Foreign Trade of India — Economics STD 12 Commerce / Arts — Question
Maharashtra BoardEnglish MediumSTD 12 Commerce / ArtsEconomicsForeign Trade of India4 Marks
Question
India is exporting many commodities goods.
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Answer
Yes, I do agree with this statement. India exports many commodities like :
Engineering goods : It has the large share in the export of India. The share of engineering goods was 25% in the total exports in 2017-18.
Petroleum products : India turned as a net exporter of petroleum refinery products. India’s export of petroleum product was 20.1% in 2013-14.
Chemicals and chemical product : India is exporting chemicals and chemical products to many countries from last few years. In the year 2014-15 the share of chemicals was 10.4% in total exports of the country.
Gems and Jewellery : It is one of the major contributor which helps to earn foreign exchange. According to DGCI Kolkata, the value of Gems and Jewellery export was $38.96 billion in 2018-19.
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