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Karmayogi
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Foreign Trade (FT) details
Commodity trends
The principal commodities which registered significant increase in exports over the
corresponding period in the previous FT year included tea, pulses, tobacco, spices, mica,
meat and meat products, sesame and niger seeds, groundnuts, guargum meals, processed
fruits and juices, floriculture products, residual chemicals and allied products, natural
silk textiles and silk carpets. Besides, commodities which witnessed a moderate growth,
i.e. upto 15 per cent, in their exports during the above period, included minerals, gems
and jewellery, sports goods, rubber, glass and other products, project goods, marine
products, iron ore, basic chemicals and pharmaceuticals, cosmetics, engineering goods,
cotton yarn fabrics and madeups, readymade garments, man-made textile madeups,
coir/products, wool/woolen items and handicraft.
Decline in food items
The items which suffered decline in exports included cereal, rice, castor oil, shellac,
sugar and molasses, processed foods, spirit and beverages, jute products, mill-made
carpets, raw cotton and petroleum products.
Pearls major imports
In other items, major growth in import has been recorded during April, 1997 and February,
1998, over the same period last year, included pearls and precious stones (16.6), metal
manufacture (6.6), professional instruments (30.6), electronics goods (41),
coal-coke-briquettes (33.3), leather (31.3), non-metal mineral items (29.5), organic and
inorganic chemicals (20.7).
Plantations
Primarily tea and coffee come under this head. Exports of plantation crops increased by
33.3 per cent in rupee terms in the current year. Exports of coffee increased by 13.3 per
cent to Rs. 1,409 crore from Rs. 1,244 crore during the same period last year. Exports of
tea went up by 61.3 per cent to Rs. 1,43 crore from Rs. 894 crore last year.
Agriculture and allied products
Shares of these products was 12 per cent in total exports in the current year. However, in
showed a decline of 5.4 per cent from Rs. 14,347 crore in the previous year to Rs. 13,567
crore this year. Pulses, tobacco, guargum meals, and seeds, meat/preparation and
floriculture products showed a significant increase this year while exports of rice,
castor oil, shellac, sugar and molasses, processed fruits and vegetables, spirits and
beverages declined.
Marine products
Exports of marine products amounted to Rs. 4,040 crore this year as against Rs. 3,631 in
the previous year indicating an increase of 11.3 per cent.
Minerals and Ores
These items' average share in exports is about 3.1 per cent, comprising of mainly iron
and manganese ores, aluminium, mica and coal. Their exports this year were valued at Rs.
3,468 crore registering a decline of 4.4 per cent over the same period last year. However,
Mica has registered a spectacular export growth of 52.9 per cent in rupee terms this year.
Leather products
Exports of leather goods went down from Rs. 5,058 crore last year to Rs. 4,800 crore
this year - a negative growth 5.1 per cent. These products accounted for about 4.3 per
cent in exports this year. Footwear accounted for over one-third of leather/products
exports, mainly to developed countries.
Gems and jewellery
These are major export items accounting for 14.6 per cent of total exports this year
Rs. 16,445 crore as compared to Rs. 14,849 crore, a growth rate of 10.7 per cent over the
previous year.
Chemicals and allied products
Exports from this sector had a positive of 16.1 per cent this year in rupee terms,
compared to last year's 15.4 per cent to Rs. 13,844 crore against Rs. 11, 996 crore in
1995-96.
Engineering goods
These accounted for about 12.4 per cent of our exports this year totalling to Rs.
13,973 crore as compared to Rs. 12,446 crore last year - a 12.3 per cent growth. 60 per
cent of imports are from the developing countries and among developed countries USA is the
biggest buyer.
Electronics and computer software
These have been identified as thrust sector for exports in view of Indian information
technology advancement and highly qualified manpower. However, electronic goods, excluding
software, account for just 2.1 per cent of total exports.
Textiles
Textiles
including carpets and handicraft are the major traditional Indian export items accounting
for nearly 28 per cent share in total exports this year, total value of textiles exports
increased to Rs. 27,698 crore from Rs. 25,455 crore in 1996-97, a growth rate of 8.8 per
cent. Readymade garments/manmade textiles, silk carpets recorded increase of 5.1, 14.8 and
31.6 per cent, respectively. However, mill made carpets decreased by 17.1 per cent.
Handicraft exports went to Rs. 1,740 crore from Rs. 1,536 crore last year showing a growth
of 13.3 per cent; while that of cotton yarn fabrics and made-ups increased by 12 per cent,
exports of jute items declined by 10.8 per cent this year and raw cotton declined 40.3 per
cent.
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Fast Facts:
- Agriculture accounted for around 10% of India's total exports.-
Computer Software accounted for about 10-15% of the total exports.
- Leather goods account for about 5% of the total exports.
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