International Trade (Part – III)

As per the question period and at present, option (b) is the correct answer. According to the Economy Survey 2022-23, value of principal exports (in US $ million) from India are as follows:

As per the question period, readymade garments and gems and jewellery constituted the largest items of export from India. However, at present engineering goods has highest value and share in exports from India. As per the question period and at present, option (b) is the correct answer. According to the Economy Survey 2022-23, value of principal exports (in US $ million) from India are as follows:

As per the question period, readymade garments and gems and jewellery constituted the largest items of export from India. However, at present engineering goods has highest value and share in exports from India. As per the question period and at present, option (b) is the correct answer. According to the Economy Survey 2022-23, value of principal exports (in US $ million) from India are as follows:

As per the question period, readymade garments and gems and jewellery constituted the largest items of export from India. However, at present engineering goods has highest value and share in exports from India. As per the question period and at present, option (b) is the correct answer. According to the Economy Survey 2022-23, value of principal exports (in US $ million) from India are as follows:

As per the question period option (b) was the correct answer, but according to the data of recent years, among the given items, agricultural and allied products is the largest contributor to the export earnings. As per the Economic Survey 2022-23, the percentage share of major exports in recent years is as follows:

As per the question period option (b) was the correct answer, but according to the data of recent years, among the given items, agricultural and allied products is the largest contributor to the export earnings. As per the Economic Survey 2022-23, the percentage share of major exports in recent years is as follows:

As per the question period option (b) was the correct answer, but according to the data of recent years, among the given items, agricultural and allied products is the largest contributor to the export earnings. As per the Economic Survey 2022-23, the percentage share of major exports in recent years is as follows:

As per 2010 statistics, percentage share of gems and jewellery in India's export was around 18%. According to the Economic Survey 2022-23, Gems & Jewellery has 9.3 percent share in commodity exports of India for the year 2021-22.

Among the given options, India earns maximum foreign exchange by the export of textiles. As per the data of Ministry of Textile, the export of textiles in 2022-23 stood at US $ 36686 million compared to US $ 44435 million in 2021-22.

India exports 75% of the world's polished diamonds as per statistics from the Gem and Jewellery Export Promotion Council (GJEPC). India's Gems and Jewellery sector has been contributing in a big way to the country's foreign exchange earnings. It is happened due to availability of experts who perform the cutting and polishing of the imported diamonds. India is deemed to be the hub of the global jewellery market because of its low costs and availability of high-skilled labour. India is the world's largest cutting and polishing centre for diamonds, with the cutting and polishing industry being well supported by government policies. The Indian Government presently allows 100% Foreign Direct Investment (FDI) in the sector through the automatic route, bora As per the data of Gem & Jewellery Export Promotion Council (GJEPC), cut and polished diamonds exports from India plunged 27.5% to US$ 15.97 billion in FY 2023-24 as compared to 2022-23.