India's major exports and imports include the following:
Major exports: petroleum products, gems and jewelry, pharmaceuticals, textiles, engineering goods, and chemicals.
Major imports: crude oil, electronic goods, machinery, chemicals, and pearls and precious stones. Challenges faced by Indian Foreign Trade Indian foreign trade faces several challenges, including:
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Future Prospects of Indian Foreign Trade
India's foreign trade has enormous potential for growth in the coming years. The government has taken several measures to boost exports, including the launch of the "Make in India" initiative, which aims to promote domestic manufacturing and exports. The increasing use of technology in trade and logistics, such as digital platforms and e-commerce, is also expected to boost India's foreign trade. |