If the exports of gems and jewellery in 1999-2000 were approximately $ 300 million then what is the value (in millions) of the exports of ores and minerals in 2002-2003 given that the value of India’s exports has increased by 150% from 1999-2000 to 2002-2003 ?

Solution

Let the total exports in 1999-2000 be t.

Manufacturing goods = 77.6/100 * t

gems = 16.6/100 * 77.6/100 * t = 300

t = 2328.9

India’s exports in 2002-2003 = 1.5 * 1960.78 = 3493.35

What is the value (in millions) of the exports of ores and minerals in 2002-2003 = 3.6/100 * 3493.36 = 125.76

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