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Question
Study the table showing the composition of India’s exports since 2015-2021 and answer the question.
| Commodities | 2015-2016 | 2016-17 | 2020-21 | 2021-22 |
| Agriculture and allied products | 12.6 | 12.3 | 14.3 | 11.9 |
| Ore and Minerals | 1.6 | 1.9 | 3.2 | 2.0 |
| Manufactured goods | 72.9 | 73.6 | 71.2 | 67.8 |
| Crude and petroleum products | 11.9 | 11.7 | 9.2 | 16.4 |
| other commodities | 1.1 | 0.5 | 2.1 | 1.9 |
How have the composition and trends in India’s exports evolved since 2015-16? Highlight five key changes.
Very Long Answer
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Solution
- The composition of commodities in India’s international trade has been undergoing a change over the years. In export the share of agriculture and allied products and manufactured goods has decreased.
- Shares from crude petroleum and products and other commodities have increased.
- The share of ore and minerals has largely remained constant over the years from 2015-16 to 2021-22.
- The decline in traditional items is largely due to the tough international competition.
- Amongst the agriculture products, there is a decline in the export of traditional item, such as cashew, etc., though an increase has been registered in floricultural products, fresh fruits, marine products and sugar, etc.
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