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BBA 3rd Year India Trade Policy Short Question Answer Paper Notes

BBA 3rd Year India Trade Policy Long Question Answer Paper Study Notes

Agriculture and Allied Products: Agriculture and allied products comprise a wide variety of agricultural products covering cereals, pulses, tobacco, spices, nuts and seeds, oil meals, guar gum meals, castor oil, shellac, sugar and molasses, processed food, meat, and meat products, etc. The

15691 exports of this group recorded a decline of 4.5% from * 16435 crores in the previous year to crores during the current year. Cereals (except rice) groundnuts, guar gum meals, shellac, processed food, spirit, and beverages registered growth in exports.

Marine Products

The export of marine products stood at 4785 crores which recorded a decline of 11.7% over * 4785 crores. The USA, EU and Japan continued to be the major destination of marine exports from India.

Ores and Minerals

Traditional export items like iron ore, manganese ore, aluminium, mica and coal are included this product group. Exports of ores and minerals were estimated at * 6644 crores during this period recording a decline of 7.2% over the same period of last year. While exports of mica, other ores and minerals and coal recorded a growth of 77.4%. 6.7% and 9.6% respectively, iron ore and processed minerals dipped by 16.8% and 7.5% respectively.

Leather and Manufactures

Exports of leather and leather manufactures registered a fall of 2.2% from 6661 crores. Exports of leather footwear increased by 0.7% as compared to the corresponding period of the previous year: Exports of leather and manufactures also declined by 3.4% during the same period.

Gems and Jewellery

The export of gems and jewelry stood at 35975 crores as compared to 31,745 crores during the corresponding period of last year, showing a modest growth of 13.3%. Chemicals and Allied Products Exports of chemicals and allied products registered a growth of 12.6% over the same period of the previous year in rupee terms. Three out of the four sub-groups under this head viz. basic chemicals, pharmaceuticals and cosmetics, plastics and linoleum, rubber, glass, and other products have registered positive growth as compared to the corresponding period of the previous year. However, residual chemicals and allied products showed a negative export growth of 8.0%.

Engineering Goods

Export items under this group comprising manufactures of metals, machinery, and instruments, primary and semi-finished iron and steel and transport equipment, showed a commendable growth as compared to must of the sectors. Exports of engineering goods amounted to 32,980 crores as against 26,356 crores as against 26,356 crores showing an impressive growth of 25.1%.

Electronic Goods

Exports of electronic goods during the first 9 months of the current year were estimated at *5641 crores as compared to 4455 crores thus recording a growth of 26.6%.

Textiles and Handicrafts

The total value of Indian textiles exports went down to 36,752 crores from 39,097 crores during the corresponding period of previous year showing a decline of 6% jute manufactures (7.2%), natural silk textiles (6.3%), man-made textiles, made ups, etc., (16.5%) and wool and woolen manufactures (6.0%) recorded a positive growth. Other sub-groups viz. readymade garments (7.3%) cotton yarn, fabrics, made-ups, etc., (15.4%), and coir and coir manufactures (8.9%) showed negative trends.

The main items of exports of handicrafts are various types of works of art, such as metal hardware, textiles (hand-printed), wood wares and zari goods. Exports of handicrafts dipped to 1367 crore from 2504 crores during the corresponding period of the last year registering a fall of 51.3%. Exp of carpets decreased the corresponding period of the last year registering a fall of 51.3%. Export carpets decreased to 1870 crores from 1993 crores registering a decline of 3.3%.

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