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Recent Trends in India's Foreign Trade

The document summarizes recent trends in India's foreign trade. It notes that India's foreign trade policy is announced every five years and aims to double India's share of global trade by 2020. In the first quarter of 2012-13, India's exports declined by 1.7% while imports declined by 6.1%, leading to a lower trade deficit. The top export commodities are manufactured goods, minerals, and agricultural products, while the top imports are petroleum, capital goods, and precious stones.

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Vivek Mishra
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3K views28 pages

Recent Trends in India's Foreign Trade

The document summarizes recent trends in India's foreign trade. It notes that India's foreign trade policy is announced every five years and aims to double India's share of global trade by 2020. In the first quarter of 2012-13, India's exports declined by 1.7% while imports declined by 6.1%, leading to a lower trade deficit. The top export commodities are manufactured goods, minerals, and agricultural products, while the top imports are petroleum, capital goods, and precious stones.

Uploaded by

Vivek Mishra
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PPT, PDF, TXT or read online on Scribd
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Recent Trends in Indias

Foreign Trade
Presented By:
Indransh Gupta
Kunal Modi
What is Foreign Trade Policy?
Union Commerce Ministry, GoI announces integrated FTP every
five year also called EXIM policy.
policy updated every year with some modifications & new
schemes.
FTP which was announced on August 28, 2009 is an integrated
policy for the period 2009-14.
Foreign Trade Policy 2009-14
Short Term Objectives:
arrest and reverse the declining trend of exports.
provide support to those sectors which have been hit badly by
recession.

Medium term Policy Objectives :
achieve an Annual Export growth of 15% by March 2013.
achieve Annual Export growth of around 25% by 2014.

Long Term Objective :
doubling Indias share in Global Trade by 2020.
Targets

Export Target : $ 350 Billion for 2012-13


Export Growth Target: 15 % for next two year and
25 % thereafter.

Import/Export Controls

IMPORTS:
Around 5% Tariff Lines are under Import Controls.
11600 Tariff Lines are free for import.
Restrictions removed over the next 10 years, removing almost all the
Quantitative Restrictions.
Presently:
Prohibited items - 53 Lines
Restricted items - 485 Lines
State Trading Items - 33 Lines.

Import/Export Controls
EXPORTS:
Controls primarily on account of security, public health, morals,
exhaustible resources and environment grounds.
Prohibited items - 59
Restricted items - 155
State Trading Items - 12
Restrictions fall under two Categories:-
Special provision for these items under Weapons of Mass Destruction
Act, 2005.
Export Facilitation Committee looks into applications for license for
these items.
{Special chemical ,organisms, materials, equip. & tech.}
Highlights
Q1 of 2012-13, exports stood at US$ 75.2 bn and showed a
decline of 1.7 per cent as against an increase of 36.4 per cent
during Q1 of 2011-12.
Q1 of 2012-13, imports declined by 6.1 percent over the
corresponding quarter of 2011-12 and stood at US$ 115.3
billion.
Lower growth in POL imports at 5.5 percent during Q1 of
2012-13 as compared with 52.5 percent during Q1 of 2011-12.
Highlights
Imports of gold and silver, US$ 9.4 bn during Q1 of 2012-13
were 48.4 per cent lower than that in Q1 of 2011-12.
Non-oil non-gold imports during Q1 of 2012-13 at US$ 65.3
bn recorded a decline of 2.9 per cent as compared to an
increase of 18.9 per cent in Q1 of preceding year.
Trade deficit during Q1 of 2012-13 stood lower at US$ 40.1
bn as compared with US$ 46.2 bn during Q1 of 2011-12.
Indias Foreign Trade
growth is uncertain in coming months, given the worsening global
macroeconomic outlook and high interest rate in the domestic market.
During April-Sept 2011, India's imports expanded by 32.4% to $ 233.5
billion. The trade deficit during the April-Sept 2011 period stood at $ 73.5
billion. Increasing Trade Deficit further depreciates Rupee.
depreciation of rupee will also push up cost of imports leading to wider
trade deficit in coming times.
Export/Import Share of India as (%)
of GDP
Exports of Principal Commodities
Imports of Principal Commodities
India's Exports to Principal Regions
India's Imports from Principal Regions
Indias Foreign Trade
Last 10 Years Indias Export/Import
Performance
Composition Of Indias Foreign Trade
Composition of Exports

Agricultural and Allied Products
15% share in exports
Top items of agricultural exports include:
- Fish Products
- Rice
- Oil Cakes
- Fruits and Vegetables
Ores and Minerals
12.3% share in exports.

Manufactured Goods
61.3% share in exports.
- Include: Engineering Goods
Gems and Jewellery
Chemical and Allied Products
Readymade Garments

Minerals Fuels and Lubricants
18.3% share in exports
There has been improvement in the exports of mineral
fuels and lubricant both in terms of value and in terms
of %.
Composition of Imports
Petroleum Products
31.7% share in Imports.
Capital Goods
20.3% share in Imports.
Pearls and Precious Stones
6.2% share in Imports.
Iron and Steel
2.4% share of Imports.
Fertilizers
2.4% share of Imports.
Conclusion
Composition of Indias Foreign Trade has undergone a
positive change. It is a remarkable achievement that
India has transformed itself from a predominantly
primary goods exporting country into non primary
goods exporting country. Under Imports also Indias
dependence on food grains and capital goods has
declined.

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