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5) Oceanic trade : Most of India’s trade these ports were overburdened. Recently,
is by sea. India has trade relations with India has developed new ports at Kandla,
its neighbouring countries like Nepal, Cochin, Vishakhapatnam, Nhava Sheva etc.
Afghanistan, Myanmar, Sri Lanka etc. The to reduce the burden on the exsiting ports.
share of India’s oceanic trade is around 68%.
Find out :
6) Development of new ports : For its foreign
trade, India depended mostly on Mumbai, Recent share of India’s foreign trade in
Kolkata and Chennai ports. Therefore, Gross National Income.

Do you know?

Composition of India’s Imports
Years
Commodities
2015-16 2016-17
Sr. Expenditure Percentage Expenditure Percentage
No. (in million $) (in million $)
Petroleum, oil and
1 82,944 21.8 86,896 22.6
lubricants

2 Electronic goods 40,032 10.5 41,941 10.9
Pearls and precious
3 20,070 5.3 23,809 6.2
stones

4 Edible oils 10,492 2.8 10,893 2.8
5 Fertilizers 8,072 2.1 5,024 1.3
6 Foodgrains 276 0.1 1,429 0.4

Composition of India’s Exports

Years
Commodities
2015-16 2016-17
Sr. Expenditure Expenditure Percentage
No. (in million $) Percentage (in million $)
Readymade
1 16,964 6.9 17,368 6.3
Garments
2 Iron ore 191 0.0 1,534 0.5

3 Cotton yarn 8,874 3.4 8,550 3.1
4 Petroleum products 31,209 11.9 32,416 11.7

Leather
5 5,554 2.1 5,308 1.9
manufactures
6 Engineering goods 7,220 23.0 65,267 23.7

Source : 1) Reserve Bank of India, Handbook of Statistics on Indian Economy 2016-17,
2) Government of India, Economic Survey 2017-18.

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