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List of Top 7 Products Imported by India

05-FEB-2018 03:51
    Indian import

    As we know that India produces just 20% crude oil of its requirement and rest 80% is imported from abroad. Crude oil and other related products accounts for around 22% total import bill of India. The second spot is acquired by the capital goods (machinery, base metal, transport equipment) which accounts for 19.2% of the total Indian imports. The third spot is secured by the import of gems and jewellery (16.8 percent of the total imports), fourth and fifth spot is secured by the chemical & related products (12.7%) and electronic goods (11.4%) respectively.
    This article is pointing the sector wise share and growth rate of import in the financial year 2017-18 given below;

     Sector/Item

     Share in Import (%) 2017-18,  Apr-Nov

     Growth Rate (%) 2017-18,  Apr-Nov

     1. Petroleum Oil and Lubricants

      22.0

     21.9

     2. Capital Goods

     (Machinery)

     (Base metal)

     (Transport equipment)

      19.2

      8.3

      6.0

      3.3

     11.3

     16.8

     26.5

     -18.3

     3. Gems and Jewellery

     (Gold)

     (Pearls and semi precious stones)

     (Silver)

      16.8

      7.8

      7.6

      0.8

     53.6

     46.4

     47.7

     90.0

     4. Chemical and Related Products

     (Organic chemicals)

     (Fertilizers)

      12.7

      2.6

      1.3

     16.3

     23.8

     -5.0

     5. Electronic Goods

      11.4

     29.7

     6. Agriculture and Allied Products

      5.6

     11.4

     7. Ores and Minerals

     (Coal, Coke, etc.)

      6.6

      4.8

     55.6

     58.1

     Total import including others

      100.0

     22.4

    Some crucial facts about import of India:
    1. The above table shows that the petroleum oil and lubricants is the biggest imported item in India and accounts for 22% of total Indian import followed by the gems and jewellery sector which has share of 16.8% in the total import of India.

    india imports of crude oil
    2. In the financial year 2017-18; growth of imported items like gems and jewellery, ores and minerals and electronic goods was around 50%; while petroleum & lubricants grown at the rate of 22% and chemical and related products shown the growth of 16.3% during the April-June period.
    3. Transport equipment and fertilizers are the only two items whose import growth rate is negative.
    Above data related to top 7 imported items of India are very crucial for various competitive exams. So students need to pay full attention on these figures.

    List of Top 10 Products Exported from India

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