India's exports and imports for 2015-16 are summarized. Exports reached $262 billion but decreased 15.57% from the previous year. Imports totaled $380.36 billion, down 15.11%. The trade deficit was $118.35 billion, lower than 2014-15. Gems, precious metals and mineral fuels including oil are India's top exports. Mineral fuels including oil, gems and precious metals are the major imports. The United States, United Arab Emirates and China are India's top export destinations, while China, United States and Saudi Arabia are the leading sources of imports.

1. INTERNATIONAL TRADE
SCENARIO OF INDIA'S
EXPORT/IMPORT
BY :- SHREYA SHAH
MBA(IB) SEM (I)

3. CONTENTS:-
• TRADE POLICY.
• INDIA'S TRADE IN 2015-16.
• FTP OVERVIEW.
• GENERAL PROVISIONS IN FTP.
• TOP EXPORT PRODUCTS OF INDIA.
• TOP IMPORT PRODUCT OF INDIA.
• TOP COUNTRIES BY VALUE OF EXPORT.
• TOP COUNTRIES BY VALUE OF IMPORT.
• BALANCE OF TRADE.
• TRADE DEFICIT.

4. TRADE POLICY
Trade policy refers to the complete framework of laws ,regulations ,international
agreements, and negotiating stances adopted by government to achieve legally
binding the market access for domestic firms

5. INDIA'S TRADE IN 2015-16
• India’s merchandise exports reached a level of US$ 262.00 billion during
2015-16 registering a negative growth of 15.57 per cent as compared to a
negative growth of 1.29 per cent during the previous year.
• Trade faced setback by India’s export sector due to global slowdown,
merchandise exports recorded a compound annual growth rate (CAGR) of
8.43 per cent from 2006-07 to 2015-16.
• Cumulative value of imports for the year 2015-16 (P) was US$ 380.36 billion
as against US$ 448.03 billion during the corresponding period of the previous
year registering a negative growth of 15.11 per cent.
• The trade deficit in April-March 2015-16 was estimated at US$ 118.35 billion
which was lower than the deficit of US$ 137.70 billion during 2014-15.
• India’s share in world merchandise exports remained stagnant at 1.6 per cent
in 2015 from a level of 1.69 per cent in 2014 mainly on account of a modest
and uneven recovery in advanced economies.

6. India’s share in world commercial services exports has slightly increased
from 3.15 per cent in 2014 to 3.3 per cent in 2015

8. OVERVIEW
• Overall development of country's foreign trade.
• Economic growth and development of nation.
• Increase double percentage share of global merchandise and employment
generation.
• Commerce minister Nirmala sitharaman introduce FTP(2015-20) Merchendise
Exports from india Scheme(MEIS) and services exports from india scheme
(SEIS) to boost outward shipments.
• FTP is made product wise and location wise and tried to maximize the foreign
trade from the country.

9. EXPORT & IMPORT -GENERAL PROVISIONS IN
FOREIGN TRADE POLICY
• The interpretation of policy:- DGFT is the final authority.Any exemption from
policy or procedure also to be reffered to as DGFT.
• Freedom to export & import except to the extent of provisions in the foreign trade
policy or any other law in force.
• Every importer/exporter must comply with the provisions of the foreign trade
(Development & Regulation) Act 1992.
• No agency shall withhold consigments allowed for exports free movement of
export goods is allowed.

10. SPECIFIC PROVISIONS
• Free exports.
• All exports in freely convertable currency except in specific situations.
• Realization of exports proceed within a specified time.
• Deemed exports.

11. DEFINATION
IMPORTS :-
THE TERM IMPORT IS DERIVED FROM THE CONCEPTUAL MEANING AS TO
BRING IN E GOODS AND SERVICES AS TO BRING IN THEGOODS AND
SERVICES INTO THE PORT OF THE COUNTRY.THE BUYER OF SUCH GOODS
AND SERVICES ARE REFFERED TO AN IMPORTER

12. IMPORT
• Import trade refers to the purchase of goods from the foreign country.
• The procedure for import trade differs from country to
country,depends upon the import policy,the statutory requirments and
customs of different countries
• In almost all the countries of the world import trade is controlled by
the government.

13. TYPES OF IMPORTS
THEIR ARE TWO BASIC TYPES OF IMPORTS
 INDUSTRIAL AND CONSUMERS GOODS.
 INTERMIDEATE GOODS AND SERVICES.

14. DEFINATION
EXPORT :-
THE TERM EXPORT IS DERIVED FROM THE CONCEPTUAL MEANING AS TO
SHIP THE GOODS AND SERVICES OUT OF THE PORT OF THE COUNTRY AND
THE SELLER OF SUCH GOODS AND SERVICES IS REFFERED TO AS
EXPORTOR.

15. EXPORT
• Export trade refers to the sales of goods to the foreign country.
• The procedure for export trade diffrs from countrt to country,depends upon the
export policy,the statutory requirments and coustoms of different countries.
• In almost all the countries of world export trade is controlled by government.
• Exports recorded a positive growth of 0.15 per cent during April-October, 2016-
17 (P) over the corresponding period of US$ term.
• The merchandise exports have reached US$ 155.42 billion in April-October,
2016-17 (P)

16. TYPES OF EXPORTS
• PHYSICAL EXPORTS :- IF GOODS PHYSICALLY GO OUT OF THE
COUNTRY.
• DEEMED EXPORTS :- IF GOODS AND SERVICES ARE SUPPLIED TO
ANOTHER ANTITY.

17. TOP EXPORT PRODUCTS OF INDIA
Majour export products of india.
1. Gems, precious metals: US$43 billion (16.5% of total exports)
2. Mineral fuels including oil: $27.7 billion (10.6%)
3. Vehicles: $15 billion (5.7%)
4. Machinery including computers: $13.6 billion (5.2%)
5. Pharmaceuticals: $13 billion (5%)
6. Organic chemicals: $11.3 billion (4.3%)
7. Clothing, accessories (not knit or crochet): $9 billion (3.5%)
8. Electrical machinery, equipment: $8.2 billion (3.1%)
9. Knit or crochet clothing, accessories: $7.9 billion (3%)
10. Iron, steel: $6.4 billion (2.5%)

18. TOP IMPORT PRODUCTS OF INDIA
Majour import items of india.
1. Mineral fuels including oil: US$89.3 billion (25% of total imports)
2. Gems, precious metals: $48.1 billion (13.5%)
3. Electrical machinery, equipment: $37 billion (10.4%)
4. Machinery including computers: $32.5 billion (9.1%)
5. Organic chemicals: $14.8 billion (4.1%)
6. Plastics, plastic articles: $11.4 billion (3.2%)
7. Animal/vegetable fats, oils, waxes: $10.5 billion (2.9%)
8. Iron, steel: $8.7 billion (2.4%)
9. Optical, technical, medical apparatus: $7.2 billion (2%)
10. Ships, boats: $5.5 billion (1.5%)

19. INDIA'S TOP IMPORTED EXPORTED PRODUCTS

20. TOP COUNTRIES BY VALUE OF EXPORT

22. TOP COUNTRIES BY VALUE OF IMPORT

24. BALANCE OF TRADE
 Balance of trade represents a difference in value for the import and export of
the country.
 Trade deficit occurs when the imports are large relative to exports.
 Imports are impacted principally by a country's income and its productive
resources.
 The trade deficit in April-October, 2016-17 (P) was estimated at US$ 53.28
billion which was lower than the deficit of US$ 78.24 billion during the
corresponding period of the previous year.
 Performance of exports, import and balance of trade during 2006-07 to 2016-17
(April-October) in the table.

25. Performance of exports, import and balance of trade during 2006-07 to
2016-17 (April-October) (P) is given in the table below:

26. TRADE DEFICIT
• Trade deficit is an economic measure of international trade in which a country's
imports exceeds its exports.
• A trade deficit represents an outflow of domestic currency to foreign markets.
• Trade Deficit = Total Value of Imports – Total Value of Exports. Also called a
negative balance of trade.

27. TRADE DEFICIT OCCURS WHEN:
• A country's imports exceeds its
exports.

28. TRADE DEFICIT
THE CAUSES:-
• A country cannot produce enough to meet the needs of its population.
• The shortfall has to be met by bringing goods in from abroad.
• Domestic companies makes most of their production facilities abroad.
• Their goods are imported when sold to the home market .

29. INITIAL EFFECTS OF TRADE DEFICIT
• Initially raises the standard of living as people have more access to a wider
variety of goods.
• It reduces the threat of inflation -as products are priced competitively.
• It also an indication of weal.
LASTING EFFECTS
 Companies begain to progressively seek outsourcing opportunities.
 Local companies start going bust as domestic demand shifts to foreign made
products.
 The country with the trade deficit creates fewer jobs,while more are createdin
the nations where the imported products came from.

30. THANKYOU