International trade data

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International Trade Data analysis tells us that India is quickly becoming a major player on the stage of world trade.

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International trade data

  1. 1. International Trade Data- India with the world International trade can be defined as the study of trade between different countries happening between countries. International trade is what defines the trade agreements, trade conditions and in some cases the price of the goods that the country is exporting or importing. International Trade Data analysis tells us that India is quickly becoming a major player on the stage of world trade. Some key areas of international trade where India plays a major role are: • Tea Exports: International Trade Data tells us that India has the monopoly to produce some types of tea, namely, Darjeeling tea and Assam Tea. This gives India a unique stand in tea trading. Often this trading happens by the bidding of India where India can dictate the price and delivery time for the tea on the back of strong demand from Europe, China & Russia. But in recent times the competition from other Asian tea is replacing Indian tea from certain taste buds. But the difference between demand and supply is so large that Indian tea is not only growing but also commanding a premium. • Pharmaceutical exports: Pharmaceutical products manufacturing have shifted to India on the back of cheap labour and the expertise in pharmaceutical products. Some Indian companies are exporting their drugs to stringent countries like USA where the drug safety levels are very high. This tells us that the standard of drug making in India is rising day by day. • Fabric Exports: International trade data tells us that India has been a traditional exporter of good quality fabric.

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