Share of India's exports in the world trade in sectors such as pharma, gems and jewellery, leather, and footwear declined in 2022 as compared to 2015, according to a report by think tank GTRI.
However, there is an increase in the share of electronics, machinery, petroleum, auto parts, iron and steel, and aluminium products' exports during the period.
"India's global market share in sectors like apparel, leather, shoes, and marine products has been decreasing, primarily due to concerns over quality rather than pricing issues," Global Trade Research Initiative (GTRI) Co-founder Ajay Srivastava said.
The report said that the key sectors that witnessed a higher share in global trade are electronics, telecom, mobile phones, and electrical equipment, as well as machinery.
This is noteworthy as these product groups hold substantial importance in world trade, which exceeds USD 6 trillion.
India's historically low share in these sectors is gradually but decisively improving, Srivastava said.
