List of profitable products to export from India
Precious Stones, Gems and Jewelry
Since ancient times, the land of India has been known for its precious stones and jewelry. There has been a huge pool of markets that makes the country the topmost consumer of precious stones, gems, and jewelry like gold and other jewelry products. This has attracted the world to follow this trend making India one of the top markets for exporting local handmade jewelry as well as precious stones that brings huge return margins.
Petroleum Products
Petroleum products are ranked among the top products for export from India. Although exporting petroleum products needs huge investment and hard work, these have a huge demand in small developing nations like Nepal, Myanmar, Bangladesh, Bhutan, etc. India top export products include semi-products made of petroleum such as charcoal, coal, wax, coke, and many others that have a huge demand and good margin returns.
Cereals
Cereals are one of the best products to export from India to countries like Iraq, Saudi Arabia, Iran, and UAE. These countries import rice in huge quantities. The government offers highly competitive prices for the most exported products in India to importing nations to increase rice export from India.
Pharmaceutical Products
Indian Pharmaceutical products rank 10th among the value of global products. India is a major exporter of western countries including the United States.
Homeopathy Medicines
Homeopathy Medicines ranks among the most profitable products to export from India as it has no side effect, unlike allopathic medicines. In the year 2014, the country reported a rise in its export of homeopathic medicines to western nations. Want to begin a business in export? Why not set up your own export business by exporting homeopathy medicines that provide health and huge returns.
Meat Products
Meat has a huge demand overseas. Moreover, many of these products do not require much investment but bring huge returns through the export of meat. India has remained a huge exporter of buffalo meat which has huge demand in many countries. Besides, pork is another product that is exported in large quantities. Countries that are not exposed to the sea have a large market for seafood that adds to the list of India top export products.
Traditional Handicrafts
Indian handicrafts and traditional products are popular across the globe. These products are available at cheaper rates when converted into Indian rupees. This makes exporting traditional handicraft the best product for export from India. Besides, it has a great demand in foreign countries. Markets like Europe and western countries makes perfect location where they are sold in fare as well as online. This industry requires very less investment but only a good network with local artisans thereby making it a huge margin for profits sold at higher rates in other countries.
Dairy Products
India has a huge profit in exporting dairy products. The milk of Bos indicus cow breed is in huge demand in the United States and other countries. Dairy products made of Bos indicus cow is sold four times the rate offered for products of local cows. Products like cheese, ghee, and curd add among the most exported products from India that brings on huge returns.
Leather and Leather Products
Leather has always been in huge demand among export products from India. These are exported at high rates worldwide. Products like leather shoes, leather purse, leather coat fetch the best prices in outside countries. The main market for leather products includes the UK, US, and Germany, accounting for 36% of total exports. Semi treated leather, and other leather products bring out huge profits.
Textile Products
Textiles are the trump card of India that generates not only high employment but also massive profits through its export to countries like the UK, US, UAE, etc. India is the top exporter of textiles made of jute, popular at the international level. This makes the textile industry the most profitable one that consists of materials made of natural and artificial fibers in addition to apparel accessories, knitted, clothed, and much more.
All the above-listed products make the best products for export from India and ideas if you are planning to begin your exporting business. These offer huge margins as many of these products are products locally and exported worldwide, where it has huge demands and good returns.
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