Which cash crop earns a lot of foreign exchange for India?

Which items is the highest foreign exchange earner in India?

Complete answer: Out of the given options, the industry in which India earns its maximum foreign exchange is Iron industry. The value of iron metal traded from India added up to almost 186 billion rupees in the financial year 2020.

What is the most profitable cash crop in India?

Wheat is one of the most profitable cash crops in India. It is a Rabi crop, and the most important food in northern and north-western India. Wheat is a grass cultivated crop mainly for seeds. Wheat farming is really easy in compare to that of other cereal crops.

Which crop is the largest foreign exchange earner?

Tea, the most important plantation crop, is a large foreign exchange earner, with an export value of $367.2 million in 2001, based on exports of 177,603 tons. Production in 1999 was 749,000 tons, the highest in the world and 26% of global production.

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What is the main cash crop of India?

Wheat is India’s staple crop. In India, wheat is grown mainly in the northern states, with Uttar Pradesh being the largest producer. Other wheat producing states are Punjab, Madhya Pradesh. A total of 8 million hectare of India’s area is under wheat cultivation.

What is the second largest foreign exchange earner in India?

Indian Economy

At present, gems and jewellery is the second largest foreign exchange earner in the country surpassing even what was earned by the textile and apparel sector.

Which industry earns the first highest net foreign exchange from the trade?

Agriculture leads net foreign exchange earnings.

What crop is in highest demand?

From an absolute value perspective, the world’s most valuable cash crop is cannabis as well. It is followed by rice, maize, and then wheat.

Which crop is more profitable?

Maize farming

Corn or maize has emerged as the most versatile crops. It can be grown under different climatic conditions. By selecting good quality seeds of maize, you will get bumper yield which in return will give you good money.

Which farming is most profitable?

Apiculture is one of the most profitable agriculture business ideas in 2021. Due to a rise in demand for honey and its by-products and a scarcity of natural honey, commercial beekeeping farms have sprung up all over the world.

Which crop is exported from India?

India broke into the top 10 list of agricultural produce exporters in 2019 with a sizeable share in the export of rice, cotton, soya beans and meat, according to a World Trade Organization (WTO) report on the trends in world agricultural trade in the past 25 years.

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Which industry has been a major foreign exchange earner?

The industry that has earned our country a major, sizeable share of foreign exchange, is the Information Technology industry. In the last two decades, the contribution to India’s GDP from Information Technology, has grown by 6.5%.

Which industry has been a major foreign exchange earner in the last few years?

In recent years, India is earning large foreign exchange through the export of information technology. The information technology in India is comprised of two-component, viz., Business Process Outsourcing (BPO) and IT services. The sector has increased its contribution to India’s GDP from 1.2% in 1988 to 7.7% in 2017.

What are the 4 cash crops?

Cash crops are grown for direct sale in the market, rather than for family consumption or to feed livestock. Coffee, cocoa, tea, sugarcane, cotton, and spices are some examples of cash crops. Food crops such as rice, wheat, and corn are also grown as cash crops to meet the global food demand.

How many cash crops are in India?

India is geographically a vast country so it has various food and non-food crops which are cultivated in three main cropping seasons which are rabi, kharif and zaid. Food crops- Rice, Wheat, Millets, Maize and Pulses. Cash crops- Sugarcane, Oilseeds, Horticulture crops, Tea, Coffee, Rubber, Cotton and Jute.