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Q139 (IAS/1996) Economy › External Sector & Trade › India trade structure Answer Verified

The table given below depicts the composition of India’s exports between 1992-93 and 1994-95 . The changing composition of the export trade is indicative of structural transformation of Indian economy in favour of modernisation. The best indicator of the trend is the

Items | 1992-93 | 1993-94 | 1994-95
Agriculture & allied products | 1.6.9 | 1.8 | 1.5.9
Ores A Minerals | 4. 4 | 3.7
Manufactured floods | 75.5 | 75.6 | 78
Petroleum Products | 2.6 | 1.8 | 1.9

Result
Your answer: —  ·  Correct: D
Explanation

The most direct indicator of structural modernisation in the early-1990s export composition is the rising prominence of manufactured goods. Official analyses of the 1990s show a clear shift in the export mix: manufactured exports remained the dominant sector (around three-quarters of exports) while agriculture’s share fell between 1991–92 and 1994–95, signalling movement away from primary commodities toward industry-led exports [1]. Studies of post‑reform trade also emphasise diversification into higher-value manufactured and processed goods (alongside some growth in petroleum products), reflecting an economy-wide structural shift towards manufacturing and industrial exports rather than merely changes in one commodity’s share [2].

Sources

  1. [1] https://www.indiabudget.gov.in/budget_archive/es98-99/chap66.pdf
  2. [2] https://gjust.ac.in/portal/upload/b70631a9-134b-4081-8dd9-38da24009fe4.pdf
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SIMILAR QUESTIONS

IAS · 2020 · Q42 Relevance score: 1.36

With reference to the international trade of India at present, which of the following statements is/are correct ? 1. India's merchandise exports are less than its merchandise imports. 2. India's imports of iron and steel, chemicals, fertilisers and machinery have decreased in recent years. 3. India's exports of services are more than its imports of services .- 4. India suffers from an overall trade/current account deficit. Select the correct answer using the code given below :

IAS · 1994 · Q145 Relevance score: 0.82

The table below compares apparel exports of various countries between the years 1980 and 1990.
Which one of the following statements in not true ? (Restricting consideration to countries listed in the table only)

Country | 1980 | 1990
Hong Kong | 4.98 | 1.5.41
Italy | 4.58 | 1.1.84
China | 1.63 | 9.67
S.Korea | 2.95 | 7.88
Thailand | 0.27 | 3.33
India | 0.59 | 2.5
Indonesia | 0.1 | 1.65
Malaysia | 0.15 | 1.32
Total | 1.5.25 | 53.6

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IAS · 2003 · Q59 Relevance score: 0.42

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