Question:
Major foreign exchange earner for India
Major foreign exchange earner for India
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Basmati rice from the Indo-Gangetic plains has a Geographical Indication (GI) tag, which helps protect its premium value and export demand in international markets.
Updated On: Jul 13, 2026
- Wheat
- Rice
- Coffee
- Tea
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The Correct Option is B
Solution and Explanation
Step 1: Understanding the Concept:
Agricultural exports are a major source of foreign exchange for India.
The contribution of different crops depends on national production levels, global demand, and the export value of premium varieties.
Step 2: Detailed Explanation:
- India is one of the world's largest exporters of agricultural products, and Rice is its largest agricultural export by value.
- Basmati rice, which is highly aromatic and premium-grade, and non-basmati rice are exported in large quantities to the Middle East, the US, Europe, and African countries.
- This makes rice the leading agricultural export and a major foreign exchange earner for India, ahead of spices, tea, coffee, and wheat.
Step 3: Final Answer:
The major agricultural foreign exchange earner for India is rice.
Agricultural exports are a major source of foreign exchange for India.
The contribution of different crops depends on national production levels, global demand, and the export value of premium varieties.
Step 2: Detailed Explanation:
- India is one of the world's largest exporters of agricultural products, and Rice is its largest agricultural export by value.
- Basmati rice, which is highly aromatic and premium-grade, and non-basmati rice are exported in large quantities to the Middle East, the US, Europe, and African countries.
- This makes rice the leading agricultural export and a major foreign exchange earner for India, ahead of spices, tea, coffee, and wheat.
Step 3: Final Answer:
The major agricultural foreign exchange earner for India is rice.
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