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ECONOMICS PROJECT

India's major exports include petroleum products, diamonds, textiles, and pharmaceuticals, with total exports rising from $309B in 2017 to $468B in 2022. The country is the world's largest exporter of diamonds and rice, while its top imports consist of crude petroleum, gold, and electronic goods. The document highlights the significant role of exports in job creation and economic contribution.

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0% found this document useful (0 votes)
9 views2 pages

ECONOMICS PROJECT

India's major exports include petroleum products, diamonds, textiles, and pharmaceuticals, with total exports rising from $309B in 2017 to $468B in 2022. The country is the world's largest exporter of diamonds and rice, while its top imports consist of crude petroleum, gold, and electronic goods. The document highlights the significant role of exports in job creation and economic contribution.

Uploaded by

rimshamodak14
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© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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ECONOMICS PROJECT

INTRODUCTION

Major exports of India, includes petroleum products, diamonds, and


jewellery.Exports are vital for traders because they create jobs, raise living
standards, and contribute considerably to the economy Most exported products from
India include Petroleum products, gems and jewellery, textiles and garments,
medicines, organic and inorganic chemicals, machinery and equipment, iron and
steel, cars, dairy products, and tea are among India's top ten exports. In 2022, India
was the world's biggest exporter of Diamonds ($25.9B), Rice ($11.1B), Non-Retail
Pure Cotton Yarn ($3.23B), Synthetic Reconstructed Jewellery Stones ($1.84B),
and Other Pure Vegetable Oils ($1.28B) Imports The top imports of India are Crude
Petroleum ($170B), Coal Briquettes ($58.7B), Gold ($35.8B), Petroleum Gas ($32B),
and Diamonds ($26.1B), importing mostly from China ($110B),

Content

During the last five reported years the exports of India have
changed by $159B from $309B in 2017 to $468B in 2022. The most
recent exports are led by Refined Petroleum ($86.2B), Diamonds
($25.9B), Packaged Medicaments ($19.5B), Jewellery ($12.6B),
and Rice ($11.1B)
Major Exports from India (2018-2023)

1. Petroleum Products: India is a significant exporter of refined


petroleum products.
2. Jewelry and Precious Stones: This sector includes diamonds, gold
jewelry, and other precious stones.
3. Pharmaceuticals: India is known as the "pharmacy of the world,"
exporting generic drugs and active pharmaceutical ingredients
(APIs).
4. Textiles and Apparel: This includes cotton, silk, and ready-made
garments.
5. Engineering Goods: This category covers machinery, automotive
components, and other manufactured goods.
6. Agricultural Products: Key items include rice, spices, tea, and
seafood.
Major Imports to India (2018-2023)

1. Crude Oil: India is one of the largest importers of crude oil, which
constitutes a significant portion of its import bill.
2. Gold and Silver: Precious metals are major imports due to jewelry
manufacturing.
3. Electronic Goods: This includes mobile phones, computers, and
other consumer electronics.
4. Machinery and Equipment: Various types of machinery for
industrial and agricultural use.
5. Chemicals: Including fertilizers and other industrial chemicals.
6. Coal and Other Fuels: Used primarily for energy generation and
industrial processes.

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