Made in India: Top 10 export products from India

India is the fastest growing economy in the
world, according to recent data. In past four
years, India's export amount has risen by 44
percent. In 2014, the country's total export
was over 318 billion dollars. According to
statistical reports, India's total GDP has
accumulated to more than 7.9 trillion dollars
this year.
Exports contribute around four percent to
India's gross economic output. During 2014, 10
commodities were exported the most and
fetched foreign currency for India.
Here are the 10 commodities most exported
from India and their dollar value:
1. Petroleum products:
Value - 61.2 billion dollars
Oil-based products and crude oil giants such as
Hindustan Petroleum Corporation Limited,
Bharat Petroleum, Reliance Petroleum, ONGC
and et al have contributed largely to the
export sector of India. Although the country is
hugely dependent on oil imports, export of oil-
based products has supported the economy to
a large extent
Image source: Businesstoday
2. Precious stones:
Value - 41.2 billion dollars
India consumes around 20 percent of the global
gold production and 75 percent of that amount
goes into making jewellery. The jewellery
sector is also supported by banks and
government policies so that the industry does
not fall drastically. Around 30 percent of
Indian jewellery gets exported to the United
States alone. Other such countries include
Hong Kong, UAE, Singapore and Belgium
Image source: Flickr
3. Automobile:
Value - 14.5 billion dollars
From 2008 to 2013, the Indian automobile
export sector has seen a rise 17 percent, one
of the fastest economic growth that has ever
taken place in the sector. Being one of the
leading steel producers in the world, India
invests largely on the automobile sector and its
export
4. Machinery:
Value - 13.6 billion dollars
There has been a 10.5 percent increase in the
export of heavy machinery from India. These
include cars, pumps, heavy machines, building
construction tools, agricultural equipment and
so on
Image source: Powerlinx
5. Bio-chemicals:
Value - 12 billion dollars
Manufacturing bio-chemicals is a nationwide
business in India. The sector contributes hugely
to the national economy and is an essential
part of it. Manufacturers and exporters are
spread all over the country. Research facilities
have also supported this sector to a large
extent
Image source: Logostech
6. Pharmaceuticals:
Value - 11.7 billion dollars
Being a research-based industry, the
Pharmaceuticals sector in India has seen a
huge growth over the past few decades. Major
Pharma industries such as J. B. Chemicals &
Pharmaceuticals Limited, Suven Life Sciences
Limited, Dr. Reddy's Laboratories, Aurobindo
Pharma, Luipin, Ranbaxy, Sun Pharma, Zydus
Cadila, Glowchem and Calyx play a huge role in
promoting the sector to the world market
Image source: Apexlab
7. Cereals:
Value - 10.1 billion dollars
India is one the leading exporters of cereals
and the second largest producer of rice. Being
an agriculture-driven country, India depends
largely on its produce of cereals and so does
the importer countries such as Iran, Saudi
Arabia, Indonesia, UAE and Bangladesh
Image source: Pluslifestyle
8. Iron and steel:
Value - 9 billion dollars
Before the Independence, India used to
depend on its import of Iron and Steel. But
now, the country has gone through such an
industrial growth that it has become forth
largest steel producer in the world forth
largest steel producer in the world. Steel
tycoons such as TISCO, IISCO, Bhilai Iron and
Steel Centre, Visweswaraya Iron And Steel
Limited play a major role in the Iron and Steel
export from India
Image source: Desertpalace
9. Textile:
Value - 9 billion dollars
Textile is India's trump card when it comes to
exports. India tops the chart in jute production
and also holds 63 percent of the global market
share in textiles and garments. Need we say
more?
Image source: Janoindia
10. Electronics:
Value - 9 billion dollars
When it comes to manufacturing electronic
equipment, India is still seen as an importing
country. But, the export part of this sector
thrives silently yet largely. India has the third
largest pool of electronic scientists and
engineers and the domestic demand of
electronic goods propels the industry to gorw
faster and stronger, making export all the
more important.
Image source: Survivetheenddays