Exports & Imports in India

This thread I have created to give you guys ideas about the Export-Import market in India. There are many people are taking interest in Import-Export market of India due to which I have decided to give some descriptive knowledge about the same in this thread.
In 2008, the economy of India is the 12th in the world with a gross domestic product (GDP) of 2.0% and a population corresponding to 17.7% from that of the planet, according to the International Monetary Fund (IMF). By comparison, Canada's economy ranks 11th place, while Mexico is in 13th place. In 2007, the importance of sectors as a percentage of GDP is as follows:

• services (54.1%);
• production of goods, construction and utilities (27.7%);
• agriculture (18.2%).

Economic growth eased to the end of 2008, including the decline in consumption. The global economic slowdown has generated a surplus of stock, which has contributed to the decline in industrial production in the first quarter of 2009. However, growth has rebounded in the first two quarters of 2009, mainly due to the rapid fall in imports. The growth in consumption and investment remains subdued despite government measures (massive rise in public sector wages, lower tax rate on value added [VAT] and services tax applicable to the administration Central). Thus, economic growth was 6.1% in 2008 and is forecast the same growth in 2009.

Fiscal policy remained expansionary. The budget deficit should widen further in 2009, including the nature of government measures to revive the economy (massive rise in public sector wages). Fiscal year 2009-2010 will also deficient. In 2010, the Organization for Economic Cooperation and Development (OECD) estimates that the general government budget balance is forecast at -9.0%. By the end of 2008, monetary policy was relaxed (decreased by 425 basis points decline in the reserve ratio obligatory 9 5%), and until April 2009. However, during 2009, rates on government bonds rose in the long term, driven by higher bonds and the escalation of inflation.
Resurgent inflationary pressures in India: On the one hand, insufficient monsoon rains have caused a decline in agricultural production, which has pushed up food prices, causing inflation in consumer prices. On the other hand, in the second half of 2009, the rise in international prices of commodities has contributed to higher wholesale prices, and this, because producers of intermediate goods and final will transfer the rising cost of inputs to consumers and potentially increase their margins.

Economic activity should accelerate in the coming years. The OECD expects GDP growth of 7.3% in 2010 and 7.6% in 2011. The share of agriculture continues to decline, representing 17% of GDP, compared to 22% in 2002. Industrial production is firming, with rising business confidence, bewitching a resumption of manufacturing. Moreover, the persistence of high fiscal deficits lead to higher funding costs, which impacts on investment. Consequently, economic activity will be hampered in part by investment and growth should remain slightly below the level before the crisis (9.1% in 2007). However, precipitated a global recovery could greatly boost exports and business investment. India has accumulated over several years of budget deficits. The global economic crisis has not improved the situation, since fiscal policy had to include flexibility measures to help liquidity. In addition, the 2008-2009 budget has allocated a massive increase in public sector wages. And the pre-election interim budget included cuts tax (VAT) and service tax applicable to the central government. The fiscal deficit of central and local governments is expected to widen in 2009. However, economic recovery should help improve some of the budgetary situation in 2010 and 2011.

EXPORTS :

From 2005 to 2009, exports of goods from Quebec City to India are a continuum, with the exception back in 2009. In 2009, their value is $ 323, $ 9 million, a decrease of 24.2% over the previous year. This decrease is mainly due to the sharp decline in exports of newsprint ($ -114.4 million), which had risen sharply ($ 130.2 million) in 2008. The value recorded in 2009 is 15, 1% of that of total Canadian exports to India. The annual growth rate of exports during the period (2005-2009) was 13, 5%. India ranks 16th among international clients Quebec representing 0.6% of our total exports. The dominant products of Quebec's exports destined for India in 2009 are:

• airplanes and helicopters (19, 2% of total)
• asbestos (16.7%);
• semis (semi-finished products) in iron and steel (10, 6%);
• Newsprint (9, 9%);
• Flight Simulators (4, 2%).

The value of top ten exports amounted to 83, 8% of the total exports to India in 2009. The technological content of Quebec exports to India in 2008 as follows:

• The high-technology products (42, 4%);
• products of medium-low technology (23, 3%);
• products of medium-high technology (18, 9%);
• low technology products (15, 3%).

The high-tech products dominate, with the exception of 2005 and 2008 which are low-tech products dominate the exports to India during the period 2005 to 2009.

IMPORTS:

During the 2005-2009 period, imports of goods cleared in Quebec from India grew, with the exception of the years 2007 and 2009. Thus, imports reached their peak in 2006 (463.2 million). In 2009, imports totaled $ 386.8 million, a decrease of 3.2% over the previous year. During the period 2005 - 2009, the annual growth rate of imports of goods cleared in Quebec from India is negative (-3.2%). Moreover, the value recorded in 2009 represents 19.3% of the total Canadian imports from that country. India ranks 29th among international suppliers of Quebec, representing 0.6% of total imports in 2009. The dominant products of imports of goods cleared in Quebec from India in 2008 are:

• T-shirts, singlets and cotton (5.5% of total)
• lingerie home cotton (5.5%);
• valves, valves and valves (4.3%);
• knitted cotton (3.4%);
• Heterocyclic compounds with nitrogen hetero (3.0%).

In 2009, the value of the top ten products represent 34.4% of the total imports of goods cleared in Quebec from India. The technological content of imports of goods cleared in Quebec, from India is as follows:

• low technology products (57.9%);
• products of medium-high (18.9%);
• products of medium-low technology (14.1%);
• the high-technology products (9.1%).

Low-technology products were the largest imports of goods cleared in Quebec from India during 2005-2009.