Download - Import Export Market in India
ECONOMICS
Introduction
•Goods & Services consumed in one country which has been bought from another country
IMPORT
• Goods and services that are produced domestically and sold to buyers in another country
EXPORT
Balance of Trade
It represents a difference in value for import and export for a country
Balance of Trade
A country has demand for an import when domestic quantity demanded exceeds domestic quantity supplied,
Else when the price of the good (or service) on the world market is less than the price on the domestic market
NX = X − I, where NX represents Balance of Trade, X is Exports and I is Imports
As in 2010
Ministry of Commerce & Industry
Directorate General of Foreign Trade
Central Board of Excises Customs
As in 2010
India has identified 16 sectors where we believe there are real opportunities for Foreign companies Aerospace (Civil) Automotive Agri-business (incl. Food & Drink) Biotechnology & Pharmaceuticals Construction (incl. Sports & Leisure Infrastructure) Creative & Media Education, Skills & Leisure
As in 2010
Engineering (incl. Mining, Metals & Metallurgical Process Industries)
Financial & Legal Services Healthcare & Medical ICT - Software/Computer Services & Residual
Electronics and Communications Oil & Gas (incl. Petro & Non-petrochemicals) Power Transport (incl. Airports, Ports, Railways and
Security) Water
Major Exported
Goods
Software, Engg goods
Gems and Jewellery
Agricultural products
Textile goods, Chemicals
Leather manufactures
Major Imported
Goods
Crude oil
Aircraft spare parts
Electronics & Electrical goods
Several Commodities, Machinery Medicine & medical
equipment
Main Export Partners
US
12.59%
UAE 12.87%
China 5.09%
Countries
Main Import Partners
China 26%
Saudi Arabia 17%
US 15%
UAE 12%
Iran 10%
Singapore 10%
Germany 10%
EPCG Scheme
Export Promotion Capital Goods
Allow import of capital goods for pre-production, production and post-production at 5% CD
Relaxation in… Units pertaining to agro, SSI, BIFR etc
3
2
1 Export Oriented Unit Scheme
Free Trade and Warehousing Zone Scheme
Special Economic Zone
Where India Stands Today
India has one of the fastest growing economies
in the world
India's share in the global trade, including trade in merchandise and services sector, has increased from 1.5% in 2006 & 2% in 2009 & will cross the 2.5% in 2012
Foreign trade, as a percentage of GDP (in rupee terms) was over ~24% in 2010