Import Export Data India- The Balance of Trade
Upcoming SlideShare
Loading in...5
×
 

Import Export Data India- The Balance of Trade

on

  • 228 views

Import Export Data India helps us calculate the balance of trade for India. Balance of trade can be broadly be defined as the difference between the import and export of a country. A trade deficit in ...

Import Export Data India helps us calculate the balance of trade for India. Balance of trade can be broadly be defined as the difference between the import and export of a country. A trade deficit in balance of trade happens when the amount spent on imports are greater than the amount earned through exports.

Statistics

Views

Total Views
228
Views on SlideShare
228
Embed Views
0

Actions

Likes
0
Downloads
0
Comments
0

0 Embeds 0

No embeds

Accessibility

Categories

Upload Details

Uploaded via as Microsoft Word

Usage Rights

© All Rights Reserved

Report content

Flagged as inappropriate Flag as inappropriate
Flag as inappropriate

Select your reason for flagging this presentation as inappropriate.

Cancel
  • Full Name Full Name Comment goes here.
    Are you sure you want to
    Your message goes here
    Processing…
Post Comment
Edit your comment

    Import Export Data India- The Balance of Trade Import Export Data India- The Balance of Trade Document Transcript

    • Import Export Data India- The Balance of Trade Import is the goods that a country buys from a country or a group of countries (like the OPEC) in exchange for a commonly accepted currency. Mostly the commonly accepted currency is the US Dollar or the Euro. Many countries have an adverse view of imports as they drain the economy of the foreign currency which maybe very precious to the company. Exports are the products which a country sends to other countries in exchange of a commonly accepted currency like the US Dollar or the Euro. Mostly the products exported are those which the exporting country has in excess or which the exporting country has a monopoly of production like Darjeeling tea and Assam Tea for India. Import export data India us about the amount of imports and exports of India. Balance Of Trade for India: Import Export Data India helps us calculate the balance of trade for India. Balance of trade can be broadly be defined as the difference between the import and export of a country. A trade deficit in balance of trade happens when the amount spent on imports are greater than the amount earned through exports. A trade surplus is a situation where the amount earned through exports outweighs the amount spent on imports. India currently has a trade deficit in Balance of trade, some key reasons for this deficit are: • Large quantity of petroleum has to be imported to meet local demand, of both the automobile and the industrial sector. • Large amount of foreign currency is spent on the import of animal and plant oils and related articles. India has a huge domestic demand but very little domestic production or cultivation. • Import export data India also tells us that an emerging sector draining the economy of foreign currency is the power generation sector. The large amount of power projects in the country forces the government to import a large amount of power generation hardware and software. Look into the future: Import Export Data India also tells us that all is not lost for the country when it comes to foreign currency reserves. India does make significant foreign currency income by the export of a number of products which are listed below: • Tea. Assam tea and Darjeeling tea are two types of tea that only India has the right to manufacture. Large foreign demand brings in a large quantity of foreign exchange.
    • • Fabrics. Indian fabrics like cotton, nylon and silk have large demand in the European Union, countries along the gulf of Arabia and in the Indian subcontinent which also brings in a large amount of foreign currency. The Indian balance of trade is poised to become trade surplus within the current decade on the back of robust international demand for Indian products. To know more details about import export data, Indian import data, Indian export data, Indian custom data, or any other types of import/export data and international trade data as well, you can check at www.seair.co.in Summary – These data are really helpful for any kind work related to finance and also helps to prepare the balance sheet.