and Industry said on Saturday.

Last Updated: Jul 21, 2012, 16:49 PM IST

Zeebiz Bureau

New Delhi: India has rapidly diversified its exports markets from the traditional export partners towards emerging and developing economies, a PHD Chamber of Commerce and Industry said on Saturday.

The high growth destinations, such as East Asian and South-East Asian economies like China, Singapore and Hong Kong have dominated the India’s exports scenario with the third, fourth and fifth positions during 2012.

This marks a considerable leap taken by these economies in this respect, as compared to 2001 and 2006. Indonesia, one of these economies has also emerged among the top ten export destinations in 2012.