Do you know the real value behind the steady growth of the Indian economy? Well, if no, then I we’ll tell you! Exports are the major contributor to the growth of the Indian economy. As per the foreign trade data available, Indian exports have amounted to US$317.5 billion in the financial year 2014-15, which was about 44.1% up during the 5-year period starting from 2010.
The top 10 exported products have accounted for 60.5% of the overall value of the worldwide shipments in the said period. Based on the statistics from the International Monetary Fund’s World Economic Outlook Database, India’s total GDP (Gross Domestic Product) was amount to $7.376 trillion in 2014. As a result, exports accounted for about 4.3% of total Indian economic output.
What 2015 was in terms of India’s total exports?
As per the export data of 2015, oil, electronic equipment, machines, iron & steel and clothing were the main exported products of India. The following export products groups represented the highest contributors of the Indian economy. Get the complete India export data 2015 right below!
Exports are one of the major backbones of the India’s economy. Commodities like oil, gems, electronic equipment, cereals, machinery and so on contribute largely in balancing the trading business. So, get yourself updated with the latest India export data through various online database businesses!