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International Trade.
India's chief exports include cashews, coffee, cotton textiles and clothing, cut diamonds, handicrafts, iron ore, jute products, leather goods, shrimp, tea, and tobacco. The country also exports industrial goods, such as appliances, electronic products, and light machinery. The chief import of India is petroleum. Other imports of India include edible oils, fertilizer, food grains, iron and steel, industrial machinery, and transportation equipment.
The value of India's imports is greater than the value of its exports. India uses foreign loans to finance the extra imports. India's main trading partners include Britain, Germany, Japan, and the United States.