India is a South Asian country with a fast-expanding economy that shares borders with Bangladesh, Myanmar, China, Nepal, Bhutan, and Pakistan. The nation is in a key maritime location, bordered to the east by the Bay of Bengal and to the west by the Arabian Sea. India's capital, New Delhi, is the main center for international trade, policymaking, and business. As per a report on India export data, India is expected to rank among the world's greatest economies in 2024, with a GDP of about USD 3.94 trillion. India is the 16th-largest exporter in the world, according to global trade data. In 2024, the United States will be the largest importer of Indian commodities. It is projected that India will export products worth USD 516 billion in 2024.
As per India trade data, Refined petroleum continues to be the best-performing commodity among all exported goods, demonstrating India's industrial and refining prowess. India's diverse economy, strong manufacturing base, and extensive service exports have allowed it to become a major player in international commerce. India keeps growing internationally with major improvements in free trade agreements, customs clearance, and logistics. The nation is a major exporter of jewelry, textiles, equipment, medicines, and petroleum products to more than 200 nations.
