Which product is largest net foreign exchange earner of India?

Petroleum: India’s largest foreign exchange earner. Petroleum is emerging as the largest foreign exchange sector in India with 16.2 per cent share petroleum exports are expected to exceed $ 20 billion in this financial year.

Which item is the largest foreign exchange earner of India?

Complete answer: Out of the given options, the industry in which India earns its maximum foreign exchange is Iron industry. The value of iron metal traded from India added up to almost 186 billion rupees in the financial year 2020.

Which exports do India earn the most foreign exchange?

The top five commodity groups that Indian exported most during July 2021 were petroleum products (215 per cent), gems and jewellery (130 per cent), other cereals (70.25 per cent), man-made yarn and fabrics (58 per cent) and cotton yarn and fabrics (48.02 per cent).

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What is the second largest foreign exchange earner in India?

According to Ministry of Tourism (Government of India), during 2018, foreign tourist arrivals (FTAs) in India stood at 10.56 million and it is contributing US $ 28585 million as a Foreign Exchange to the economy. In case of balance of payments of India also, tourism sector is contributing a huge amount.

Which is the highest foreign exchange earning crop?

Petroleum: India’s largest foreign exchange earner.

Which industry has been a major foreign exchange earner?

The industry that has earned our country a major, sizeable share of foreign exchange, is the Information Technology industry. In the last two decades, the contribution to India’s GDP from Information Technology, has grown by 6.5%.

Who are India’s biggest trading partners?

India top 5 Export and Import partners

Market Trade (US$ Mil) Partner share(%)
United States 54,288 16.79
United Arab Emirates 29,539 9.14
China 17,279 5.35
Hong Kong, China 11,478 3.55

Which product is most exported from India?

List of exports 2012

# Product Value
1 Refined petroleum 52,905
2 Jewellery 17,814
3 Pharmaceuticals 10,886
4 Rice 6,109

Which product India import most?

Here’s a list of top eight imported products in India:

  1. Oil.
  2. Precious stones.
  3. Electronics.
  4. Heavy machinery.
  5. Organic chemicals.
  6. Plastics.
  7. Animal and vegetable oil.
  8. Iron and Steel.

Which product is largely exported from India?

As per the Economic Survey 2019-20; Petroleum products are the biggest exporting item from India.

Hemant Singh.

Sector Share in Export (%) 2018-19 Value of Goods (US$ )
1. Petroleum products 14.10 46.54
2. Pearls, precious and semi Precious stones 7.78 25.98
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What is foreign exchange earner?

Foreign exchange earnings are profits made from selling goods and services in a global marketplace, though in some cases, currency is simply exchanged in order to make these earnings without goods or services being sold. … Individuals can also make foreign exchange earnings by trading in the Forex market.

Which state of India records the highest per capita income?


Rank State/Union territory NSDP Per Capita (Nominal) ( US$)
1 Goa US$7,032
2 Sikkim US$6,545
3 Delhi US$5,254
4 Chandigarh US$4,823

What is the difference between the foreign exchange earned by India in the year 2008 and 2010?

One Indian rupee is equal to 0.014 U.S. dollars and 0.011 euros (as of January 2021).

Foreign exchange earnings from tourism in India from 2000 to 2020 (in billion U.S. dollars)

Characteristic Foreign exchange earnings in billion U.S. dollars
2011 16.56
2010 14.19
2009 11.39
2008 11.83

Which of the following is the most valuable doller earning crop of India?

List of most valuable crops and livestock products

Crop Global gross production value in billion USD Country with highest gross production value in billion USD
Buffalo milk, whole fresh $56.4 $43.1 (India)
Cotton lint $50.5 $18.6 (Mainland China)
Apples $45.9 $20.8 (Mainland China)
Onions, dry $42.1 $23.9 (Mainland China)

Which of the following crop does not earn foreign exchange?

A cotton ball. Cotton is a significant cash crop. According to the National Cotton Council of America, in 2014, China was the world’s largest cotton-producing country with an estimated output of about one hundred million 480-pound bales.

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