Only 5 states account for 70% of exports, Economic Survey shows

exports, imports, trade

BUDGET 2018 - Severe disparity among states in terms of exports, the growth of the logistics sector and the continuing expansion of services trade despite rising protectionism by importing nations are among the issues marked by the Economic Survey 2017-18 regarding India's foreign trade.

Tabled by Finance Minister Arun Jaitley on Monday, the Survey has for the first time included data on the international exports of states. Such data indicates a strong correlation between export performance and states‘ standard of living, it says. States that export internationally and trade with other states have been found to be richer.

Handful of states account for majority of India's exports

Dwelling on the subject of International Trade, Inter-State Trade and Economic Prosperity, the Survey points out for the first time in India‘s history that five States Maharashtra, Gujarat, Karnataka, Tamil Nadu and Telangana account for a whopping 70 % of India‘s exports.

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