Exports down, economy sagging: These 31 products can boost India’s global share; check full list

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Published: July 22, 2019 2:06:04 PM

Even as India faces challenges on the export front amid economic slowdown and muted growth, an industry body has identified a list of items with ‘high potential’ to boost its exports.

India, India export, india export data, india export import data, india export to china, india export today, economy news, current account deficit, CAD, IMFThe government must promote items including women’s apparel, drugs and furniture, says a new study by industry body Confederation of Indian Industry (CII).

Even as India faces challenges on the export front amid economic slowdown and muted growth, an industry body has identified a list of items with ‘high potential’ to boost its exports. The government must promote items including women’s apparel, drugs and furniture to increase its share in global exports, says a new study by industry body Confederation of Indian Industry (CII). The study comes at a time when India is seeing contraction in exports amid ongoing global trade war. During April-June 2019, exports fell 1.69 per cent to $81 billion, while imports were contracted by 0.29 per cent to $127 billion.

CII has identified 31 such products and also submitted recommendations to boost exports in these sectors to the commerce ministry. The other suggestions include expansion of domestic production and ‘targeted promotion’ in top importing nations to build exports in these products. CII has also suggested to negotiate on non-tariff barriers with the countries importing these products. The paper titled ‘Indian Exports: The Next Trajectory – Mapping Products and Destinations’ also talked about the further scope to bring about improvement in items where the country is also performing satisfactory including jewellery, women’s clothing, and medicines.

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Here is the full list of 31 items:

  • Jewellery and precious metals
  • Women’s blouses excluding knitted or crocheted
  • Refined copper
  • Women’s/girl’s suits, jackets, blazers, dresses
  • Medicaments pertaining to therapeutic uses
  • Tractor accessories and motor vehicles
  • Knitted or crocheted T-shirts
  • Flat-rolled products of iron or non-alloy steel
  • Cyclic hydrocarbons
  • Heterocyclic compounds
  • Flat-rolled products of iron or non-alloy steel
  • Polyacetals
  • Men’s or boy’s suits
  • Parts suitable for use solely or principally with internal combustion
  • Plates, sheets
  • Parts suitable for use solely or principally with internal combustion piston
  • Pharmaceutical preparations
  • Articles for the conveyance or packaging of goods
  • Furniture and parts thereof
  • Jerseys, pullovers
  • Women’s or girls’ suits, ensembles
  • Jerseys, pullovers
  • Sulphonamides
  • Motor cars and motor vehicles
  • Turbojets, turbo propellers
  • Telephone sets
  • Structures and parts such as bridges etc
  • Motor vehicles for transport of goods
  • Insulated wire
  • Electrical apparatus
  • Articles of plastic

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