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Question
Find out and prepare a list of major items that India imported and exported during 1990-91 and 2018-19.
- Observe the difference
- Do you see the impact of self-reliance? Discuss.
Activity
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Solution
| Period | Major Exports | Major Imports |
| 1990-91 | Tea, coffee, spices, cotton textiles, leather, gems and jewellery, engineering goods | Petroleum, machinery, chemicals, fertilisers, iron and steel, pearls and precious stones |
| 2018-19 | Engineering goods, petroleum products, chemicals, medicines, gems and jewellery, textiles, agricultural products | Crude petroleum, gold, electronic goods, machinery, chemicals, coal and precious stones |
India’s total merchandise exports increased from about ₹ 32,553 crore in 1990-91 to ₹ 23,07,726 crore in 2018-19, while imports increased from about ₹ 43,198 crore to ₹ 35,94,675 crore.
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- In 1990-91, India exported a larger share of traditional and agricultural products.
- By 2018-19, exports included more engineering goods, petroleum products, chemicals and pharmaceuticals.
- Imports also changed, with petroleum, electronics and machinery becoming very important.
- This shows that India’s economy became more industrialised and connected with world markets.
-
- In 1990-91, India exported a larger share of traditional and agricultural products.
- By 2018-19, exports included more engineering goods, petroleum products, chemicals and pharmaceuticals.
- Imports also changed, with petroleum, electronics and machinery becoming very important.
- This shows that India’s economy became more industrialised and connected with world markets.
Thus, between 1990-91 and 2018-19, India moved from greater dependence on traditional exports towards a more diversified industrial export structure, showing considerable progress in self-reliance.
shaalaa.com
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