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Which of the following items account for the largest share in Indian exports?
- a)Readymade garments
- b)Chemicals
- c)Gems and precious stones
- d)Iron
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
Which of the following items account for the largest share in Indian e...
Overview of Indian Exports
India's export landscape is diverse, with various sectors contributing significantly to its economy. Among these, gems and precious stones stand out as a major export category.
Significance of Gems and Precious Stones
- High Value: Gems and precious stones, including diamonds, emeralds, and rubies, command high prices on international markets, resulting in a significant contribution to India's total export earnings.
- Global Demand: India is one of the largest exporters of cut and polished diamonds. The global demand for these luxury items continues to grow, particularly in markets such as the USA, UAE, and Hong Kong.
Comparison with Other Export Categories
- Readymade Garments: Although garments are a substantial sector, they often face stiff competition from countries like Bangladesh and Vietnam, affecting their export share.
- Chemicals: This sector is important, but it is more fragmented, with various chemicals and intermediates having different demand levels.
- Iron: While iron ore is significant, the demand fluctuates based on global market conditions, impacting its export stability.
Conclusion
In summary, the dominance of gems and precious stones in Indian exports can be attributed to their high value and consistent global demand. This sector not only enhances India's export profile but also contributes to job creation and economic growth in the country.
India's export landscape is diverse, with various sectors contributing significantly to its economy. Among these, gems and precious stones stand out as a major export category.
Significance of Gems and Precious Stones
- High Value: Gems and precious stones, including diamonds, emeralds, and rubies, command high prices on international markets, resulting in a significant contribution to India's total export earnings.
- Global Demand: India is one of the largest exporters of cut and polished diamonds. The global demand for these luxury items continues to grow, particularly in markets such as the USA, UAE, and Hong Kong.
Comparison with Other Export Categories
- Readymade Garments: Although garments are a substantial sector, they often face stiff competition from countries like Bangladesh and Vietnam, affecting their export share.
- Chemicals: This sector is important, but it is more fragmented, with various chemicals and intermediates having different demand levels.
- Iron: While iron ore is significant, the demand fluctuates based on global market conditions, impacting its export stability.
Conclusion
In summary, the dominance of gems and precious stones in Indian exports can be attributed to their high value and consistent global demand. This sector not only enhances India's export profile but also contributes to job creation and economic growth in the country.
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Which of the following items account for the largest share in Indian exports?a)Readymade garmentsb)Chemicalsc)Gems and precious stonesd)IronCorrect answer is option 'C'. Can you explain this answer?
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Which of the following items account for the largest share in Indian exports?a)Readymade garmentsb)Chemicalsc)Gems and precious stonesd)IronCorrect answer is option 'C'. Can you explain this answer? for CA Foundation 2025 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about Which of the following items account for the largest share in Indian exports?a)Readymade garmentsb)Chemicalsc)Gems and precious stonesd)IronCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for CA Foundation 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Which of the following items account for the largest share in Indian exports?a)Readymade garmentsb)Chemicalsc)Gems and precious stonesd)IronCorrect answer is option 'C'. Can you explain this answer?.
Which of the following items account for the largest share in Indian exports?a)Readymade garmentsb)Chemicalsc)Gems and precious stonesd)IronCorrect answer is option 'C'. Can you explain this answer? for CA Foundation 2025 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about Which of the following items account for the largest share in Indian exports?a)Readymade garmentsb)Chemicalsc)Gems and precious stonesd)IronCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for CA Foundation 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Which of the following items account for the largest share in Indian exports?a)Readymade garmentsb)Chemicalsc)Gems and precious stonesd)IronCorrect answer is option 'C'. Can you explain this answer?.
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