Top 10 Best Indian Export Products
India's import-export business is booming, and many Indian states are exporting large quantities of goods that contribute to the country's GDP. Imports and exports, in general, are essential aspects of every country's economy and through the export of high-quality and certified products, any country makes a lot of money.
India is one of the countries earning billions of dollars by exporting various products and raw materials to other countries. Top exports from Maharashtra, Gujarat and other Indian states make a significant contribution to our economy.
Suppose you want to start an export import business. In such a situation, you should read this blog article as we have discussed exporting Indian products from UAE, Australia, Iran, Saudi Arabia, United States, United Kingdom, Malaysia and many other countries.
The top ten best Indian export products are as follows
Petroleum products top the list when it comes to Indian exports. The value of petroleum exports is estimated at .2 61.2 billion.
Companies like Hindustan Petroleum Corporation Limited, Bharat Petroleum, Reliance Petroleum, ONGC and others have made significant contributions to India's export sector. Although India is heavily dependent on oil imports, exports of oil-based products are making a significant contribution to the Indian economy.
Jewelry is another major export in India. It is valued at about .2 41.2 billion. Gold, gems, and other related materials are all included in the term "jewelry." India consumes about one-fifth of the world's gold production, accounting for 75% of the total.
The jewelery sector benefits from the support of banks and favorable government policies, which help to increase and expand the export of jewelery.
India exports only 30% of its jewelery to the US, with Hong Kong, the UAE, Singapore and Belgium in the top five.
Automobiles are the third most important export sector in India. It has a market capitalization of about .5 14.5 billion. Automobiles are one of the fastest growing export sectors in India, growing at about 17% year-on-year. India invests heavily in the automobile industry and exports as the world's leading steel producer.
4. Machinery
Another essential is Indian export machinery. Its market value is around .6 13.6 billion. Exports of heavy machinery from India are growing at a rate of 10.5 per cent per annum. This category includes cars, pumps, heavy machinery, building construction equipment, agricultural equipment and other heavy machinery.
The current market value of biochemicals is approximately 12 billion. In India, biochemical production is a billion dollar industry. Biochemical production is a significant contributor to the Indian economy and an essential component of the national economy.
Along with producers and exporters, research institutes have played an important role in biochemical exports
Another essential is Indian export medicine. In today's market, drug exports are worth about .7 11.7 billion. Their reliance on drug research has increased in recent years.
Suven Life Sciences Ltd., J. B. Chemicals and Pharmaceuticals Ltd., Dr. Reddy's Laboratories, Aurobindo Pharma, Lupine, Ranbaxy, Sun Pharma, Zydus Cadila, Glockem and Calyx are some of the world's leading pharmaceutical companies.
India is the second largest producer and exporter of cereals with a total value of 1 10.1 billion. As an agricultural country, India relies heavily on grain production from importing countries such as Iran, Saudi Arabia, Indonesia, the United Arab Emirates and Bangladesh.
With a market value of 9 billion, India is the fourth largest steel producer in the world. Since independence, India has become an importer and an exporter as the country has seen significant industrial growth.
India's iron and steel exports are led by well-known steel tycoons like TISCO, IISCO, Bhilai Iron and Steel Center and Visvesvaraya Iron and Steel Limited.
Indian ethnic clothing and handicrafts are widespread around the world. India's textile export business is $ 9 billion and is the country's Trump card for exports. India accounts for one third of the global textile and textile market
Electronics is the last but not least. The market for Indian electronic exports is around 9 9 billion. Although it seems that India imports electrical equipment, the reality is quite different. Extensively, Indian electronic exports thrived quietly. The third largest pool of electronic scientists and engineers is found in India.
Furthermore, domestic demand for electronic goods drives the sector to expand faster and more significantly, emphasizing the need for exports.
Final words -
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