Which of the following contributes to a large amount of foreign exchange?

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Export of gold jewellery

Export of petroleum products

Export of engineering goods

Export of hardware and software

answer is D.

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Detailed Solution

Exporting hardware and software brings a large amount of foreign exchange to India. The exchange of software products and services contributes to foreign exchange, and the net economic worth has rapidly risen. The impact of globalisation has brought significant changes to India’s economy. The country is on the rise to becoming a software giant, with high demand for its software and hardware products and services. In the 1990s, the majority of products needed by the country were imported or produced outside India. However, the times have changed, and with the introduction of the Make in India mission, indigenous production rapidly increased, reversing the numbers. Apart from technological products and services, agricultural products also have great demand.

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