Foreign Trade
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The document discusses India's foreign trade and its importance for economic development. It notes that while India had a significant share of world trade at independence, its share declined until 1980 but has since improved. It provides statistics on India's exports and imports by value and sector. It also discusses factors influencing India's foreign trade performance and rankings compared to other countries.
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Foreign Trade
- 1. FOREIGN TRADE by SWETHA
- 5. India’s Global share 1.4 Service imports 1.2 Service exports 0.8 Merchandise imports 0.7 Merchandise exports 0.5 FDI 5.45 GNP at purchasing power parity 1.50 GNP 16.78 Population 11.24 Arable land 2.47 Area India’s share (percentage) Factor
- 8. 9.0 2002-03 8.7 2001-02 8.8 2000-01 8.5 1999-00 8.0 1998-99 8.4 1997-98 9.6 1996-97 7.2 1990-91 5.4 1980-81 3.8 1970-71 6.8 1960-61 In % Year EXPORTS as a % of national income
- 9. The break-up of foreign trade in terms of exports & import -125190 838575 481950 356625 2004-05 -62394 645558 353976 291582 2003-04 -42067 552343 297206 255137 2002-03 -25267 234297 132447 101850 1998-99 -25267 277839 151553 126286 1997-98 -1488 182734 97111 85623 1996-97 -16325 229031 122678 106353 1995-96 BOT TVOT Import Export Year
- 12. 12.14 3.71 3.31 Drugs 25.82 3.49 2.78 Machinery 29.62 13.71 10.57 Gems & jewellery 34.00 17.9 13.30 Software 90.34 6.79 3.57 Petroleum crude & products (%)change 2004-05 ($bn) 2003-04 ($bn) ITEMS EXPORTS: 5 FASTEST GROWING SECTORS (INDIA’S TOP EXPORT MARKET)
- 14. 11.94 3.65 3.26 Hong kong 15.45 13.27 11.49 US 38.48 7.10 5.13 UAE 55.20 4.59 2.96 China 78.63 3.80 2.12 Singapore (%)change 2004-05 ($bn) 2003-04 ($bn) COUNTRY 5 FASTEST GROWING EXPORT DESTINATION
- 15. TOP FIVE FASTEST GROWING NATIONS: 3.80 SINGAPORE 0.81 RUSSIA 4.58 CHINA 1.69 UK 7.09 UAE 1.75 GERMANY 13.26 US 2.03 JAPAN 17.25 EU 5.02 US 2004-2005 ($bn) 1994-95($ bn )
- 16. 12.01 Textiles 1.06 Leather 12.67 Chemicals& related products 1.13 Marine products 13.70 Gems & jewellery 2.23 Cotton yarn, fabrics, made-ups 14.58 Engineering goods 2.28 Readymade garments 17.20 Software 4.50 Gems & jewellery 2004-05($bn) 1994-95 TOP 5 EXPORTS,THEN & NOW
- 19. Top Import (Products) 4.08 -21.37 30,061.51 India Import Of –pearls n jewel 5 7.63 43.37 56,216.24 India Import Of machinery 4 7.97 37.35 58,704.81 India Import Of - GOLD 3 8.86 25.32 65,281.46 India Import Of –electronic goods 2 32.10 34.47 236,601.84 India Import Of –crude oils 1 Value (INR in Crores) Value (INR in Crores) Value (INR in Crores) %Share %Growth Export Value of Goods Apr 2006 - Feb 2007 Name of Commodity Rank
- 20. 0.19 - 1,417.61 India Import of- Wheat 10 2.48 -22.47 18,258.34 India Import Of - OTHER COMMODITIES 9. 2.49 19.77 18,363.64 India Import Of - COAL, COKE & BRIQUITTES etc 8. 3.04 18.93 22,405.24 India Import Of - ORGANIC CHEMICALS 7. 3.31 40.20 24,413.75 India Import Of – IRON & STEEL 6
- 23. Indices of Global Competitiveness 13 9 4 43 10 44 11 38 10 Switzerland 8 15 22 54 26 16 10 40 9 UK 20 18 8 11 1 45 25 2 8 Hong Kong 3 13 11 47 29 7 12 42 7 Canada 7 2 2 46 17 43 8 52 6 Finland 10 8 1 4 2 1 15 13 2 Singapore 1 1 7 41 15 26 5 25 1 USA 51 38 54 14 59 5 49 19 49 India E- commerce Technological sophistication Overall infrastructure Investment rates Average tariff Export promotion Regulatory standard Govt Growth competitiveness
- 24. India’s Global share 1.4 Service imports 1.2 Service exports 0.8 Merchandise imports 0.7 Merchandise exports 0.5 FDI 5.45 GNP at purchasing power parity 1.50 GNP 16.78 Population 11.24 Arable land 2.47 Area India’s share (percentage) Factor
- 25. India’s Rank 1 Tea production 4 GNP at purchasing power parity 2 Tobacco production 12 GNP 2 Wheat production 19 Service imports 2 Rice production 22 Service exports 2 Nitro fertiliser consumption 26 Merchandise imports 2 Tractors in use 31 Merchandise exports 1 Irrigation area 2 Sugar production 2 Arable land 1 Butter and ghee production 7 Area 1 Milk production 2 Population Rank Factor Rank Factor
- 26. India’s share of Developing Countries 3.07 Merchandise imports 2.42 Merchandise exports 1.6 FDI 12.13 GNP at purchasing power parity 7.43 GNP 19.72 Population India’s share (performance) Factor
- 27. REGULATION OF FOREIGN TRADE
- 29. THANK YOU