With time the growth of the economy was spurred more during liberalization of the economy than during any other period.

1. Indian Export Import Data- a historical view
Summary: With time the growth of the economy was spurred more during
liberalization of the economy than during any other period.
Indian export import data has always been of keen importance when it comes to the
analysis of the health of the Indian economy. Exports can be broadly defined as the
goods that one country sends to another country or a group of countries in exchange of
some commonly accepted currency. In case the trading nations have signed a trade
agreement among themselves then the two nations can export and import goods among
themselves by using either of the two nation’s currencies.
Imports are the commodities that a nation buys from one nation or a group of nations in
exchange of a commonly accepted currency. Often this commonly accepted currency is
the US Dollar or the Euro. In case nations have signed a bilateral trade agreement they
can import and export goods in the barter system. Imports are often discouraged by
some nations which see it as process to drain their economy of precious foreign
currency. The Indian export Import data of previous years can be used as a
cornerstone for the analysis of Indian export import across many decades.
The Indian export import data shows us that there are 3 distinctive sections in the
history of Indian exports and imports. These sections are given below:
•
The period from 1953- 1971
•
The period from 1972- 1990
•
The period from 1991- 2009
1. The period from 1953-1971:
Indian exports in this period were almost negligible in today’s terms. The only
mentionable goods that were exported were hand woven silk, rice, sugar and
wheat. Although these might seem like a large many sectors, where exports were
done but the quantity of these exports were negligible. Often these sectors were
not even in a state to compete with other exporters in these sectors. This was
stage in India’s economy where the focus was on capacity building rather than
export generation, which also resulted in a large amount of imports both of
goods and services.
2. The period from 1972- 1990:
Indian export import data clearly points out that although India still continued
its effort of capacity building, the influence of communism on the central
legislation made India take a stance which is often described as, “All Exports are
Good, All imports are bad”. This was phase marked by the slogan of self
sufficiency and of the license raj. Since India did not have a great many resources

2. at this point to sell to the world, the amount of foreign currency coming into the
nation would be very less which is the reason the foreign currency reserves of
the country faced a massive depletion by 1990.
3. The period from 1991- 2009:
Indian export import data tells us that 1991 ushered in the age of liberalization
of the economy. Where customs duty on many products were lowered and
imports and foreign investment were promoted which would technically result
in a larger foreign currency reserve. This the system followed till today.
To know more details about Indian export data, Indian import data, International
trade data, global data provider, customs export import data India, and many other
types of import/export data in India, you can visit our website www.seair.co.in