India is one of the fastest growing economies in the world with growth rates reaching 9% in recent years. India is being targeted by investors for major growth in a number of areas including life sciences, infrastructure, energy and manufacturing. It is predicted to be the world’s third largest economy and largest middle class consumer market by 2030. Exports from India have grown at a rapid rate, climbing from $179 billion in 2010 to $310 billion a year. Over the same period the export to GDP ratio increased from 13.3% to 15.6%, demonstrating the importance of exports to the growing economy. The foreign trade policy of the national government is looking to build on this success, aiming to increase exports to $900 billion 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, Hindi||Telephone Dial In||91|
% Partner Share
United Arab Emirates
Hong Kong, China
Petroleum oils, etc, (excl. crude); preparation
Diamonds non-industrial nes excluding mounted o
Other medicaments of mixed or unmixed products,
Art. of jewellery and pts thereof of/o prec mtl
Semi-milled or wholly milled rice
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
Stock finance is a revolving facility which alternative lenders offer – it enables organisations to buy stock and can help ease the pressure from cash management. Typically, an alternative financier will fund most of the cost of the stock, including charges (e.g. insurance costs). Trade finance offers advantages over more traditional bank funding for example invoice finance or business loans. Trade finance provides quick funding without affecting existing relationships with banks.
If you’re a company importing or exporting inventory outside of your own country, then a trade finance facility would allow you to fund this through offering a LC (letter of credit) or some form of cash advance.
If you’re looking to import from India, contact our local experts in trade finance to see how we can help you grow your business in other markets. If you are looking to import stock from other countries, you may need import finance, which is an agreement between yourself (the importer) and the foreign exporter. A non-bank lender will act as the intermediary, paying the foreign exporter on your behalf until you receive the goods and have then sold them to your customer. Repaying the financier then occurs over an agreed period. Read the TFG Importers Guide here.
Importing from India? Contact our local experts
India Economic Statistics
Reserve Bank of India
Lower Middle Income
Currency in India