Page 469 - ES 2020-21_Volume-1-2 [28-01-21]

96 Economic Survey 2020-21 Volume 2

Figure 4: Relative Contribution in Exports Growth

POL Exports Non POL Exports Total Exports (RHS) World Exports (RHS)
20 20

10 0 10

0
Per centage Points -10 -10 Growth rate (Y-o-Y), Per cent

-20
-20

-30 -30

-40 -40
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3
2018-19 2019-20 2020-21

Source: Survey calculations based on data of DoC and WTO
Figure 5: Relative Contribution in Non-POL Exports Growth in 2020-21 (April-November)

Gems & Jewellery -6.2
Engineering goods -3.8
Textiles and allied Products -2.4
Electronics goods -0.8
Organic and Inorganic chemicals -0.5
Marine Products -0.4
Plastic and Rubber articles -0.3
Ores & Minerals 0.4
Drug and Pharmaceutical products 1.2
Agriculture & Allied Producs 1.4
-7.0 -6.0 -5.0 -4.0 -3.0 -2.0 -1.0 0.0 1.0 2.0
Per centage Points
Source: Survey calculations based on data of DoC
3.12 Drug formulations, biologicals have consistently registered positive growth and highest
increase in absolute terms in recent months. This led to rise in its share to 7.1 per cent in April-
November, 2020 from 5.0 per cent in April-November, 2019, making it the second largest
exported commodity among the top 10 export commodities (Figure 6). This shows that India
has the potential to be the ‘pharmacy of the world’ (Box 1). Iron and Steel is another commodity
whose share has increased from 3.0 per cent to 4.4 per cent in the said period. However, the
pandemic-related disruptions led to sharp fall in exports of Motor Vehicles/ Cars as it no longer
figures among the top 10 exported commodities in April-November, 2020.