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Describe the changes in composition of India’s exports.

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(i) The percentage share of the agriculture and allied products have declined. There is a decline in the exports of traditional items such as coffee, spices, tea, pulses, etc. 

(ii) The share of petroleum and crude products have increased due to rise in petroleum prices and increase in India’s refining capacity. 

(iii) The share of ore and minerals and have largely remained constant over the years from 1997-98 to 2003-04. 

(iv) Manufactured goods are the largest exporting commodities in the year 2003-04 (75.96%). The percentage share of other commodities has increased due to an increase in fruits, marine products and sugar. 

(v) Engineering goods are the largest commodities on the export list. Crude and petroleum products also occupy a significant place in the list. Textile sector could not achieve much inspite of liberal measures taken by government due to competition from China and other Asian countries.

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