Exports as also the Imports are essential for the economic development of the country. Whereas exports help country to earn valuable foreign exchange. Earning foreign exchange in turn help us to meet our import requirement mainly Crude, Drawing designs Technology and also to take care of our foreign currency borrowings. All the countries do not have all the resources and skills required to produce certain goods and services. Therefore countries have to depend on one other for meeting their requirements for products and services.
Both import and export bring jobs to the local economy. The benefits of import include giving developing nations a chance to boost their economy, producing higher quality products, and increasing revenue by introducing a new product to a locale.
Governments encourage exports. Exports increase jobs, bring in higher wages, and raise the standard of living for residents. As such, people become happier and more likely to support their national leaders. Exports also increase the foreign exchange reserves held in the nation's central bank.
Exports are the goods and services produced in one country and purchased by residents of another country. Exports are one component of international trade. The other being imports.
There is not a single unique product which can be suggested to export from India. In last few years, around many commodities were exported and fetched foreign currency for India. You can export any things i.e.Oil, Gems, precious metals, coins, Vehicles, Machines, engines, pumps, Organic chemicals, Pharmaceuticals, Cereals, Iron , steel, agricultural products, handicraft to name few and services etc.
One can select the market based on products and can export anywhere in the world.
You can export to China, United States, UAE, Switzerland, Germany, Hong Kong, Indonesia, South Korea, Malaysia, Singapore, Nigeria, Belgium, Qatar, Japan, Iraq, Kuwait, U.K., Iran, Australia, Venezuela, South Africa and all over the world.