Question
Describe the changes in composition of India’s exports.

Answer

Composition of export of India:
  • The percentage share of the agriculture and allied products have declined. There is a decline in the exports of traditional items such as coffee, spices, tea, pulses, etc.
  • The share of petroleum and crude products have increased due to rise in petroleum prices and increase in India’s refining capacity.
  • The share of ore & minerals and have largely remained constant over the years from 1997- 98 to 2003-04.
  • Manufacturing goods are the largest exporting commodities in the year 2003¬04 (75.96%). The percentage share of other commodities has increased due to an increase in fruits, marine products and sugar.
  • Engineering goods are the largest commodities on the export list. Crude and petroleum products also occupy a significant place in the list.
  • Textile sector could not achieve much inspite of liberal measures taken by government due to competition from China and other Asian countries.

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