Question

Which of the following commodities constitute the largest percentage of the values of goods exported by India?
A) Tea
B) Cotton textiles
C) Leather
D) Engineering goods

Answer 1

Hint: Geographic, economic, and political factors all influence international commerce flows. In the production and trade of agricultural commodities and minerals, several countries have a geographical advantage over others. Mineral fuels and oils, jewellery, medicinal items, iron and steel, and textile articles are among India's biggest exports.

Complete answer:
From the given options the commodity which constitutes the largest percentage of goods exported by India is Engineering Goods. Engineering items were India's biggest exported commodity in the fiscal year 2019, valued at approximately 5.8 trillion Indian rupees( US 81.02 billion). This export comprises, among other things, iron and steel products, non-ferrous metals, industrial machinery, and vehicles.

Since we are talking about engineering goods, it is necessary to define the range of these goods. Metal products, industrial gear and equipment, automobiles and their components, and transportation equipment are all examples of engineering goods.

If we consider the financial year 2020-21, the United States and China were the top two destinations for Indian engineering goods exports in April 2021. Engineering products exports totalled US$ 978.55 million in April 2021. Thus Engineering goods are the largest exports in India from the following.

Therefore the correct answer is option ‘D’.

Note: Engineering accounts for 25% of India's total goods exports and is the country's top foreign exchange earner petroleum sector of India is a major source of money from the export market and is among India's top exported items. Engineering items make up nearly a quarter of India's overall merchandise exports.