International Trade in India

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Questions and Answers

Which sector accounted for the largest share of India's total exports in 2016-17?

Manufacturing sector (correct)
Agriculture and allied products
Minerals and ores
Petroleum and crude products

The share of traditional items in India's exports has significantly increased due to less competition.

False (B)

Name one of the major competitors to India in the export market.

China

During the 1950s and 1960s, India primarily imported ______ due to food shortages.

<p>food grains</p> Signup and view all the answers

Match the following items with their export / import pattern:

<p>Agriculture and allied products = Declined in export share Petroleum and crude products = Increased in export share Food grains = Major import item during food shortages Capital goods = Major import item during food shortages</p> Signup and view all the answers

Flashcards

Decline of Agricultural Exports

The percentage of agricultural and related products in India's total exports has decreased over time.

Rise of Petroleum and Other Commodities Exports

Petroleum and crude products, as well as other raw materials, are now a larger part of India's exports.

Stable Share of Ore, Minerals, and Manufactured Goods

The percentage of ore, minerals, and manufactured goods in India's exports has stayed relatively stable.

Competition in International Markets

Global competition from countries like China has contributed to the decreasing share of traditional Indian exports.

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Importance of Manufacturing in Indian Exports

In 2016-17, the manufacturing sector was responsible for more than 70% of India's total export value.

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Study Notes

International Trade (India Book)

India's agricultural and related product exports have decreased.
Petroleum and raw material exports have increased.
Ore minerals and manufacturing goods export percentages have largely remained consistent.
Traditional export items have declined due to strong competition.
Manufacturing exports accounted for 73.6% of India's total export value in 2016-17.
China and other Asian countries are major export competitors.