2. Introduction
• Goods and services that are produced
domestically and sold to buyers in another
country.
3. Balance of trade
• It represents a difference in value for import
and export for a country.
• A country’s trade balance equals the value of
its exports minus its imports.
• Exports are goods or services made
domestically and sold to a foreigner.
4. Major countries in which india
exporting
• United states ($51.6B 16% of total indian
exports)
• UAE ($29B 9%)
• China ($16.4B 5.1%)
• Hong Kong ($13.2 4.1%)
• Singapore ($10.4B 3.2%)
• United kingdom ($9.8B 3%)
5. Indias rank in export
• In 2017 India exported $292B, making it the
17th largest exporter in the world. During the
last five years the exports of India have
increased at an annualized rate of 1.2%, from
$273B in 2012 to $292B in 2017.
• The most recent exports are led by Refined
Petroleum which represent 10.3% of the total
exports of India, followed by Diamonds, which
account for 9.1%.
7. Major exports of India
Softwares,
engg goods
Agricultural
products
Textile goods,
chemicals
Leather
manufactures
8.
9. EFFECT OF EXPORTING
• The Importance of Exports in an Economy.
“Export growth is important because of its
effect on internal trade and economic stability.
Even more, the rate of economic growth and
the distribution of income and wealth in a
country are closely related to export growth.”
Growth of an economy is directly related to
exports
10. Governing bodies
• Ministry of commerce and industry.
• Directorate general of foreign trade
• Central board of excises customs
11. Ministry of commerce and Industry
• Commerce and Industry Minister, Piyush
Goyal, held a review meeting on Export Credit
with Ministry officials, representatives from
the banking sector and industry stakeholders
in Mumbai on 30.06.2019 to deliberate upon
ways to provide affordable credit and easier
access to funds for small exporters and
MSMEs.
12. Directorate general of foreign trade
• The Directorate General of Foreign Trade
(DGFT) is the agency of the Ministry of
Commerce and Industry of the Government of
India, responsible for the execution of the
import and export Policies of India. ... For
promoting exports and imports DGFT establish
its regional offices across the country.