[amp_mcq option1=”Agriculture and allied commodity” option2=”Gems and jewellery” option3=”Handicrafts” option4=”Electronic goods” correct=”option1″]<\/p>\n
The correct answer is: Electronic goods.<\/p>\n
Electronic goods have the largest share of exports from India. In 2020-21, electronic goods accounted for 26.9% of India’s total exports. This was followed by engineering goods (21.8%), petroleum products (12.6%), and gems and jewellery (10.6%).<\/p>\n
Electronic goods are a broad category that includes a wide range of products, such as computers, mobile phones, televisions, and refrigerators. India is a major exporter of electronic goods, and the sector has been growing rapidly in recent years. The main reasons for this growth are the increasing demand for electronic goods in the global market, the availability of skilled labor in India, and the government’s support for the sector.<\/p>\n
The export of electronic goods has a number of benefits for India. It helps to generate employment, boost economic growth, and improve the country’s balance of trade. The sector also has the potential to attract foreign investment and promote technology transfer.<\/p>\n
However, there are also some challenges that the sector faces. One of the biggest challenges is the rising cost of raw materials. Another challenge is the competition from other countries, such as China. The government is taking steps to address these challenges, and the sector is expected to continue to grow in the coming years.<\/p>\n
Here is a brief explanation of each option:<\/p>\n
[amp_mcq option1=”Agriculture and allied commodity” option2=”Gems and jewellery” option3=”Handicrafts” option4=”Electronic goods” correct=”option1″]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[702],"tags":[],"class_list":["post-33898","post","type-post","status-publish","format-standard","hentry","category-business-environment-and-international-business","no-featured-image-padding"],"yoast_head":"\n