Indias exporting more phones and cars while jewellery and textiles take a backseat; Is this a temporary change or a permanent feature?

India's merchandise exports have experienced a significant shift, with growth in sectors such as electronics, telecom, mobile phones, machinery, automobiles, and petroleum, while traditional export items like gems, jewelry, apparel, meat, and leather have declined. The share of electronics exports rose by 73% from 2015 to 2022, while machinery exports grew by 40%. However, India's overall share in global merchandise exports remains low, signaling the need for more trade agreements and investment in sectors like jewelry and textiles.

from Economy-News-Economic Times https://ift.tt/dFJZ9Kf
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