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India's Trade Overview and Opportunities

This document provides an introduction to economics concepts related to international trade, including imports, exports, and balance of trade. It then discusses India's major export and import goods/partners and schemes to promote exports like EPCG. In conclusion, it notes that India has one of the fastest growing economies and its share of global trade has been increasing, with foreign trade representing over 24% of GDP in 2010.

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487 views16 pages

India's Trade Overview and Opportunities

This document provides an introduction to economics concepts related to international trade, including imports, exports, and balance of trade. It then discusses India's major export and import goods/partners and schemes to promote exports like EPCG. In conclusion, it notes that India has one of the fastest growing economies and its share of global trade has been increasing, with foreign trade representing over 24% of GDP in 2010.

Uploaded by

Yuvrajgreat
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd

ECONOMICS

Introduction

IMPORT
•Goods & Services consumed in one country
which has been bought from another country

EXPORT
• Goods and services that are produced
domestically and sold to buyers in another
country
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
Software, Engg goods

Agricultural products
Major
Exported Textile goods, Chemicals
Goods
Leather manufactures

Gems and Jewellery


Crude oil

Electronics & Electrical


Major goods
Imported Several Commodities,
Machinery
Goods
Medicine & medical
equipment
Aircraft spare parts
Main Export Partners
Countries

China US
5.09% 12.59%

UAE
12.87%
Main Import Partners

Germany
China
Singapore 10%
26%
10%
Iran
10%

UAE Saudi Arabia


12% 17%
US
15%
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
Special Economic Zone
2
Free Trade and Warehousing Zone
1 Scheme

Export Oriented Unit Scheme


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

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