Which of the following statements is true about the changing pattern of India’s international trade?

Correct option is B

The correct answer is: (b) The share of agriculture and allied products has declined, whereas, shares of petroleum and crude products and other commodities have increased.
Explanation:
· Over the years, India's trade basket has shifted significantly from primary agricultural products to petroleum, crude, and manufactured goods.
· As India industrialized and expanded its energy needs, the import of petroleum and crude products increased.
· Agriculture’s share in exports has declined due to the rise of manufactured and technology-based exports.
Information Booster:
· India's top exports now include engineering goods, petroleum products, gems & jewellery, and chemicals.
· Crude oil and gold are among the top imports.
· Trade agreements and liberalization policies post-1991 shifted focus to industrial and service sectors.
· India's export policy aims to promote high-value exports over primary products.
· WTO membership since 1995 has integrated India more into global trade.
· Non-agricultural commodities dominate both exports and imports now.