India has become one of the fastest-growing economies when it comes to the Export Service of goods around the world. Because of its large capacities for production, a skilled labor force and strong agricultural base, India is one of the top 5 exporter countries around the world for many products.
Exports are important for India, as they allow for earnings in foreign currency; the ability to provide jobs to people in India and enhance India’s position in the global economy.
Top Products that India is a Top 5 Exporter Of:
- Pharmaceuticals (Medicines)
India is the “Pharmacy of the World” and as such exports affordable generic medicines to countries in every corner of the globe.
- Rice (Basmati & Non-Basmati)
India is the No. 1 exporter of rice in the world, supplying countries located in Asia, Africa and the Middle East.
- Textiles & Garments
India is a very large exporter of cotton, yarn and finished garments.
- Gems and Jewellery
India has become the global leader for the cutting and polishing of diamonds.
- Petroleum Products (Refined Oil)
India exports refined oil products like diesel and gas made from crude oil.
- Spices
India exports more spices such as turmeric, black pepper and cumin than any other country.