diehard4.gif (3611 bytes)

Google search

Follow us:  twitter


 

International trade

Rs 500 note

India's share in the global trade, has increased from 0.4% in 1980-95 to 1.1% in 2004 to 1.5% in 2006-07 and about 2% in 2010. Foreign trade, as a percentage of GDP (in rupee terms) was over 45% in 2010, up from 14.1% in 1990-91.

Total foreign trade by India:
Source: Indian Ministry of Commerce and Industry (Rs lakh Cr.)
 

Year

Exports

Imports

1997-98
2002-03
2005-06
2007-08
2008-09
2009-10
2010-11

1.30
2.50
4.55
6.56
8.41
8.46
11.43

1.55
2.97
6.31
10.12
13.75
13.64
16.84

 

World's top exporters (2011)
Source: World Trade Organization

Country Export value (US$ billion)
European Union
China
USA
Germany
Japan
France
Netherlands
South Korea
Italy
Russia
UK
Canada
Hong Kong
Singapore
Saudi Arabia
Mexico
Belgium
Spain
Taiwan
Switzerland
India (rank 19)
Australia
2,131
1,898
1,511
1,408
801
578
577
557
522
499
495
451
428
409
351
336
332
331
325
308
304
266

ExportsIndia's export growth is the second fastest in the world after China's. India's services contributed about 35% of the total exports as of 2010-11. India's chief exports include computer software, agricultural products (cashews, coffee, tea, pulses, spices and tobacco), cotton yarn and clothing (ready-made garments and silk), gems and jewellery, cut diamonds, handicrafts, iron ore, mica, jute products, leather goods, shrimp. The country also exports industrial goods, such as appliances, electronic products, transport equipment, light machinery as well as chemical and engineering products. India imports rough diamonds, cuts them, and exports the finished gems. India's export partners are US 12.6%, UAE 12.2%, China 8.1%, Hong Kong 4.1% (2010)

World's top importers (2011)
Source: World Trade Organization

Country Import value (US$ billion)
European Union
USA
China
Germany
Japan
France
UK
Italy
South Korea
Netherlands
Hong Kong
India
2,344
2,314
1,744
1,339
795
686
655
541
526
514
493
489


Imports

Capital goods and fuel, each account for more than a quarter of Indian imports. Other imports of India include edible oils, fertilizer, food grains, iron and steel, industrial machinery, professional instruments and transportation equipment. Chemicals, precious and semi-precious stones and non-ferrous metals are the other major imports. India's main import partners included China 12.4%, UAE 6.5%, Saudi Arabia 5.8%, US 5.7%, Australia 4.5% (2010).

Foreign Exchange Rates (per US $)
Source - International Monetary Fund

Year Indian Rupee
(annual averages)
1950
1960
1970
1975
1980
1985
1990
1991
1992
1993
1994
1995
1996
1997
1998
2000
June 2002
Jan 2004
Aug 2005
Jan 2006
Apr 2007
Apr 2010
Apr 2011
May 2012
June 2012
July 2013
4.79
4.77
7.58
8.41
7.89
12.37
17.51
22.74
25.92
30.49
31.37
32.43
35.43
36.31
41.26
45.0
49.04
45.6
43.45
44.04
41.01
45
-

53.45
57
60

The Indian rupee is significantly, albeit not fully, convertible for current account balances. By and large, the Indian exchange control regime is flexible to allow the market to play an important role in the determination of the exchange rate.

Foreign Direct Investment

According to UNCTAD's report, India's is ranked 9th most attractive investment destination in the world, in terms of FDI (Foreign Direct Investment). FDI as a percentage of GDP has increased from 0.9% in 2005 to 2.8% in 2008 (higher than China's)

Foreign funds inflow, 2011
Source: Reserve Bank of India

  Foreign Direct Investment (excludes portfolio investments) Foreign Investment Inflows (Includes direct & portfolio investments)

1990-1998
1998-2003
2010-2011

US$ 10.6 billion
US$ 13.43 billion
US $30 billion

US$ 26.53 billion
US$ 28.54 billion
US $ 100 billion

 

 

To SUBSCRIBE to our free email newsletter on e-Governance issues, please email to the author Gaurang Damani


Re-discover the might of India!

This section showcases facts and figures about India, from known reliable sources. We passionately believe that the time has come for India to take its rightful place at the world's center-stage.

 

     Overview Infrastructure Demographics Culture Leisure  
  news.gif (52 bytes) Economy
news.gif (52 bytes) Military
news.gif (52 bytes) China - India
news.gif (52 bytes) Info-Tech
news.gif (52 bytes) Agriculture
news.gif (52 bytes) Industry
news.gif (52 bytes) Trade
news.gif (52 bytes) Space
news.gif (52 bytes) Finance
news.gif (52 bytes) Wealth

news.gif (52 bytes) Power
news.gif (52 bytes) Oil/ Gas
news.gif (52 bytes) Coal
news.gif (52 bytes) Telecom
news.gif (52 bytes) Railways
news.gif (52 bytes) Airlines
news.gif (52 bytes) Ports
news.gif (52 bytes) Roads
news.gif (52 bytes) Post
news.gif (52 bytes) Water/ dam

news.gif (52 bytes) Land mass
news.gif (52 bytes) Climate
news.gif (52 bytes) Topography
news.gif (52 bytes) Population
news.gif (52 bytes) Religion
news.gif (52 bytes) Education
news.gif (52 bytes) Democracy
news.gif (52 bytes) Judiciary
news.gif (52 bytes) World History
news.gif (52 bytes) Indian History
news.gif (52 bytes) Aryan
news.gif (52 bytes) Veda
news.gif (52 bytes) Rishi's
news.gif (52 bytes) Literature
news.gif (52 bytes) Languages
news.gif (52 bytes) Philosophy
news.gif (52 bytes) Yoga
news.gif (52 bytes) Monuments
news.gif (52 bytes) Traditions
news.gif (52 bytes) Hand crafts
news.gif (52 bytes) Movies
news.gif (52 bytes) Music
news.gif (52 bytes) Dance
news.gif (52 bytes) Media
news.gif (52 bytes) Tourism
news.gif (52 bytes) Pilgrimages
news.gif (52 bytes) Festivals
news.gif (52 bytes) Sports
news.gif (52 bytes) Food
news.gif (52 bytes) Ms India
 

 


Copyright 2000 www.diehardindian.com. All rights reserved. Privacy Policy and Terms of Use