Although gems and jewellery topped the list of goods exported in terms of value, rubber and canvas footwear took the greatest steps in terms of year-on-year increases in India, recording a surge of 156.7% in exports compared with 2003.

Gems and jewellery produced the largest export values at $10.5 billion, with readymade garments following at $6.088 billion. Textiles accounted for $3.324 billion, whilst leather goods exports reached $2.025 billion for the financial year 2004.  

These figures were released in a written statement from the Minister of State and Commerce, Shri EVKS Elangovan, on December 6. In the statement, the minister underlined the country’s commitment to further enhancing India’s export industry through reductions in transaction costs and duty and the promotion of the industry abroad.

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