NEW DELHI : India’s export competitiveness has significantly improved across various sectors—especially in petroleum, gemstones, agrochemicals, and sugar—over the past five years. According to data from the Commerce Ministry, these segments have successfully increased their share in global trade.

The other sectors where the share of India’s exports has increased during 2018 and 2023 are electrical goods, pneumatic tyres, taps and valves, and semiconductor devices.

Analysis of ministry data reveals that petroleum exports surged to $84.96 billion in 2023, with India’s market share climbing to 12.59% last . . .