Australia emerges as largest exporter of Iron ore to India

Australia was the largest exporter of iron ore to India in the 2017-18 fiscal year ended 31 March after being a marginal supplier for the past several years. Australia replaced South Africa and Brazil as the major suppliers to India. Australia exported 2.86mn tonnes of iron ore in 2017-18, around 33pc of total Indian imports,
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With $ 47.9 billion worth of shipments last fiscal, the US has emerged as the top export destination for Indian goods, followed by the UAE and Hong Kong, according to Commerce Ministry data. “USA was India’s top export market during April-March 2018 with exports reaching $ 47.9 billion, followed by the UAE ($ 28.1 billion)
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Railways has emerged as the most preferred mode of transportation for automobiles, given its low cost, faster service, reliability and safety. In 2017-18, around 29 million vehicles were manufactured in the country, registering a growth of 14.78 per cent over the same period the previous year. Given the current low car penetration, rising prosperity, and
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