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MAJOR PRODUCTS EXPORTED : Look at Table which shows the major products exported from India and the changing pattern thereof over the last 40 years. It is clear from the above table that the first three products in order of importance in 1995.96 were Textiles Fabrics and Manufactures (22.7%).
Gems and Jewellery (16.6%) and Machinery, Transport and Metal Manufactures (13.7%). They accounted for 53%of India's total exports. How the pattern of India exports has changed would be clear from the fact that none of the above product figured in India exports during 1960-61 except textiles. The three important Items then were fabrics, jute manufactures and tea. The traditional trio accounted for 5 1.3% of India's total exports. These items now account for hardly 10%. Other new products which have entered into the export basket are chemicals', leather, marine products, Rice, etc. However, one weakness of India's export structure is that they are highly concentrated in a few products only. Table show that the five top products Textile fabric& manufacturing, Gems and jewellery, Machinery, Transport and metal Manufacturing Chemical and allied product and leather products 68 % of the total exports.
Major Products Exported from India
Remittances Connected with Exports : Exporters are permitted to retain upto 25% (50% in the case of EOUs located in EPZI Software Technology Parks/Electronics Hardware Technology
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