The commerce ministry in its latest data has stated that India's export competitiveness has witnessed healthy gains in multiple sectors -- particularly petroleum, gemstones, agrochemicals and sugar -- during the last five years, as these segments have 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.
The ministry data analysis showed that petroleum exports rose to $84.96 billion in 2023, with India's market share surging to 12.59 per cent last year from 6.45 per cent in 2018, positioning it as the second-largest global exporter. It was ranked fifth in 2018. In the precious and semi-precious stones segment, the country's share in global shipments has soared to 36.53 per cent last year from 16.27 per cent in 2018. It has propelled the country to the top position in the category, with exports reaching $1.52 billion in 2023 from $0.26 billion in 2018. It was at the second spot in 2018. Similarly, in cane or beet sugar, the country's outbound shipments have more than quadrupled to $3.72 billion from $0.93 billion in 2018. India has achieved tremendous growth in the export of cane or beet sugar, with its global market share increasing from 4.17 per cent in 2018 to 12.21 per cent in 2023.
India is now the third-largest exporter globally against the 5th position in 2018. Further, the country's position in the global market for rubber pneumatic tyres has also strengthened, with exports growing to $2.66 billion in 2023 from $1.82 billion in 2018. India now holds a 3.31 per cent share of the global market, up from 2.34 per cent in 2018, and the country has moved up to the eighth position globally from 13th in 2018, indicating the rising demand for Indian-manufactured tyres, particularly in emerging markets.
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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