Exports from India increased in many sectors including petrol and sugar

New Delhi| India’s exports have increased rapidly in many sectors including petroleum, gems, agriculture. During 2018 to 2023, a doubling of petroleum exports has been recorded. India is also making rapid progress in the export sector in many other sectors. Over the past five years it has increased exports rapidly to global markets, especially in petroleum, gems, agrochemicals and sugar. Other sectors in which India’s share of exports has increased during 2018 to 2023 are electrical goods, pneumatic tires, tap-valves and semiconductor devices.

Petroleum exports have risen to $84.96 billion in 2023, according to ministry data. That is, from 6.45 percent in 2018 to 12.59 percent in 2023. Due to this, India has emerged as the second largest global exporter. In 2018, it was in fifth place. The country’s share in the precious and semi-precious stones sector increased from 16.27 per cent in 2018 to 36.53 per cent in 2023. That means total exports have been worth $1.52 billion.

India’s exports have increased rapidly in many sectors including petroleum, gems, agriculture. During 2018 to 2023, a doubling of petroleum exports has been recorded. India is also making rapid progress in the export sector in many other sectors. Over the past five years it has increased exports rapidly to global markets, especially in petroleum, gems, agrochemicals and sugar. Other sectors in which India’s share of exports has increased during 2018 to 2023 are electrical goods, pneumatic tires, tap-valves and semiconductor devices.

Petroleum exports have risen to $84.96 billion in 2023, according to ministry data. That is, from 6.45 percent in 2018 to 12.59 percent in 2023. Due to this, India has emerged as the second largest global exporter. In 2018, it was in fifth place. The country’s share in the precious and semi-precious stones sector increased from 16.27 per cent in 2018 to 36.53 per cent in 2023. That means total exports have been worth $1.52 billion.