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

Which industry is the major source of foreign exchange?

Business Process Outsourcing (BPO)” sector is considered as the major source of foreign exchange for IT industry.

WHY IT industry has been a major foreign exchange earner in recent years?

This industry has been a major foreign exchange earner in the last two or three years because of its fast growing Business Processes Outsourcing (BPO) sector. The continuing growth in the hardware and software is the key to the success of IT industry in India.

Which industry has been major foreign exchange earner in the last two or three years * 1 point?

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 is India’s major foreign exchange earner?

Petroleum: India’s largest foreign exchange earner. Petroleum is emerging as the largest foreign exchange sector in India with 16.2 per cent share petroleum exports are expected to exceed $ 20 billion in this financial year.

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Which of the following has been the major source of foreign exchange for IT industry a BHEL B Sail C BPO d oil?

BPO are the major source of foreign exchange for IT industry.

Which is the best source of exchange?

Three sources of supply of foreign exchange are :

  • Exports: Exports of goods and services is an important source of supply of foreign exchange.
  • Grants and donations from rest of the world: A significant amount of foreign exchange flows from rich to poor countries by way of grants and donations.

Why is information technology industry a major foreign exchange earner?

The impact of IT and Electronic Industries are: … (ii)This industry has been a major foreign exchange earner in the last two or three years because of its fast growing Business Processes Outsourcing (BPO) sector. (iii)The continuing growth in the hardware and software is the key to the success of IT industry in India.

Which of the following 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.

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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