While the term "recent past" is relative and depends on the time the question was asked, the export of software and IT services from India has witnessed a sustained and sharp rise since the late 20th century, becoming a major component of India's exports. Electronic goods exports have also seen significant growth, particularly in more recent years due to initiatives like "Make in India". Compared to traditional exports like sugar, cotton, tea, and coffee, or commodities like gold and silver (which are net imports for India), the growth in software and electronic goods exports has been remarkably sharp and sustained.
In the recent past the export of which commodities have sharply risen ?
Asked in MPSC CS Prelims 2012 · Topic: Current Account and Capital Account (Policy Measures to Manage Current Account and Capital Account Balances)
Show answer
Answer: D. Electronic goods and software
More External Sector of Economy questions
- What was the change in composition of India's import from 1991 to 2004 ?
- Consider the following statements: 1. Angola and Nigeria are one of the largest crude oil suppliers of the sub-Saharan region. 2. India and Angola signed a bilateral energy cooperation agreement under the framework of India- Africa Forum. Which among the above statements is/are incorrect?
- The Indian Government gets __________ percent of India's total energy needs are met through imports.
- Which one among the following is the correct descending sequence of India's import of commodities in terms of value?
- The term 'West Texas Intermediate', sometimes found in news, refers to a grade of
- India imports maximum gold from which country?
- Which commodity tops the current list of imported commodity of India?
- Which of the following accounts for the highest amount spent on Indian imports?