Imports to India have grown at a rate of about 7% in recent years with the major import being crude petroleum at 32%. Gold is the next highest commodity at about 9% while coal and refined petroleum, at about 3%, are also significant imports.
Growth in India is expected to come from the world leading biotech industry, growing at 37% annually, the fastest growing telecom market in the world and an ambitious infrastructure building project. India is also expected to be the world’s largest vehicle manufacturer by 2020.
|Official Name (Local Language)||Bharatiya Ganarajya||Capital||New Delhi||Population||1,266,883,598||Currency||Indian Rupee||GDP||$2,251 billion||Languages||English||Telephone Dial In||91|
% Partner Share
United Arab Emirates
Petroleum oils and oils obtained from bituminou
Gold in unwrought forms non-monetary
Diamonds non-industrial unworked or simply sawn
Other coal, not agglomerated, nes
Parts of electrical apparatus for line telephon
Rice, wheat, oilseed, cotton, jute, tea, sugarcane, lentils, onions, potatoes; dairy products, sheep, goats, poultry; fish
Textiles, chemicals, food processing, steel, transportation equipment, cement, mining, petroleum, machinery, software, pharmaceuticals
Export finance is a revolving facility which alternative financiers offer – it enables firms to purchase products and can help reduce the pressure from cash flow issues.
Typically, an export finance bank will fund most of the cost of the receivables, including charges (e.g. VAT charges).
Trade finance offers benefits over more traditional bank finance like asset finance or business loans. Trade finance provides up-front funding without affecting existing bank relationships.
Exporting to India? Contact our local experts
India Economic Statistics
Reserve Bank of India
Lower Middle Income
Currency in India