UPSC Exam > UPSC Questions > Which region accounted for the highest percen...
Start Learning for Free
Which region accounted for the highest percentage of India's export in 2004-05?
- a)West Europe
- b)America
- c)Asia and Oceania
- d)Africa
Correct answer is option 'C'. Can you explain this answer?
Verified Answer
Which region accounted for the highest percentage of India's export in...
In 2004-05, Asia and Oceania accounted for the highest percentage of India's exports, totaling 47.41%. This region includes many countries in Asia and the Pacific, making it a significant trading partner for India.
View all questions of this test
Most Upvoted Answer
Which region accounted for the highest percentage of India's export in...
Overview of India's Export Trends in 2004-05
In the fiscal year 2004-05, India experienced significant growth in its export sector. Among various regions, Asia and Oceania stood out as the dominant area for Indian exports.
Key Factors Contributing to Asia and Oceania's Dominance
- Economic Growth: The rapid economic development in countries like China, Japan, and South Korea created a robust demand for Indian goods.
- Trade Agreements: India engaged in multiple trade agreements with nations in Asia and Oceania, facilitating smoother trade processes and lower tariffs.
- Diverse Product Range: Exports to this region included textiles, engineering goods, and software services, catering to a wide array of market needs.
Comparison with Other Regions
- West Europe: While important, West Europe accounted for a smaller share of exports due to stringent regulations and competitive markets.
- America: The United States was a significant trading partner, but the percentage of exports remained lower compared to Asia and Oceania.
- Africa: This region had a growing market, yet India's exports to Africa were limited in comparison to the more established trade relationships with Asia.
Conclusion
In conclusion, the Asia and Oceania region accounted for the highest percentage of India's exports in 2004-05. This can be attributed to strong economic ties, favorable trade conditions, and an expanding market for Indian products in these areas. Understanding these dynamics provides insight into India's export strategies and priorities during that period.
In the fiscal year 2004-05, India experienced significant growth in its export sector. Among various regions, Asia and Oceania stood out as the dominant area for Indian exports.
Key Factors Contributing to Asia and Oceania's Dominance
- Economic Growth: The rapid economic development in countries like China, Japan, and South Korea created a robust demand for Indian goods.
- Trade Agreements: India engaged in multiple trade agreements with nations in Asia and Oceania, facilitating smoother trade processes and lower tariffs.
- Diverse Product Range: Exports to this region included textiles, engineering goods, and software services, catering to a wide array of market needs.
Comparison with Other Regions
- West Europe: While important, West Europe accounted for a smaller share of exports due to stringent regulations and competitive markets.
- America: The United States was a significant trading partner, but the percentage of exports remained lower compared to Asia and Oceania.
- Africa: This region had a growing market, yet India's exports to Africa were limited in comparison to the more established trade relationships with Asia.
Conclusion
In conclusion, the Asia and Oceania region accounted for the highest percentage of India's exports in 2004-05. This can be attributed to strong economic ties, favorable trade conditions, and an expanding market for Indian products in these areas. Understanding these dynamics provides insight into India's export strategies and priorities during that period.
|
Explore Courses for UPSC exam
|
|
Top Courses for UPSCView all
Question Description
Which region accounted for the highest percentage of India's export in 2004-05?a)West Europeb)Americac)Asia and Oceaniad)AfricaCorrect answer is option 'C'. Can you explain this answer? for UPSC 2025 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Which region accounted for the highest percentage of India's export in 2004-05?a)West Europeb)Americac)Asia and Oceaniad)AfricaCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for UPSC 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Which region accounted for the highest percentage of India's export in 2004-05?a)West Europeb)Americac)Asia and Oceaniad)AfricaCorrect answer is option 'C'. Can you explain this answer?.
Which region accounted for the highest percentage of India's export in 2004-05?a)West Europeb)Americac)Asia and Oceaniad)AfricaCorrect answer is option 'C'. Can you explain this answer? for UPSC 2025 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Which region accounted for the highest percentage of India's export in 2004-05?a)West Europeb)Americac)Asia and Oceaniad)AfricaCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for UPSC 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Which region accounted for the highest percentage of India's export in 2004-05?a)West Europeb)Americac)Asia and Oceaniad)AfricaCorrect answer is option 'C'. Can you explain this answer?.
Solutions for Which region accounted for the highest percentage of India's export in 2004-05?a)West Europeb)Americac)Asia and Oceaniad)AfricaCorrect answer is option 'C'. Can you explain this answer? in English & in Hindi are available as part of our courses for UPSC.
Download more important topics, notes, lectures and mock test series for UPSC Exam by signing up for free.
Here you can find the meaning of Which region accounted for the highest percentage of India's export in 2004-05?a)West Europeb)Americac)Asia and Oceaniad)AfricaCorrect answer is option 'C'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of
Which region accounted for the highest percentage of India's export in 2004-05?a)West Europeb)Americac)Asia and Oceaniad)AfricaCorrect answer is option 'C'. Can you explain this answer?, a detailed solution for Which region accounted for the highest percentage of India's export in 2004-05?a)West Europeb)Americac)Asia and Oceaniad)AfricaCorrect answer is option 'C'. Can you explain this answer? has been provided alongside types of Which region accounted for the highest percentage of India's export in 2004-05?a)West Europeb)Americac)Asia and Oceaniad)AfricaCorrect answer is option 'C'. Can you explain this answer? theory, EduRev gives you an
ample number of questions to practice Which region accounted for the highest percentage of India's export in 2004-05?a)West Europeb)Americac)Asia and Oceaniad)AfricaCorrect answer is option 'C'. Can you explain this answer? tests, examples and also practice UPSC tests.
|
|
Explore Courses for UPSC exam
|
|
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
|
© EduRev
|
Education Revolution
|
|
Signup on EduRev and stay on top of your study goals
10M+ students crushing their study goals daily