Economics • Indian EconomyMedium
Which of the following components constitutes the largest share of India's merchandise exports?
A. Agricultural and allied products
B. Engineering goods and petroleum products✓ Correct Answer
C. Textiles and apparel
D. Raw minerals and ores
💡 Solution & Explanation
Engineering goods and petroleum products consistently command the largest share of India's merchandise export basket, driven by robust manufacturing capabilities and refined petroleum capacities. Agricultural goods, textiles, and raw minerals contribute significantly but rank behind engineering and petroleum sectors. Diversifying the export basket toward high-value manufacturing remains a key objective of India's foreign trade policy.
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