assignment ibr1902b44 reg no 10902357 jag pal singh

8/8/2019 Assignment IBR1902B44 Reg No 10902357 Jag Pal Singh

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ASSINGMENT

OF

INTERNATIONAL BUSINESS

SUBMITTED TO- SUBMITTED BY-Mr. Mahesh Chandra Joshi, Jagpal Singh

LSB(LPU) Roll No.R1902B44Reg.No.10902357


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International Trade

Internal trade refers to the exchange of goods and services between the buyers and sellers withinthe political boundaries of the same country. It may be carried on either as a wholesale trade or aretail trade. External trade or international trade, is the trade between different countries i.e. itextends beyond the political boundaries of the countries. In other words, it is the trade betweentwo countries. Hence, it is also known as foreign trade.

Trading with nations beyond the seas is however not new to Indians. Evidences about ourinternational trade are found in the ancient literatures of our country. But the volume of suchtrade was insignificant and continued to remain so tight through the middle ages and up to theadvent of the British rule in India. It is only after the British rule that Indias foreign trade took adefinite shape.International trade on large scale has become a phenomenon of the 20th century especially afterthe IInd World War. There is practically no country today, which is functioning as a closedsystem. Even socialist countries like Russia and China are now taking concrete steps to captureforeign markets for the products produced in their country. International trade, thus, has becomeas essential ingredient of the normal economic life of any country.

Indias Trading Partners

INDIA is in a recovery mode from the hugely impacted global financial meltdown surfaced inmid-September 2008. An advance estimate of the Central Statistical Organization indicates to

7.2 percent GDP growth during the current fiscal year ( 2009-10), though the governmentexpects it may even surpass the CSO estimates. Coupled with this, the industry is sendingencouraging feeler to fuel the hope for a better revival of the economy from the onslaught ofthe meltdown that had impacted among others India's exports like most of other countriesaround the world. The cumulative growth for the period April-December 2009-10 stands at8.6 percent.

On industry front, the Quick Estimates of Index of Industrial Production (IIP) with base 1993-94 for the month of December 2009 have been released by the Central Statistical Organisationof the Ministry of Statistics and Programme Implementation. The General Index stands at331.7, which is 16.8 percent higher as compared to the level in the month of December 2008.

The cumulative growth for the period April-December 2009-10 stands at 8.6 percent over thecorresponding period of the pervious year. The Indices of Industrial Production for theMining, Manufacturing and Electricity sectors for the month of December 2009 stand at206.0, 360.7, and 235.2 respectively, with the corresponding growth rates of 9.5 percent, 18.5percent and 5.4 percent as compared to December 2008. The cumulative growth during April-December, 2009-10 over the corresponding period of 2008-09 in the three sectors have been8.5 percent, 9.0 percent and 5.8 percent, respectively, which moved the overall growth in theGeneral Index to 8.6 percent.


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India's exports during the first 10 months ( April-December, 2010) of the current fiscal (2009-10) stood at US$ 117.58 billion signifying 20.3 percent decline from US$ 147.56 billionearnings achieved during the comparable period in previous financial year. Indias exportsduring December, 2009 were valued at US $14606 million (Rs. 68107 crore) which was9.3 per cent higher in dollar terms (4.8 per cent in Rupee terms) than the level of US $ 13368

million (Rs. 65015 crore) during December, 2008. Cumulative value of exports for the periodApril- December, 2009 was US $ 117587 million (Rs 563304 crore) as against US $ 147569million (Rs. 652919 crore) registering a negative growth of 20.3 per cent in Dollar terms and13.7 per cent in Rupee terms over the same period last year.

Indias imports during December, 2009 were valued at US $ 24753 million(Rs.115420 crore) representing a growth of 27 per cent in dollar terms (22 per cent in Rupeeterms) over the level of imports valued at US $ 19456 million ( Rs. 94625 crore) inDecember, 2008. Cumulative value of imports for the period April- December 2009 was US $193829 million (Rs. 927969 crore) as against US $ 253809 million (Rs. 1126199 crore)registering a negative growth of 23.6 per cent in Dollar terms and 17.6 per cent in Rupee

terms over the same period last year.

The trade deficit for April- December, 2009 was estimated at US $ 76242 million which waslower than the deficit of US $ 106240 million during April-December, 2008.

Its ambitious export target of US $ 200 billion for fiscal year 2008-09 * remained unattainable.Country's achievements in the export sector fell short of that target by about US $ 32 billion.The provisional estimates of the Federal ministry of Commerce put exports during FY 2008-09 at US $ 168.70 billion. But for this unexpected global financial crisis, for India US $ 200 billion was an achievable export target taking into account country's vibrant economy just before the crisis surfaced world over. India achieved the marked growth in exports despite

appreciation of rupee, high interest rates, spiraling oil prices, slow down in major trademarkets, and withdrawal of some GSP benefits to India by other countries. Besides export setback, India's yet another ambitious target of achieving 5 percent share of world trade by 2020receives a set back, hopefully temporarily. As a means to achieve the US $ 200-billion-target,a slew of innovative steps had been initiated in the Foreign Trade Policy (FTP) 2004-09. Butfor a country like India having over 1.2 billion population market, the target of achieving 5percent of world trade by 2020 is still achievable.

Indias first ever long term FTP was considered as a roadmap for the development ofcountrys foreign trade. The policy initiatives in the last four years had resulted in increasedtrade activity and has generated additional employment of 13.6 million. The new FTP hasmore than doubled Indias exports in four years. The countrys exports in 2008-09 stood atUS$ 168 billion from US $ 63 billion in 2004, registering a cumulative annual growth rate(CAGR) of 23 percent, year on year, way ahead of the average growth rate of internationaltrade. The global financial meltdown halted this growth. India's share of global merchandisetrade that was 0.83 percent in 2003 rose to 1.45 percent in 2008 as per WTO estimates.Country's share of global commercial services export was 1.4 percent in 2003; it rose to 2.8 percent in 2008. Indias total share in goods and services trade which was 0.92 percent in2003 increased to 1.64 percent in 2008. On the employment front, studies have suggested that


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nearly 14 million jobs were created directly or indirectly as a result of augmented exports inthe last five years.

Top ten largest trading partners of India (2008-09)(In Rs, Crore)

Country Total Trade Trade Balance

China PRP 163,202 -92,676

USA 155,353 12,254

United Arab Emirates 152,668 -1934

Saudi Arabia 105,602 -64303

Germany 67,602 -19497

Singapore 63,280 2934

UK 50114 524

Hong Kong 50,129 1772

Belgium 41552 -5294

Netherland 33099 19049

Source: Federal Ministry of Commerce, Government of India

India's foreign trade in merchandize goods in fiscal 2008-09 stood at US 455 billion. Exportsduring this period was up 3.4 percent to total at US $ 168.704 billion over previous fiscalsUS $ 163.132 billion. In Rupee (Indian currency) terms, exports stood at Rs.766935 croreregistering an increase of 16.9 percent over previous fiscals Rs Rs.655863 crore. Imports infinancial year 2008-09 stood at US $ 287.759 billion against US $ 251.654 billion in fiscal2007-08 registering a growth of 14.3 percent. In Rupee (Indian currency) terms exportsregistered 29 percent growth in financial year 2008-09 to stand at Rs.1305503 crore comparedwith Rs.1012312 crore in fiscal 2007-08. Country's trade deficit in fiscal 2008-09, accordingto provisional estimates of the Federal Ministry of Commerce, stands at US $ 119.055 billionwhich is significantly higher than the deficit at US $ 88.522 billion registered in fiscal 2007-08.

The short-term objective of India's new five-year Foreign Trade Policy (2009-14) that wasannounced in August, 2009 is to arrest and reverse the declining trend of exports and toprovide additional support especially to those sectors which have been hit badly by recessionin the developed world. The government intends to achieve an annual export growth of 15percent with an annual export target of US$ 200 billion by March 2011 and around 25 percent per annum for the remaining three years ending 2014. The government's objective is toachieve an annual export growth of 15 percent with an annual export target of US$ 200


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billion by March 2011. In the remaining three years of the new Foreign Trade Policy (2009-2014), the country should be able to come back on the high export growth path of around 25percent per annum, hopes country's Commerce and Industry minister Anand Sharma.

By 2014, Indias exports of goods and services are expected to double. The long term policy

objective for the government is to double Indias share in global trade by 2020. In order tomeet these objectives, the government would follow a mix of policy measures including fiscalincentives, institutional changes, procedural rationalization, enhanced market access acrossthe world and diversification of export markets. Improvement in infrastructure related toexports; bringing down transaction costs, and providing full refund of all indirect taxes andlevies, would be the three pillars, which will support us to achieve this target. Endeavour will be made to see that the Goods and Services Tax rebates all indirect taxes and levies onexports.

Initiatives are being taken to diversify country's export markets and offset the inherentdisadvantage for our exporters in emerging markets of Africa, Latin America, Oceania and

CIS countries such as credit risks, higher trade costs etc., through appropriate policyinstruments. The government has already endeavored to diversify products and marketsthrough rationalization of incentive schemes including the enhancement of incentive rateswhich been based on the perceived long term competitive advantage of India in a particularproduct group and market. New emerging markets have been given a special focus to enablecompetitive exports. This would of course be contingent upon availability of adequateexportable surplus for a particular product. Additional resources have been made availableunder the Market Development Assistance Scheme and Market Access Initiative Scheme.

Incentive schemes are being rationalized to identify leading products which would catalyzethe next phase of export growth. As part of market expansion policy,India has signed a

Comprehensive Economic Partnership Agreement with South Korea which will giveenhanced market access to Indian exports. Besides India has also signed a Trade in GoodsAgreement with ASEAN which will come in force from January 1, 2010, and will giveenhanced market access to several items of Indian exports. These trade agreements are in linewith Indias Look East Policy. India has also signed Preferential Trade Agreement withMercosur.

India's Foreign Trade (2008-09)(In US$ million)

April 2008 - March 2009

EXPORTS (Including re-exports)

2007-08 163132

2008-09 168704

Year-on change over 2006-07 3.4

IMPORTS

2007-08 251654


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2008-09 287759

Year-on change over 2007-08 14.3

TRADE BALANCE

2007-08 --88522

2008-09 -119055

Source: DGCI&S

* India's fiscal year is March to AprilSource: Federal ministry of Commerce,Government of India

Indias Commerce and Industry minister Anand Sharma has told the Cairns group (a coalitionof 19 agricultural exporting countries promoting free trade in agriculture) India is committedto the successful conclusion of the Doha process through a constructive engagement. In arecent address at a Cairns group meeting in Bali (June 8, 2009) the minister while

emphasizing on the need for resumption of negotiations based on the draft reports onAgriculture and NAMA, stated that the development dimension of the Doha round must becentral to all discussions and the aspirations of all developing countries for a fair tradingregime must be recognized. The coalition includes US, Canada, Brazil, Japan, EU, SouthAfrica, Indonesia among other countries.

"India is committed for the early resumption of the WTO Doha round negotiations, as there isa need to have a rule-based multilateral global trading system and the government willcontinue to take inputs from various stakeholders in the country", the Commerce minister toldthe industry body Confederation of Indian Industry (CII). While a perfect solution may beelusive, it should be possible to find a fair solution acceptable to all parties, while keeping in

mind that development was central to the Doha Round, he said at the annual summit 2009 ofthe US India Business Council which was attended by US Secretary of State Hillary Clinton.The existing level of trade and economic engagement is not commensurate with India's potential, which exists due to Indias far-reaching economic liberalization. India maintainsthat protectionist tendencies of some developed countries in times of economic downturnwould adversely impact developing countries.

"The principal aim of Indias negotiating strategy in the agriculture negotiations has been to protect the interests of farmers particularly with regard to their food and livelihood security.Substantial and effective reductions in domestic support and customs tariffs by developedcountries, while enabling developing countries to protect and promote the interests of their low

income and resource poor farmers, is a key priority for India and other developing countries inthe agriculture negotiations. The flexibilities available to developing countries including, inter-alia, lower tariff cuts than developed countries, self-designation of Special Products (SPs) whichwill have more flexible tariff reduction commitments than other products and the SpecialSafeguard Mechanism (SSM) to safeguard the interests of farmers in the event of surges inimport volumes or a fall in prices would be utilized by India for protecting low income andresource poor farmers of the country...A successful conclusion of Doha round is essential tocreate a fair and equitable, rule-based multilateral trade regime best serves the needs of


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developing countries", Jyotiraditya M. Scindia, Minister of State for Commerce & Industry toldmembers of the Upper House of Indian Parliament on July 8, 2009.

Analysis of Trade Partners

China has emerged as India's largest trading partner, replacing US in 2008-09. Apart fromincreasing trade engagement with the neigh bouring country and weak demand for foreign goodsin the US, which is reeling under recession contributed to this.

Bilateral trade engagement between India and China stood at Rs 1,63,202 crore (nearly $ 36billion) in April to February 2008-09, an increase of nearly 7% over Rs 1,52,713 crore in theyear ago period. In the same period under consideration, bilateral trade between India and the USdipped 7.5% and stood at Rs 1,55,353 crore (approximately $ 34 billion).

Exports from India had increased 3.4% in dollar terms and 17% in rupee terms during 2008-09.

Significantly, trade deficit-the difference between exports and imports-with China expanded41% in the period under consideration and stood at Rs 92, 676 crore (nearly $20.3 billion),pointing towards fast expanding imports from China. This is nearly one fifth (18%) of India'strade deficit during the period under consideration, the highest for any of its trade partners.

According to data available with the commerce ministry, imports from China expanded 28% andstood at Rs 1,27,938 crore ($ 28.10 billion) in April to February period of 2008-09. In fact,increase in large number of chemical and metal items import from China has been of concern forIndia, which has initiated many anti-dumping and safeguard duty mechanism investigations toascertain if Chinese companies are adopting any unfair trade practice.

Historically, the US has been India's top trading partner. Exports to the US have mostly beengreater than imports, as a result of which India has enjoyed a trade surplus. However, hit by theeconomic recession, demand for goods in the US plummeted, impacting exports from India aswell.

The conglomerate of 15 European nations with more to join the bloc next year, the EuropeanUnion has emerged as India's single largest trading partner accounting for more than one-fifth

share in both exports and imports of world's fourth largest economy in terms of PurchasingPower Parity. With the accession of another 10 states on May 1, 2004, the EU bloc will becomea trade giant in the world. EU-India trade registered an impressive 150 percent growth--from 9.97 billion in 1991 to 25.52 bn in 2001.

India's major trading partners in EU are UK, accounting for 21.4 percent of the two-way trade,followed by Germany with 20.7 percent, Bel-Lux with 19.3 percent, and Italy with 11.5 percent.Since their first bilateral summit in Lisbon in 2000, the Indo-EU trade relations got added


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momentum with both sides being committed to exploit the potential and scope of their economicrelations. Poverty alleviation is the guiding principle of the Indo-EU cooperation. "India'soverriding challenge for the first decade of the new millennium is to lift between two to threehundred million of its citizens out of poverty. All of India's cooperation partners, including theEC, subscribe to this objective and are seeking to mobilize their particular strength towards

helping the Indian government to achieve this goal", underpins EC's country strategy (2002-06)paper on India. To build the "human capital" of the world's largest democracy, the EC wouldassist India by "dedicating its resources to (a) making elementary education universal; (b)improving health services in favour of the hitherto deprived population groups; and (c) restoringand safeguarding a healthy environment." The EC would also help Indian authorities create an"enabling economic environment".

"The corner stone of the EU-India relationship lies in trade and investment. The EU is India'slargest trading and investment partner. Our bilateral trade constitutes a quarter of India's totaltrade. The EU is also India's biggest partner in development cooperation and the second largestsource of foreign direct investment", says Mr. Pascal Lamy, the EU Trade Commissioner who

was on a visit to India this March. In an interactive session with India's most powerful industryforum, Confederation of Indian Industries (CII) Mr. Lamy pointed out that though over last twodecades India's exports to Europe grew by 550 percent--from 2 bn to 13 bn in 2001, Indiaaccounts for only 1.3 percent of total EU imports of goods whereas China's share is 7.5 percent.In services, India's share is even lower at just 1 percent. Of the EU's global investments, Indiaaccounts for a meagre 0.2 percent which Mr. Lamy considers as a "poor return for a countrywhere 17 percent of the world population lives". This shows the vast scope to improve the traderelations. EU's imports in past two decades grew by 400 percent--from 2.5 bn in 1980 to 12.5 bn.

India Top 10 Exporting CountryCountry Name Total Export (USD)

Total India Export to USA 139782.70Total India Export to U ARAB EMTS 64195.27Total India Export to CHINA P RP 40509.30Total India Export to U K 39064.23Total India Export to HONG KONG 38213.53Total India Export to GERMANY 31259.34Total India Export to SINGAPORE 31199.31Total India Export to JAPAN 25438.95Total India Export to BELGIUM 24355.33Total India Export to ITALY 22122.62


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Top ten largest Trading partners 2008-09 (Apr-Feb)

Country Trade 2008-09

(Rs. In crores)

Trade Balance

CHINA PRP 1,63,202 -92,676

USA 1,55,353 12,254

U ARAB EMTS 1,52,668 -1,934

SAUDI ARAB 1,05,602 -64,303

GERMANY 67,602 -19,497

SINGAPORE 63,280 2,934

U K 50,144 524

HONG KONG 50,129 1,772

BELGIUM 41,552 -5,294

NETHERLAND 33,099 19,049

New Trade

Recently accelerating Asian trade and investment in Africa hold great promise for Africaseconomic growth and developmentprovided certain policy reforms on both continents areimplemented. China and Indias New Economic Frontier . Asian trade and investment in Africa

is part of a global trend towards rapidly growing South-South commerce among developingcountries. The first time, systematic empirical evidence on how the two emerging economicgiants of Asia China and India now stand at the crossroads of the explosion of African-Asiantrade and investment.450 firms, including Chinese and Indian companies, operating in fourAfrican countries South Africa, Tanzania, Ghana, and Senegal and developed in-depth businesscase studies in the field of additional 16 Chinese and Indian firms in Africa. Africa's Silk Roadoffers original firm-level data on the African continent of Chinese and Indian firms operatingthere.

Growing demand and greater investment

The exports from Africa to Asia tripled in the last five years, making Asia Africa's third largesttrading partner (27 percent) after the European Union (32 percent) and the United States (29percent).

Indian and Chinese foreign direct investment in Africa also grew, with China's amounting to$US1.18 billion by mid-2006. China and India each have rapidly modernizing industries and burgeoning middle classes with rising incomes and purchasing power. These societies aredemanding not only natural resource-extractive commodities, agricultural goods such as cotton,


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and other traditional African exports, but also diversified, nontraditional exports such as processed commodities, light manufactured products, household consumer goods, food, andtourism.

Because of its labor-intensive capacity, Africa has the potential to export these nontraditional

goods and services competitively to the average Chinese and Indian consumer and firm. "To besure, if you take a snapshot of today, the overwhelming bulk of Africa's exports to Asia is naturalresources," "But what's new is there is far more than oil that is being invested in and this is animportant opportunity for Africa's growth and reduction of poverty because Africa's trade formany years has been concentrated in primary commodities and natural resources."

While growing Asian trade and investment is cause for optimism, the cautions that there aremajor asymmetries in the economic relations between the two regions. While Asia accounts forone-quarter of Africas global exports, this trade represents only about 1.6 percent of the exports

shipped to Asia from all sources worldwide. By the same token, FDI in Asia by African firms isextremely small, both in absolute and relative terms.

And, the rise of internationally competitive Chinese and Indian businesses cuts into bothdomestic sales and exports of African producers of, for example, textiles and apparels.

It is imperative that both sides of this promising South-South economic relationship addressasymmetries and obstacles to its continued expansion through reforms,

y At-the-border reforms, such as elimination of China and Indias escalating tariffs onAfricas leading exports; and elimination of Africas tariffs on certain inputs that make its

own exports uncompetitive.y Behind-the-border reforms in Africa, to unleash competitive market forces, strengthen

its basic market institutions, and improve governance.y Between-the-border improvements in trade facilitation infrastructure and institutions to

decrease transactions costs, such as customs administration, transport andcommunications.

y Reforms that leverage linkages between investment and trade to allow African businesses participation in modern global production-sharing networks generated byChinese and Indian investments in Africa.

PARTNERSHIP FOR PROGRESS

For emerging economies like India, EU is one of the most accessible and open markets. TodayEU accounts for nearly a quarter of India's exports and imports. The European nationconglomerate is the second largest source of foreign direct investment into India although thecountry receives a meagre 0.6 percent of EU's global investments.Today India accounts for 1.2


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percent of EU imports and 1.4 percent of EU exports. EU's exports to India too does not matchwith other comparable markets in the world. The anomaly is being addressed to by the EU.

EU accounts for 22.46% of Indias total exports and 20.73% of total imports in fiscal2001-02.

Approved FDI from EU has significantly increased from US$ 78 million in 1991 toUS$ 2.31 billion in 2001.Actual FDI inflow from EU during this period stood at US$ 4.09 bn.EU investments in India have concentrated on sectors like industrial machinery;transport; electrical goods & electronics; chemicals & consultancy.New areas of EU investment in India include food processing; horticulture andfloriculture trade.EU is India's largest trading partner, accounting for nearly a quarter of the total two-waytrade. Economic liberalization in India has led to an impressive growth in the two-waytrade, which has increased from 12.17 Bio in 1993 to over 25.52 Bio in 2001.The share of Indian exports in the EU's overall imports is only 1.3 percent, its impact on

India's overall economy is much greater

INDIA-EU AGENDA FOR ACTION

Develop further our regular bilateral dialogue on democracy & human rights as anelement in Senior Officials and Ministerial Meetings.Intensify co-operation to promote the reconstruction of Afghanistan.Co-operate to promote democracy, development, fundamental freedoms and the rule oflaw.

Increase co-operation on counter-terrorism issues including the implementation ofUNSCR 1373 requirements and assess the opportunity for co-operation betweenEuropol and Indian agencies. Work towards early conclusion and adoption of theComprehensive Convention on International Terrorism.Mobilize the resources needed to promote autonomous civil society interaction andactivate the EU India Think Tank Network programme. Prepare a joint report for thenext summit on the appropriate follow-up to the recommendations tabled by the EUIndia Round Table.Task our experts to consult at regular intervals on the full range of technical issuesaffecting market access for our businesses.Invite the Joint Working Group on Information Society to intensify the dialogue on

policy and regulatory issues in the run-up to the 2003 World Summit on informationSociety.Encourage common approaches on global environmental challenges including climatechange and the follow-up to the WSSD through operationalization of the Plan ofImplementation.Build on the momentum of the new Agreement for Scientific and Technological Co-operation and prepare Indias participation in the ECs new Framework Programme.


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Launch negotiations for the Agreement on Customs Co-operation with a view toexchanging instruments at the 4th EU India Summit.Continue exploratory talks and bilateral interactions on the feasibility of having anAgreement on Maritime Transport and to submit a progress report to the next meetingof the India-EU Joint Commission.

Take steps for the speedy implementation of the "EC India Partnership for Progress" inline with the methodology to be agreed.Follow-up industrys recommendations under the first round of the "EU India JointInitiative for enhancing Trade and Investment" in the fields of Food Processing,Engineering, Telecommunication and Information Technology and examine therecommendations of the Business Summit under the second round of the "JointInitiative" in four new sectors: Financial Services, Power and Energy, Textiles andBiotechnology.Invite our industry to form a Joint Group, which may select new sectors and identifyareas for joint Cooperation for FDI and Trade.Build on the agreed orientations for the EC-India Trade and Investment Development

Programme with a view to launching it by mid-2003. Continue to engage their expertsat the appropriate levels with a view to speedily resolving their trade issues, amongothers those in the areas of Sanitary and Phyto-Sanitary rules and Technical Barriers toTrade and seek all opportunities to improve and facilitate their bilateral trade.As agreed at our first summit in 2000, continue an open and constructive dialogue onthe negotiations and other work launched at Doha in order to find solutions to ourrespective concerns, thus contributing to the successful and timely conclusion of thenegotiations in line with our commitments at Doha.

Export Commodity

S.No

.HSCode Commodity 2007-2008

%Shar

e

2008-

2009(Apr-

Sep)

%Shar

e

1652 27101950 FUEL OIL 1,505.90 0.924 1,899.30 1.9747

6536 61091000 T-SHIRTS ETC OFCOTTON

1,537.72 0.9435 753.62 0.7835

8155 74031100 CATHODS &

SECTNS OFCATHODS OFREFIND COP

1,544.76 0.9478 646.6 0.6723

1656 27101990 OTHERPETROLEUMOILS AND OILSOBTAINEFROMBITUMINOUS MINERALS

1,644.44 1.009 715.55 0.7439


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NES

2775 29420090 OTHERDILOXANIDEFUROATE,

CIMETIDINE,FAMOTIDINE NES

2,010.35 1.2335 1,102.44 1.1462

1556 26011130 NON-AGGLOMERATEDIRON OREFINES(62% FEAND ABOVE)

2,935.37 1.801 1,546.52 1.6079

1649 27101920 AUIATIONTURBINE FUEL(ATF)

2,975.08 1.8254 2,266.95 2.3569

1645 27101119 OTHER MOTORSPIRIT

3,349.26 2.055 2,880.14 2.9944

1650 27101930 HIGH SPEEDDIESEL (HSD)

11,978.05 7.3492 7,495.45 7.7929

7353 71023910 DIAMOND(OTHRTHN INDSTRLDIAMOND)CUTOR OTHERWISEWORKED BUT

NOT MOUNTEDOR SET

13,656.56 8.3791 7,857.61 8.1694

Yearly Wise Export

S.No. Years India Early Exports %Growth

1 2008-2009 96183.25 -66800.65

2 2007-2008 162983.90 36721.23

3 2006-2007 126262.67 23172.13

4 2005-2006 103090.54 19554

.5

95 2004-2005 83535.95 19693.40

6 2003-2004 63842.55 11123.12

7 2002-2003 52719.43 8892.70

8 2001-2002 43826.73 -733.56

9 2000-2001 44560.29 7737.80


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10 1999-2000 36822.49 3603.77

11 1998-1999 33218.72 -1566.27

12 1997-1998 34784.99 1315.04

13 1996-1997 33469.95

India's Total Export

Total 915301.46 62713.3

assignment ibr1902b44 reg no 10902357 jag pal singh

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