Question

Determine if each item listed below is an import to India or an export from India.(10 points)
Import Export
gold


metals


oil


petrochemicals


pharmaceuticals


software


plastics


electronics


jewelry


precious stones


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Answer 1

I'll list each item with whether it is primarily an import to India or an export from India, with a short reason.

- Gold — Import (India imports large quantities of gold for jewelry and reserves)
- Metals — Export (India exports metals/ores such as iron ore and various finished metal products, though some metals are also imported)
- Oil — Import (India is heavily dependent on imported crude oil)
- Petrochemicals — Export (India has a sizable petrochemical industry and exports petrochemical products and derivatives)
- Pharmaceuticals — Export (India is a major exporter of generic medicines and bulk drug ingredients)
- Software — Export (IT services and software are a major export sector)
- Plastics — Import (India imports many plastic raw materials/polymers, though it also exports some finished plastic products)
- Electronics — Import (consumer and electronic components are largely imported)
- Jewelry — Export (India is a major exporter of gold and fashion jewelry)
- Precious stones — Export (India is a leading exporter of cut and polished diamonds and other gems)