The correct answer is (d) Engineering goods.
Engineering goods are the most important item of Indian exports, in terms of value, during recent years. In 2020-21, engineering goods accounted for 26.4% of India’s total exports. The main engineering goods exported from India are:
- Machinery and instruments
- Transport equipment
- Electrical machinery
- Iron and steel
- Chemicals
The export of engineering goods has been growing steadily in recent years. In 2019-20, the export of engineering goods was worth $82.9 billion, up from $68.4 billion in 2018-19. The growth in the export of engineering goods is due to a number of factors, including:
- The increasing demand for Indian engineering goods in the global market
- The government’s focus on promoting exports
- The availability of skilled manpower in India
- The favorable investment climate in India
The export of engineering goods has a number of benefits for the Indian economy. It helps to generate employment, increase foreign exchange earnings, and promote industrialization. The export of engineering goods also helps to improve the country’s image in the global market.
The export of engineering goods is facing a number of challenges, including:
- The rising cost of raw materials
- The competition from other countries
- The shortage of skilled manpower
- The lack of infrastructure
The government is taking a number of steps to address these challenges. It is providing subsidies to exporters, promoting research and development, and improving the infrastructure. The government is also working to improve the quality of Indian engineering goods.
The export of engineering goods has the potential to play a major role in the development of the Indian economy. The government’s focus on promoting exports and the availability of skilled manpower are some of the factors that are likely to boost the export of engineering goods in the coming years.