Exports are very important boosters for the economy of any country.They help in maintaining ahealthy balance, sustainable development and the foreign exchange reserves of the country. In other wordsexports are very essential for the industrial development of a country.
India holds a highly respected and formidable position when it comes to the exports of certain goods. In order to compete internationally, the globalstandards need to be met, the price needs to be competitive and the packing word class.
Exports ratios remain high and stable only when the nexus between private and public sectors and FDI’s is hassle free and smooth. Exports have been playing a crucial role in the economy of India, in making it a global presence. Since 2002,the export figures have seen a steady rise and continue to do year by year.Indian export figures since its entry in WTO in 1995 have doubled.
Let’s have a look at a list of top exports made from India to the world –
7. Minerals Fuels and Oils
India exports Mineral oils and fuels and their related products like coal and oil. This category alone contributes to almost seventeen percent of the total exports. The states that are rich in minerals and their other by products are Jharkhand, West Bengal, Orissa,Rajasthan, Gujarat, Andhra Pradesh, Chhattisgarh, Goa, Madhya Pradesh and Maharashtra.
6. Cultured and Natural Pearls, Stones, Jewellery
India is one of the largest exporters of precious and semi precious stones and jewellery in the world. It also exports precious metals and coins. The states that are majorly intothis export are Andhra Pradesh, Gujarat, Delhi, Tamil Nadu and Kerala.
5. Vehicles, Railways, Rail Parts and Accessories
India has been exporting vehicles in all sizes and utilities to many nations in the world. Wehave been catering to the needs of South American nations and neighboring countries too. These exports have seena steady rise over the years and were last recorded at almost 5 percent of the total exports. The states that are benefitting from the trade are Gujarat, Maharashtra and Haryana to name a few.
4. Electrical Machinery
Indiais one of the major manufacturers of electronic goods and equipments. It has been exporting televisions and sound recorders to almost every corner of the world. These exports contribute to almost 4 percent of the total exports. The states with major manufacturing plantsare Gujarat, Maharashtra and Haryana and others.
3. Iron and Steel
India is a major exporter of steel and iron in the world. Names like Tata steel and Jindal steel have helped in getting India the respect it deserves. The states that benefit from this export are Bihar, West Bengal, Maharashtra, and Goa to name a few.
2. Fertilizers and Products
Indiais a major exporter of organic chemicals in the world. This constitutes one of the oldest export products from India. The states that are primarily into production of fertilizers are Andhra Pradesh, Chattisgarh, Bihar and Gujarat.
1. Nuclear Reactors And Boilers
India is a global presence in the field of nuclear energy. It is a force to be reckoned with.Exports of boilers, reactors, and other related machinery and appliances have been occurring for a very long time. The states that benefit from this are Karnataka, Maharashtra, Tamil Nadu and Rajasthan