Import and export items of India
Faculty - Khusboo Jain
For Commerce and Economics classes contact at - 9231504644
India’s import and export data throws open a mixed results. The following major points are derived by looking into the data of the import and export of India.
- There has been a healthy and constant growth of export and import of goods over the years. However, import of goods has exceeded the export of goods by India.
- The balance of payment i.e. Export bill minus import bill has been in the negative territory, yet, it is not in the danger zone so far.
- There has been steady increase in the import of goods in the petroleum and energy sector whereas the export of India has seen a steady rise in non-agricultural exports.
India ranks among the major exporting nation of the world, yet, it lags behind some of the established countries like China and USA in export trade. Infact, its performance is way lesser even compared to some of the other smaller countries like Singapore, South Korea, etc. We shall look into the major items of export by India.
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| India's Export Data, Period 2011-12, Source - http://commerce.nic.in/ |
