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Exports up in all major sectors
By agencies
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Monday, 04 July 2005, 19:30 IST
NEW DELHI: The country's exports saw an upward movement across the board in all major sectors in 2004-05.
Agriculture and allied products exports increased by over 11 percent in dollar. According to an official communiqué, agriculture and allied products increased to $ 6.03 billion during the financial year 2004-05 from $5.4 billion during 2003-04.
Agriculture and allied products showing a substantial increase in exports were rice, pulses, tobacco, spices, nuts and seeds, cashew, gur, gum meal, castor oil and processed food items. Dairy and poultry products showed a record increase of over 65 percent in the last fiscal year, while export of chemicals and related products registered a growth of over 27 percent.
Gems and jewellery exports saw a jump of over 29 percent to reach a level of $13.7 billion in 2004-05 compared to $10 billion in 2003-04.
According to the release, India emerged as a major exporter of petroleum products in 2004-05 at $6.7 billion, up by over 90 percent from $3.5 billion in 2003-04. Engineering goods exports increased from $10 billion in 2003-04 to $14.5 billion in 2004-05, showing a growth of over 38 percent.
There has been an across-the-board increase in exports of all engineering items from India including machine tools, machinery and instruments, transport equipment, iron and steel, manufactures of metals and residual engineering items, it said.
The country's exports have been on a high growth path with merchandise exports reaching $79.2 billion in 2004-05 recording a growth of 24.1 percent in dollar terms, which is the highest since 1974-75.
India's share in world exports increased from 0.66 percent in 2000 to 0.82 percent in 2004. The export target set for 2004-05 at 16 percent was exceeded by 50 percent.