• India is the fastest growing economy in the world, according to recent data. In past four years, India's export amount has risen by 44 percent. In 2014, the country's total export was over 318 billion dollars. According to statistical reports, India's total GDP has accumulated to more than 7.9 trillion dollars this year.
  • Exports contribute around four percent to India's gross economic output. During 2014, 10 commodities were exported the most and fetched foreign currency for India.
  • Here are the 10 commodities most exported from India and their dollar value:

1. Petroleum products:

Value - 61.2 billion dollars

Oil-based products and crude oil giants such as Hindustan Petroleum Corporation Limited, Bharat Petroleum, Reliance Petroleum, ONGC and et al have contributed largely to the export sector of India. Although the country is hugely dependent on oil imports, export of oil-based products has supported the economy to a large extent


Image source: Businesstoday 


2. Precious stones:

Value - 41.2 billion dollars

India consumes around 20 percent of the global gold production and 75 percent of that amount goes into making jewellery. The jewellery sector is also supported by banks and government policies so that the industry does not fall drastically. Around 30 percent of Indian jewellery gets exported to the United States alone. Other such countries include Hong Kong, UAE, Singapore and Belgium


Image source: Flickr


3. Automobile:

Value - 14.5 billion dollars

From 2008 to 2013, the Indian automobile export sector has seen a rise 17 percent, one of the fastest economic growth that has ever taken place in the sector. Being one of the leading steel producers in the world, India invests largely on the automobile sector and its export




4. Machinery:

Value - 13.6 billion dollars

There has been a 10.5 percent increase in the export of heavy machinery from India. These include cars, pumps, heavy machines, building construction tools, agricultural equipment and so on


Image source: Powerlinx 


5. Bio-chemicals:

 Value - 12 billion dollars

Manufacturing bio-chemicals is a nationwide business in India. The sector contributes hugely to the national economy and is an essential part of it. Manufacturers and exporters are spread all over the country. Research facilities have also supported this sector to a large extent


Image source: Logostech 


6. Pharmaceuticals:

Value - 11.7 billion dollars

Being a research-based industry, the Pharmaceuticals sector in India has seen a huge growth over the past few decades. Major Pharma industries such as J. B. Chemicals & Pharmaceuticals Limited, Suven Life Sciences Limited, Dr. Reddy's Laboratories, Aurobindo Pharma, Luipin, Ranbaxy, Sun Pharma, Zydus Cadila, Glowchem and Calyx play a huge role in promoting the sector to the world market


Image source: Apexlab 


7. Cereals:

Value - 10.1 billion dollars

India is one the leading exporters of cereals and the second largest producer of rice. Being an agriculture-driven country, India depends largely on its produce of cereals and so does the importer countries such as Iran, Saudi Arabia, Indonesia, UAE and Bangladesh


Image source: Pluslifestyle 


8. Iron and steel:

Value - 9 billion dollars

Before the Independence, India used to depend on its import of Iron and Steel. But now, the country has gone through such an industrial growth that it has become forth largest steel producer in the world forth largest steel producer in the world. Steel tycoons such as TISCO, IISCO, Bhilai Iron and Steel Centre, Visweswaraya Iron And Steel Limited play a major role in the Iron and Steel export from India


Image source:  Desertpalace


9. Textile:

Value - 9 billion dollars

Textile is India's trump card when it comes to exports. India tops the chart in jute production and also holds 63 percent of the global market share in textiles and garments. Need we say more?


Image source: Janoindia 


10. Electronics:

Value - 9 billion dollars

When it comes to manufacturing electronic equipment, India is still seen as an importing country. But, the export part of this sector thrives silently yet largely. India has the third largest pool of electronic scientists and engineers and the domestic demand of electronic goods propels the industry to gorw faster and stronger, making export all the more important.



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