Import Export Market in India

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Import Export Market in India

  1. 1. ECONOMICS
  2. 2. Introduction IMPORT •Goods & Services consumed in one country which has been bought from another country EXPORT • Goods and services that are produced domestically and sold to buyers in another country
  3. 3. Balance of Trade It represents a difference in value for import and export for a country
  4. 4. Balance of Trade A country has demand for an import when domestic quantity demanded exceeds domestic quantity supplied, Else when the price of the good (or service) on the world market is less than the price on the domestic market NX = X − I, where NX represents Balance of Trade, X is Exports and I is Imports
  5. 5. As in 2010
  6. 6. Ministry of Commerce & Industry Directorate General of Foreign Trade Central Board of Excises Customs
  7. 7. As in 2010 India has identified 16 sectors where we believe there are real opportunities for Foreign companies  Aerospace (Civil)  Automotive  Agri-business (incl. Food & Drink)  Biotechnology & Pharmaceuticals  Construction (incl. Sports & Leisure Infrastructure)  Creative & Media  Education, Skills & Leisure
  8. 8. As in 2010  Engineering (incl. Mining, Metals & Metallurgical Process Industries)  Financial & Legal Services  Healthcare & Medical  ICT - Software/Computer Services & Residual Electronics and Communications  Oil & Gas (incl. Petro & Non-petrochemicals)  Power  Transport (incl. Airports, Ports, Railways and Security)  Water
  9. 9. Software, Engg goods Agricultural products MajorExported Textile goods, Chemicals Goods Leather manufactures Gems and Jewellery
  10. 10. Crude oil Electronics & Electrical Major goodsImported Several Commodities, Machinery Goods Medicine & medical equipment Aircraft spare parts
  11. 11. Main Export Partners Countries China US 5.09% 12.59% UAE 12.87%
  12. 12. Main Import Partners Germany China Singapore 10% 26% 10% Iran 10% UAE Saudi Arabia 12% 17% US 15%
  13. 13. EPCG Scheme Export Promotion Capital Goods Allow import of capital goods for pre- production, production and post-production at 5% CD Relaxation in… Units pertaining to agro, SSI, BIFR etc
  14. 14. 3 Special Economic Zone 2 Free Trade and Warehousing Zone 1 SchemeExport Oriented Unit Scheme
  15. 15. Where India Stands Today India has one of the fastest growing economies in the world Indias share in the global trade, including trade in merchandise and services sector, has increased from 1.5% in 2006 & 2% in 2009 & will cross the 2.5% in 2012 Foreign trade, as a percentage of GDP (in rupee terms) was over ~24% in 2010

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