Import and Export of India

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.

1. 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. 
2. 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.
3. 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.

EXPORT OF COMMODITIES BY INDIA

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.

India's Export Data,  Period 2011-12, Source - http://commerce.nic.in/

Functions of Export and Import Firms

Study the working of firms importing and exporting goods

 Faculty - Khushboo Jain

For classes on economics and commerce contact at 9231505644

 

Introduction

Import and export of goods fall under international trade between countries. International trade involves trade of goods amongst the nations in those commodities in which they are specialized and have a cost-advantage. Like India has a cost advantage in Information Technology related work because of availability of huge trained manpower that are ready to provide services at a cheaper rate than those in developed countries like USA, UK, etc.  The import and export of goods and services are being carried out by various export and import firms.

This project shall look into the functioning and working of these export and import firms. They have to carry out certain functions for international trade.

Export firms

An export firm is one which is engaged in the transfer of goods, commodities and services outside the geographical boundaries of a nation. These firms are therefore, engaged in the transfer of domestic goods and services into foreign countries.

THE MAIN FUNCTIONS OF THE EXPORT FIRMS

Functions of Export Firm

An export firm has to follow these stages while exporting goods abroad