Which sector has the highest percentage share of goods exports in the annual GDP (at current prices) for the year 2020-21?
Show answer & explanation
Correct answer: D
Explanation
The correct answer is option 4 i.e. Engineering Goods.
- In the year 2020-21, the sector with the highest percentage share of goods exports in the annual GDP (at current prices) was Engineering Goods.
- Engineering Goods encompass a broad range of products, including industrial machinery, automobiles, and metal products, which collectively contributed significantly to India's export economy. This sector outperformed Electric Goods, which primarily include electrical machinery, equipment, and appliances.
- The dominance of Engineering Goods in exports can be attributed to India's robust manufacturing capabilities, diverse product range, and strong global demand for these products.