International Trade is mutually beneficial as no country is self-sufficient. India’s international trade has undergone a sea change in recent years in terms of volume, composition as well as direction. Although India’s contribution to world trade is as low as one per cent of the total volume, yet it plays a significant role in the world economy.

Which sector accounted for 73.6 per cent of India’s total value of export in 2016-17?

Manufacturing

The manufacturing sector alone accounted for 73.6 per cent of India’s total value of export in 2016-17.