New Delhi: There has been a huge jump in the export of many goods in India. The Indian government is trying to bring in many other companies so that they can manufacture things in the country and reduce dependence on China. India has attracted many companies like Apple and Samsung.
While the focus is on exports of smartphones and other high-end items, there are some items that have grown faster, with exports of telecom, computers and electronics rising by 170.9 per cent.
Similarly, exports of some types of copper wires increased from $76 million to $867 million. There has been an increase of 11 times. While coconut oil exports were almost negligible in 2018-19, it has increased to $217 million last year.
Smartphone exports have also increased tenfold. It was $1.6 billion in fiscal year 2019, which will increase to $15.5 billion in 2024. This has been possible due to government policies.
Last year, the export of electronic goods increased the most in Türkiye, America and Britain. Overall, exports of electronic goods increased by 23.6% to more than $29 billion in the last financial year. Iron ore exports have also more than doubled to $3.9 billion. Exports of parboiled rice have also more than doubled in the last five years.
It was $1.5 billion in 2019, which increased to $3.3 billion last year. At the same time, the export of cancer medicines has also tripled to more than 1.5 billion dollars. Vehicle exports also increased by 43% to $4.3 billion.
But, exports of some traditional goods like diamonds and clothes have declined. Diamond exports have fallen by one-third in five years to $23.7 billion. Cotton T-shirt exports fell 15% to $1.6 billion. Leather exports also fell 11% to $2.5 billion.