India marks 800 Billion dollars worth of exports 💰| America reacts | Ankit Awasthi sir| #gkdristi

1. Total Export Growth:

India's total trade increased from $768 billion to over $814 billion.

Expected to exceed $800 billion by the end of the financial year.

Overall export growth: 5.58%

Goods trade growth: 2.34%

Services trade growth: 10%
2. Global Trade Context:

UN Trade data:

Global trade value declined by 5%

Global trade volume fell by 1.2%
Service sector growth:

Global services trade growth: 7%

India’s services trade growth: 10% (above the global average)
3. India’s Focus Areas:

20 countries targeted, contributing 60% of India's total exports.

Six key sectors contributing 67% of total exports:

Engineering goods

Electronics

Chemicals

Pharmaceuticals

Agricultural products

Textiles
4. Sectoral Growth Rates:

Electronics: 45% growth

Chemicals: 27% growth

Labor-intensive sectors: 35% growth

Engineering goods (Russia-specific growth): 39% growth

UAE Free Trade Agreement impact: 16% trade growth
5. Declining Sectors:

Textile sector:

2004: 21% global share → Now: 8%
Gems & Jewelry:

Previous 16% global share → Now: 7%
6. India’s Global Trade Contribution:

Global trade share: 1.82% (vs. India’s 17% global population)

Services trade contribution:

2014: 3.15% → Now: 4.38%
Export-to-GDP ratio:

2014-15: 23% → Now: 21.8%
7. Trade Policy Impact:

India leveraged global events (e.g., Russia-Ukraine war) to increase trade.

Structural issues in labor-intensive sectors need reforms for further growth.

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