Exporting to India

India Export Guide | Trade Finance Global

Exporting to india

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.

India Country Profile

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

India Imports Profile

Imports ($m USD)

444,052

Number of Import Products

4,317

Number of Import Partners

213

Top 5 import partners

Country

trade

% Partner Share

China

71,923

16.20

United States

24,086

5.42

United Arab Emirates

23,115

5.21

Saudi Arabia

21,087

4.75

Switzerland

20,405

4.60

Top 5 Import Products at HS 6 digit level

Export Product

Number

Petroleum oils and oils obtained from bituminou

18.5%

Gold in unwrought forms non-monetary

8.1%

Diamonds non-industrial unworked or simply sawn

6.1%

Other coal, not agglomerated, nes

4.5%

Parts of electrical apparatus for line telephon

2.9%

Chart Showing GDP Growth Compared to rest of world

GDP Composition for India

Agriculture

%

Product List

16.5%

Rice, wheat, oilseed, cotton, jute, tea, sugarcane, lentils, onions, potatoes; dairy products, sheep, goats, poultry; fish

Industry

%

Industry List

29.8%

Textiles, chemicals, food processing, steel, transportation equipment, cement, mining, petroleum, machinery, software, pharmaceuticals

Services

%

Services List

45.4%

Exporting to India: What is trade finance?

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.

Information

India_Map

Exporting to India? Contact our local experts

India_Flag

India Economic Statistics

Government Website

https://www.india.gov.in/

Sovereign Ratings

https://countryeconomy. com/ratings/india

Central Bank

Reserve Bank of India

Currency USD Exchange Rate

68.3

Unemployment Rate

2.7%

Population below poverty line

NA

Inflation Rate

1.9%

Prime Lending Rate

5.4%

GDP

$2,251 billion

GDP Pro Capita (PPP)

$6,700

Currency Name

Indian Rupee

Currency Code

INR

World Bank Classification

Lower Middle Income

Competitive Industrial Performance

39/138

Corruption Perceptions Index

81/180

Ease of Doing Business

77/190

Enabling Trade Index

102/136

Currency in India

About the Author

0

Sheena Magdaraog is responsible for the TFG Weekly Trade Briefings and content at Trade Finance Global.

With an extensive background in WordPress CMS and Digital Marketing, she loves the digitalization of trade and is fascinated about its impact on day to day transactions.

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