Summer Training Project

Analysis of import and export data of the

industries and companies

Project Guide: Submitted by;

………………… ………………..
Business Development Executive PGDM
Teacher name. m.d university
 2

TABLE OF CONTENTS
1. Executive Summary..........................................................3
2. India’s Foreign Trade an Overview................................5
3. Structure of Indian Industry...........................................8
a) Tea and Coffee...................................................................10
b) Sugar...................................................................................12
c) Tobacco..............................................................................15
d) Beverage.............................................................................16
e) Leather................................................................................18
f) Gems & Jewellery..............................................................20
g) Cement................................................................................22
h) Textile.................................................................................24
i) Iron & Steel........................................................................26
j) Aluminum & Copper..........................................................27
k) Machinery...........................................................................28
l) Plastic.................................................................................29
m) Organic and In-Organic Chemical......................................31
n) Fertilizer.............................................................................32
o) Pharmaceutical...................................................................33
p) Cosmetic.............................................................................34
q) Electronic Goods................................................................35
4. Findings.............................................................................39
5. Bibliography......................................................................43
6. Annexure...........................................................................44

a) Table 1: Export of India Country-wise for the year 2003-04 and

2004-05
b) Table 2: Export of India Country-wise for the year 2005-06 and
2006-07 up to September
c) Table 3: Import of India Country-wise for the year 2003-04 and
2004-05
d) Table 4: Import of India Country-wise for the year 2005-06 and
2006-07 up to September
 3

EXECUTIVE SUMMARY

For decades after independence in 1947, India embarked on a program of autarky

(national economic self-sufficiency) which included import substitution policies. By
1991, however, a sluggish economy combined with the forces of globalization led to a
more open Indian economy. There was simultaneously a gradual rise in exports,
imports, foreign direct investment (FDI), and overall economic growth. In the 1990s,
exports of goods and services rose from 6.2 percent to 8.2 percent of total output. By
the end of the decade, however, growth in exports began to level off due to reduced
international demand, especially with India's main economic partners, the United
States and the European Union (EU). Indian exports were further hit by serious
competition from east Asian countries, which had recently experienced depreciated
domestic currencies, which led to a decline in global prices for their manufactured
goods. As a result, exports of Indian textiles, chemicals, machinery, electronic goods,
and automotive parts all began to decline.

As compared to a couple of decades earlier, however, the size of India's foreign trade
has noticeably expanded, both in absolute terms and relative to the country's GDP.
Exports have again picked up since 1999, when they showed a 13 percent growth.
Imports have also ballooned, showing an average of 20 percent growth per year
during 1992-2000. Total exports in 2001 are expected to be near US$46 billion and
total imports at US$51 billion. Petroleum constitutes the largest import item at more
than US$6 billion and accounts for 14 percent of total imports in 1999. Petroleum
imports may be as high as US$17 billion in 2001. Gems and jewelry constitute the
single largest export item, accounting for 16 percent of exports and earning about
US$4.5 billion in 1999. The top 3 export destinations of Indian goods were the United
States, Britain, and Germany, which together constituted one-third of total Indian
exports in 1999. In turn, the top 3 import sources were the United States, Britain, and
Belgium, together constituting 21 percent of total imported items.

Indian economy grew in 2006/07 at a pace that was stronger than most had expected.
The surge (of 20 per cent plus) in merchandise imports has continued into its fifth
year. Although merchandise exports have also grown at a similar pace, given that
imports are considerably larger than exports, the merchandise trade deficit has
continued to expand. In 2005/06 the merchandise trade deficit rose to (US) $46
billion, compared to $14 billion a couple of years ago (2003/04).

It is estimated that in 2006/07, merchandise exports will increase to $126 billion and
imports to $186 billion, thereby leaving merchandise trade deficit of $60 billion.
These estimates are compatible with the data releases of the Director General of
Commercial Intelligence & Statistics (DGCI&S).
 4

Export

Industry-wise data for April-December 2006 revealed that exports of primary

products and manufactured products recorded a moderation in growth, while,
petroleum products maintained the growth momentum. Engineering goods, which
accounted for 34.9 per cent of manufactured exports, continued to remain as the
growth driver of exports.

The moderation in the exports of primary products during April-December 2006 was
due to the decline in the exports of iron ore and cashew and also the deceleration in
wheat, rice and marine products. At the same time, exports of traditional agricultural
products such as sugar, raw cotton, tea, coffee, tobacco, spices and oil meal registered
strong growth.

In the manufactured exports, with the exception of engineering goods, all the other
major items (chemicals, gems and jewellery and textiles) showed a moderation in
export growth. Engineering goods recorded a growth of 38.0 per cent during April-
December 2006 (33.4 per cent a year ago) mainly due to the strong export
performance of machinery and instruments, and iron and steel. These two items
together contributed to 46 per cent of the growth in the exports of engineering goods.
The US, the UAE, Germany and Italy were the major markets for these products.

Gems and jeweler exports recorded a marginal growth (0.4 per cent) during April-
December 2006 as against 19.7 per cent registered a year ago. Exports of chemicals
and related products showed a deceleration in growth during April-December 2006.

Import

India’s merchandise imports posted a growth of 27.8 per cent during April-February
2006-07 (32.7 per cent a year ago) with the imports of petroleum, oil and lubricants
(POL) showing some moderation, while non-oil imports maintained the growth
momentum.

Industry-wise analysis shows that the imports of capital goods during April-December
2006 at 36.2 per cent showed a moderation in growth (41.0 per cent in the
corresponding period a year ago). However, within the capital goods, electrical
machinery and electronic goods maintained high growth. Exports of ‘mainly export
related items’ showed a decline during April-December 2006 with imports of
chemicals, and textile yarn showing a deceleration in growth and pearls, precious and
semi-precious stones and cashew nuts registering a decline.

Source-wise, China was the major source of imports during April-December 2006,
accounting for 9.4 per cent of total imports, followed by Saudi Arabia (7.6 per cent),
the US (5.7 per cent), UAE (4.8 per cent) and Iran (4.2 per cent). Region-wise imports
from OPEC countries showed marked rise during April-December 2006, mainly
reflecting imports of POL (for the previous year, country-wise break up of oil imports
was not furnished by DGCI&S).
 5

India’s Foreign Trade an Overview

Whole world has recognized India as super power of 21st century. India is youngest
county in the world growing a rate of more than 8 percent. Large population of India
provides market to the countries of the world. At the same time it provides
opportunities to India in terms of extracting the potentials of its manpower and other
resources to emerge as real super power. India's foreign trade should also reflect her
potentials to emerge as a super power

A merchandise export of India is continuously growing as the figure 1.1 shows a

(CAGR) of 26% in FY2006 from FY2002 and same the merchandise import also has
shown the (CAGR) of 29%. In the FY2002 the merchandise export of India was US $
44 billion and in the FY2006 it is US $ 142 billion, and merchandise import has
shown an increase of US $ 91 billion from the FY2002 to FY2006.India’s total trade
turnover has also increase by US $ 50 billion.1

Figure 1.1

1
Exim Bank of India, www.eximbank.com
 6

Export
Major part of India’s export goes to USA followed by United Arab Emirate and China
as shown in figure 1.2. In the FY2006 India export to USA of US $ 17,353.06 Million
and having a share of 17% of total India’s export (table a) and China with 8.3% share
at the second place.2

Export:Country-wise

JAPAN
ITALY
BELGIUM
GERMANY
Country

UK
HONG KONG
2005-06
SINGAPORE
CHINA 2004-05
U ARAB
USA
0 2 4 6 8 10 12 14 16 18

%Share
Figure1.2 Chart shows the major exporting countries of India3

Country 2004-05 2005-06

%Share %share
USA 16.4788 16.8328

U ARAB EMTS 8.7961 8.3342

CHINA 6.7227 5.2626

SINGAPORE 4.7891 6.5565

HONG KONG 4.4194 4.9076

UK 4.4066 4.3373

GERMANY 3.3833 3.4786

BELGIUM 3.0043 2.4435

ITALY 2.7365 2.7852

JAPAN 2.5473 1.4811

Table a: Table shows the share of countries in India’s total export

2
Director General of Foreign Trade, www.dgft.delhi.nic
3
DGCI&S, Kolkatta
 7

Import
USA is the biggest importer for India, UAE and Germany are at second and third
place respectively. In Figure 1.3 Import from USA was US $ 9,454 million in
FY2006.4

Import: C ountry-w ise

30,000

25,000

20,000

US $ Million15,000
2004-05
10,000 2005-06

5,000

0
U N SP E C IF IE D C HIN A U S A S W IT Z E R LA N D U A E B E LG IU M T rad e to G E R M A N YA U ST R A LIA U K
U nsp ec if ied
C o untries

Country
Figure 1.3 Chart showing the major import of India

USA holds the major share in India’s total import i.e. 6.5%.as shown in figure 1.4.

Import: Country-wise

25

20

15
%Sha re
2004-05
10
2005-06

0
U NSPE C IF IE D C HIN A U S A SW IT ZE R LA ND U A E B E LG IU M T rade to G E R M A NY A U ST R A LIA U K
U nspecified
C o untries

Country
Figure 1.4 Chart showing the share of countries in Indian import

4
www.dgft.delhi.nic.in
 8

Structure of Indian Industry

Indian industry is classified as per the Ministry of Commerce, GOI in the

HS (Harmonized system) code with 17 section and 99 chapters and Indian
commodities are classified as Principal Commodities.5
Table 1: Principal Commodities of India are:
Export Import
PLANTATION BULK IMPORTS
Tea Cereals & Preparations
Coffee Rice
AGRI & ALLIED PRODUCTS Wheat
Cereal Other cereals
Rice Preparations
Wheat Fertilizers
Others Crude
Pulses Sulphur & Un-roasted pyrites
Tobacco Manufactured
Unmanufactured Edible Oil
Manufactured Sugar
Spices Pulp & waste paper
Nuts & Seeds Paper board & mfrs
Cashew inclusive CSNL Newsprint
Sesame & Niger seed Crude rubber
Ground nut Non-ferrous metals
Oil Meals Metalliferrous ores & products
Guergum Meal Iron & Steel
Castor Oil Petroleum crude & products
PEARLS, PRECIOUS & SEMI-PRECIOUS
Shellac
STONES
Sugar & Molasses MACHINERY
Processed Foods Machine Tools
Fresh Fruits & Vegetables Machinery other than electrical
Fruits/Vegetable seeds Electrical machinery
Processed & misc. processed items Transport equipment
Meat & Preparations PROJECT GOODS
Poultry & Dairy Products OTHERS
Floriculture Products Cashew Nuts
Spirit & Beverages Fruits & Nuts
MARINE PRODUCTS Wool raw
ORES & MINERALS Silk raw
Iron ore Synthetic .®.fibers
Mica Pulses
Processed Minerals Raw Hides & Skins
Other ores & minerals Leather
Coal Coal,coke&briquettes
LEATHER & MNFRS Non-metallic minerals, manufacture .
Footwear Other crude minerals
Leather & mfrs Organic Inorganic chemicals.
GEMS & JEWELER Dyeing, tanning material.
SPORTS GOODS Medicinal & Pharma products.
CHEMICALS & RELATED PRODUCTS Artf.resins, etc.
5
A book on Indian Trade and Industry Classification by Kumar & Garg
 9

Basic chemicals, Pharma & cosmetics Chemical products

Plastics & Linoleum Other Textile yarn, fabrics, etc
Rubber, glass & other products Manufactures of metals
Residual chemicals allied products Profile. instruments, etc.
ENGINEERING GOODS Electronic goods
Machinery Wood and wood products
Machine tools Gold & Silver
Machinery & Instruments Tea
Transport equipments Woolen Yarn and Fabrics
Iron & Steel Cotton yarn and fabrics
Iron & Steel Bar rod etc Man made f'mnt spun yarn
Primary & semi-finished iron & steel Made up textile articles
Other Engineering Items Ready made garments (wov.)
Ferro Alloys Silk yarn and fabrics
Aluminum other than products Milk & Cream
Non ferrous metals Spices
Manufacture of metals Oil seeds
Residual Engineering items Jute raw
ELECTRONIC GOODS Woolen & Cotton rags
Electronics Veg. & animal fats
Computer Software in physical form Cotton raw and waste
PROJECT GOODS Essential oils & Casper
TEXTILES Cement
Readymade garments Computer Soft. physical form
Cotton, yarn, fabrics, made-ups etc Other Commodities
Manmade textiles & made-ups etc
Natural Silk textiles
Wool & woolen mfrs
Coir & coir mfrs
Jute mfrs
HANDICRAFTS
CARPETS
Hand-made excl silk
Mill-made excl silk
Silk carpets
COTTON RAW INCL WASTE
PETROLEUM PRODUCTS
UNCLASSIFIED EXPORTS
 10

Tea and Coffee Industry in India

The tea industry has an important and special place in the Indian economy. Tea is the
country's primary beverage, with almost 85% of total households in the country
consuming tea. India is the world's largest producer and consumer of tea, with India
accounting for 27% of the world tea production. India's expenditure on beverages and
processed foods accounts for 8% of food expenditure in rural areas, and 15% in urban
areas. India is also an important tea exporter, accounting for around 12-13% of world
tea exports. Further, certain varieties of tea (for example Darjeeling) are grown only
in India and are in great demand across the world. All Darjeeling teas possess the
lightness of flavors and fine coloring that set them apart from all other teas.

India's tea industry exports were estimated at US $ 905.11 million during FY2006,
accounting for 0.4% of India’s exports. In value terms, tea ranks as the fourth-largest
agricultural product export item from India, with exports of around US$410 million in
2004. In terms of employment, the tea industry employs around 1.27 million people at
tea plantations and 2 million people indirectly, of which 50% are women. The last fact
is particularly important when we consider that tea industry, to a large extent, drives
the economies of the regions where the tea gardens are concentrated, for example
Assam.

Tea is the prime beverage consumed in India, and private final consumption
expenditure (PFCE) on tea, coffee and cocoa aggregated Rs. 134.96 billion in
FY2005, accounting for around 2% of India's PFCE on food, and 0.7% of India's
PFCE. The latest available data indicates that tea accounts for 90.6% for India's
consumption of stimulants (tea, coffee, and cocoa beans), followed by coffee (7.7%),
and cocoa beans (1.7%).

Year Value in US $ Million Volume Qty in thousands

2003-04 716.32 566,660.19

2004-05 828.89 638,823.25

2005-06 905.11 628,617.75

2006 up to 591.74 383,254.63

Sep.
Table 2: Showing the Export of Tea and Coffee Industry from India in past years
 11

Value of Tea and Coffee

1,400
1,200
1,000
800
Value in US $ Million
600
400
200
0
2003 2004 2005 2006 2007 2008 2009
upto
Sep.

Year

Figure 1.6 Showing the India’s export of Tea and Coffee in value
Above chart showing the continuous increase in export of tea and coffee in value from
India in last three years and forecasting is also reflecting the same. And figure 1.6
shows the export in volume.

Volume of Tea and Coffee

800,000
700,000
600,000
500,000
Qty in Thousands 400,000
300,000
200,000
100,000
0
2003 2004 2005 2006 2007 2008 2009
upto
Sep.

Year
Figure 1.7 Showing the India’s export of Tea and Coffee in Volume
In spite of accounting for around 27% of world's tea production, India accounts for
only 12% of world's tea exports. India's international competitiveness in tea exports
has been on a decline. From being a pre-eminent supplier of the world's tea, India has
lost ground in virtually every export market. In the early 1980s, Indian tea exports
accounted for around 40% of the domestic production. By the end of 1980s, the share
of the tea exports fell to 30%. The decline continued till 1994 when exports accounted
for only 20% of the domestic production of tea. Thereafter, the proportion of exports
improved to around 24% of the domestic production during 2003.

In recent years, the tea industry has accounted for a declining share of gross bank
credit (GBC) of scheduled commercial banks (SCBs). With GBC of Rs. 13.55 billion
in March 2005, the tea industry accounted for 0.37% of industry GBC of SCBs in
March 2005, as compared with 1.08% in March 1995.
 12

Sugar Industry in India

Sugar is a prime requirement of the diet in every household in India, accounting for
around 5.5% of India’s private final consumption expenditure (PFCE) on food, and
2% of India’s PFCE. In terms of PFCE, the share of sugar and gur (solidified cane
juice) in total food expenditure remained at around 6-7% during the 1980s and 1990s.
The share declined sharply during FY2004 because of significant decline in sugar
prices.

With an estimated production of 18.6 mt in sugar year or (Sugar Year) SY2006 (sugar
year is from October-September), India is the second largest sugar producer in the
world (after Brazil), accounting for around 10-12% of world’s sugar production.
Sugar is India’s second largest agro-processing industry.

In recent years, the sugar sector has accounted for a declining share of gross bank
credit (GBC) of scheduled commercial banks (SCBs), largely because of decline in
credit during FY2005. With GBC of Rs. 60.30 billion in March 2005, the sugar
industry accounted for 1.65% of industry GBC of SCBs in March 2005, as compared
with 1.91% in March 2000.

India’s sugarcane and sugar production is expected to increase in SY2006 because of

a 10.3% increase in acreage under sugarcane—from 3.8 million ha in 2004 to 4.1
million ha in 2005. UP accounts for more than 50% of the sugarcane average, 47% of
sugarcane production, and 40% of sugar production. Thus, India’s sugar production
declined in SY2002, SY2004, and SY2005 because of deficient monsoon conditions
in East and West UP, and a decline in area under sugarcane in these regions.

India’s total consumption of sugar has increased steadily despite fluctuations in

production. Sugar consumption during SY2005 was estimated at around 19.6 mt.
Consumption has increased at a 5-year compound average growth rate (CAGR) of
4.8%. Consumption increased at a 5-year CAGR of 5.2% during 1995-2000. Sugar
consumption is expected to increase at around 4.5% during SY2006-07, because of
strong economic growth, higher population, improved domestic supplies, and
increased demand for sugar from the beverages sector.6

India was the world’s second largest producer of sugar during 2005-06. Although the
raw material cost (estimated to account for 75% of the operating cost of the sugar
manufacturers) is regulated in the Indian sugar industry, scale economies do have the
potential of affecting the operating cost structures of sugar manufacturers.

6
www.icra.in
 13

Export of Sugar

1,400,000
1,200,000
1,000,000
800,000
Qty in Thousand
600,000
400,000 Sugar
200,000
0
2003 2004 2005 2006 upto
Sep.
Year
Figure 1.8 Showing Export of Sugar in Volume

India’s sugar exports are expected to decline during FY2007 because of the July 2006
notification by the GoI to ban sugar exports till March 2007. The ban would,
however, not be applicable to sugar exports on preferential quota to the US and the
EU. Sugar exports to the US and the EU would be permitted only through the Indian
Sugar Exim Corporation Ltd.

Export of Sugar

600
500
400
Value in
300
US $ Million
200 Sugar
100
0
2003 2004 2005 2006 upto
Sep.
Year
Figure 1.8 Showing the Export of Sugar in Value
 14

Sugar

2,000,000

1,500,000

Qty in Thousand 1,000,000

500,000 Sugar

0
2003 2004 2005 2006 upto
Sep.
Year
Figure1.9 Showing the Import of sugar in Volume

India’s sugar imports declined significantly during FY2001-03 because of rising

domestic availability and increase in customs duties. However, imports increased
during FY2004 and FY2005, because of lower domestic supply. In order to augment
sugar stocks for 2004-05 and enable the Government to meet the normative 3 months
consumption requirement of the country, the Advance License (AL) Scheme was
liberalized for raw sugar import, in as much as the imported raw sugar under AL can
be now processed into white sugar, sold in the domestic market, and allowing such
importers to fulfill export obligation within 24 months period or such extended period
as allowed by exporting indigenously manufactured white sugar.7

Sugar

300
250
200
Value in
150
US $ Million
100 Sugar
50
0
2003 2004 2005 2006 upto
Sep.
Year
Figure 1.10 Showing the Import of Sugar in Value

7
DGCI&S, GOI
 15

Tobacco Industry in India

The tobacco industry estimates that globally, 33 million people are engaged in
tobacco cultivation. However, this figure includes not only farmers who rely entirely
on tobacco, but also farmers who grow other crops besides tobacco, seasonal laborers,
family members and other part-time workers. Of these 33 million, approximately 15
million are in China and 3.5 million in India.

Although tobacco is grown in more than 100 countries, just four countries (Brazil,
China, India and the United States) account for two-thirds of total global production
and only two countries, Malawi and Zimbabwe, are significantly dependent on export
earnings from tobacco.1 Out of the 141 countries that export tobacco, only 18 derive
more than one percent of their total export earnings from tobacco. In only four of
those 18 countries do tobacco exports account for more than five percent of total
export earnings. Export of tobacco from India has increase in the FY2005 and
FY2006 after the decline in the FY2004.

Tobacco

180,000
160,000
140,000
120,000
Volume in 100,000
Quantity 80,000
60,000
40,000 Tobacco
20,000
0
2003 2004 2005 2006 upto
Sep.
Year

Figure 1.11 Showing the Volume of Tobacco Exported

Tobacco

350
300
250
Value in 200
US $ Million 150
100 Tobacco
50
0
2003 2004 2005 2006 upto
Sep.
Year
Figure 1.12 Showing the value of Tobacco Exported
 16

Beverage Industry in India

Food and Beverages segment as compared to the previous year

based on the estimates made by the industry and interaction with
the concerned representatives in the industry. The industry is
estimated to have achieved higher growth of 8 per cent in 2004-05
with an estimated figure of Rs. 3584 billion. The overall industry has
achieved a growth rate of 8 % in value terms during 2004-05.

Beverage industry’s export of India is growing with the rate of 13-16% p.a. as shown
in the table b. Both in the term of volume and value it is becoming the important to
the Indian economy

Value in US $ Volume Qty in

Year
Million thousands
2003 27.22 35,092.86
2004 31.63 40,792.45
2005 58.32 83,541.51
2006 up to Sep. 30.09 38,035.38

Table b: Showing the Export of Indian Beverage Industry over the last few years

Export of Beverage from India

90,000
80,000
70,000
60,000
50,000
Qty in Thousands 40,000
30,000
20,000 Beverage
10,000
0
2003 2004 2005 2006 upto
Sep.
Year

Figure 1.13 showing the export of Indian Beverage Industry in volume

17
 18

Some sectors which have recorded Moderate and single digit growth
are – Food & Beverage (8%) , Bread (7.5%), Bread/ Organized (8%) ,
Culinary products/Snack
food(8%),Fruits and vegetables(5%) , Milk and Dairy products
(4.5%), Milk (4.5) , Milk liquid /packaged(5%), Milk Products(8%),
Milk powder including infant milk(7%), Ghee(5.5%),Cheese/
Panner(8%) , Chocolates (8%), Sugar Confectionary/Gums(4%) ,
Health Beverages/Malted Food(8%) , Tea (7%) .

Export of Beverage from India

60
50
40
Value in
30
US $ Million
20 Beverage
10
0
2003 2004 2005 2006 upto
Sep.
Year
Figure 1.14 Showing the export of Beverage Industry in value
 19

Leather Industry in India

The global leather industry is valued at about US$ 85 billion. Most of the producing
countries are developing countries, while developed markets such as the US are major
consumers of leather products China and Italy are the leading producing and
exporting nations in the world with exports worth US$ 19 billion and US$ 13 billion
respectively. India, with an output of US$ 4 billion and exports of US$ 2.4 billion, is
placed third.

India has a 2.32 per cent share in the global leather trade and ranks eighth in the world
in terms of the country’s foreign exchange earnings from the industry. The
composition of exports has also been changing, with more and more value added
products being exported. In 2004-05, for example, value added finished products
constituted around 80 per cent of the total exports from the industry. India has plans to
double its leather exports over the next 5 years. It has been estimated that India has
the capacity to meet nearly 10 per cent of global leather requirement.

The Indian leather industry comprises the following key sub-sectors - tanning and
finishing, footwear, footwear components, leather garments and leather goods and
accessories. A large part (nearly 60-65 per cent) of the production is done by the
small/cottage sector.

Leather and leather products production is centred in southern, northern and eastern
India. Key production units are located in Tamil Nadu, West Bengal, Uttar Pradesh,
Punjab, Karnataka, Andhra Pradesh, Haryana and Delhi. Tamil Nadu is the biggest
leather exporter in the country with the south accounting for 43 per cent of the
country’s share. The industry uses primarily indigenous natural resources with little
dependence on imported resources.

Export of Leather from India

1,800
1,600
1,400
1,200
Value in 1,000
US $ Million 800
600
400
200
0 Leather
2003 2004 2005 2006 2007 2008 2009
upto
Sep.
Year

Figure 1.15 Showing the Export of Leather Industry of India in Value

 20

Export of Leather from India

300,000
250,000
200,000
Qty in thousand 150,000
100,000
50,000
0 Leather
2003 2004 2005 2006 2007 2008 2009
upto
Sep.
Year

Figure 1.16 Showing the Total Export of India’s Leather Industry in volume

In the above charts we can see the export of leather industry is varying in both the
volume and value, but in the value term it is increasing in a constant manner and
volume-wise it will fluctuate in the future also.
 21

Gems and Jewellery Industry in India

The two major segments of the GJ business in India are gold jewellery and diamond
jewellery. While a predominant portion of gold jewellery manufactured in India is for
domestic consumption, a predominant portion of rough, uncut diamonds processed in
India in the form of either polished diamonds or finished diamond jewellery is
exported. Preference for gold dominates the domestic jewellery demand. The
domestic demand for gold jewellery is estimated at Rs. 390 billion in 2005,
accounting for an estimated 80% of the Indian jeweler market of Rs. 490 billion. The
balance comprises diamond jewellery (Rs. 80 billion), and other fabricated jewellery
(Rs. 20 billion).

The GJ industry has an important role in the Indian economy. While a predominant
portion of gold jeweler manufactured in India is for domestic consumption, a
predominant portion of rough, uncut diamonds processed in the form of either
polished diamonds or finished diamond jewellery is exported. With an estimated
consumption of 722 tonnes during calendar year or CY2005 (including jewellery
consumption of 587 tonnes), India is the largest consumer of gold in the world. India
is also estimated to hold nearly 14,000 tonnes of gold, accounting for nearly 9% of the
world's cumulative mine production. Apart from its historical religious significance,
gold is valued as an important savings and investment vehicle.

The bulk of the Indian GJ exports comprise import of rough diamonds, cutting and
polishing in India, and re-export. As per data released by the Gems & Jewellery
Export Promotion Council (GJEPC), cut & polished diamonds (CPDs) accounted for
71.1% of India's GJ exports of Rs. 733 billion during FY2006, followed by gold
jewellery (23.2%), rough diamonds (3.4%), and others (2.3%). Thus, two items-CPDs
and gold jewellery-account for around 95% of India's GJ exports.

With the increase in exports in recent years, the GJ industry has also accounted for an
increased share of gross bank credit (GBC) of scheduled commercial banks (SCBs).
With GBC of Rs. 198.66 billion in March 2006, the industry accounted for 3.61% of
industry GBC of SCBs in March 2006, as compared with 2.7% in March 2000.

Gems and Jewellery

2006 upto Sep.

2005
Year

2004 Gems and Jewellery

2003

0 5,000 10,000 15,000 20,000

US $ Million
Figure 1.17 Showing the export of Gems and Jewellery in value
 22

Gems and Jewellery

2006 upto Sep.

2005
Year

2004 Gems and Jewellery

2003

0 50,000 100,000 150,000 200,000

Qty in thousand

Figure 1.18 Showing the export of Gems and Jeweler in Volume

Figure 1.16 and 1.17 shows the export of Gems and Jewellery from the FY2003, in
spite of being a precious commodity its export has decline in past few years in term of
volume but value is increasing in the same manner as volume is decreasing. This
decrease in volume is of in these years diamond is exported maximum as compared
with other stones and gold, and diamond is much costly than other stones and gold.

Future growth in gold jewellery business is likely to driven by increased exports to

US and other markets, and domestic consumption. Although domestic consumption
has increased in 2003-05, consumption per capita is still very low, reflecting the high
proportion of the rural population and the social infrastructure of the country (the
rural population accounts for approximately 65-70% of domestic gold demand).

Although exports of gold jewellery have increased from Rs. 52.20 billion during
FY2001 to Rs. 170.15 billion during FY2006, the export business has been
constrained by an inability to compete in global markets on basis of price and superior
design capabilities.
 23

Cement Industry in India

The cement industry has witnessed substantial reorganization of capacities during the
last couple of years. Some examples of the consolidation witnessed during the recent
past include: Gujarat Ambuja taking a stake of 14% in ACC; Gujarat Ambuja taking
over DLF Cements and Modi Cement; India Cement taking over Raasi Cement and
Sri Vishnu Cement; Grasim's acquisition of the cement business of L&T; Indian
Rayon's cement division merging with Grasim; Grasim taking over Sri Dig Vijay
Cements; L&T taking over Narmada Cements; ACC taking over IDCOL.

Cement has been one of the most important areas of operations for the Indian private
sector. Unlike much of heavy industry and utilities, cement was not deemed to be the
exclusive preserve of the State sector in the post-independence development strategy.
Cement was also the industry of choice of many corporate diversifying away from the
troubled traditional areas of jute and textiles.

Over the years, the share of the public sector in cement production has declined.
While the private sector (large companies) accounts for around 95% of the total
installed capacity, the share of public sector companies has declined from a level of
11% in FY1996 to around 4.4% in FY2006. The share in production of the public
sector companies is even lower at 1.2% in FY2006 as compared to 6.5% in FY1996.

The cement industry accounts for approximately 1.3% of GDP and employs over 0.14
million people. It is a significant contributor to the revenue collected by both the
central and state governments through excise and sales taxes. For example, central
excise collections from cement industry aggregated Rs. 45.23 billion in FY2005 and
accounted for 4.3% of total excise revenue collected by the government. Cement has
consistently figured among the top 5-7 commodities. It is a heavily taxed commodity
and the duties amount to around 30% of the selling price of cement.

India is the second largest producer of cement in the world. In 2005, India produced
142 mt of cement, accounting for 6.4% of global production of 2.22 billion tonnes.
India is the second largest producer-behind China (1,000 mt), but ahead of the US (99
mt) and Japan (66 mt). India's cement industry-both installed capacity and actual
production-has grown significantly over the past three decades, with production
increasing at an average rate of 8.1% per year between 1981 and 2004-05.

In recent years, the cement sector has accounted for a declining share of gross bank
credit (GBC) of scheduled commercial banks (SCBs), largely because of decline in
credit during FY2004. With GBC of Rs. 61.12 billion in March 2005, the cement
industry accounted for 1.67% of industry GBC of SCBs in March 2005, as compared
with 1.81% in March 2000.

The Indian cement industry exported around 6 mt of cement during FY2006,

accounting for around 4% of the total production. There has been a significant year on
year variation in the export trend, implying that Companies rely on cement exports to
balance out the domestic demand supply situation.
 24

Because of increased overseas demand, cement exports increased from 4.07 mt in

FY2005 to 6.01 mt during FY2006. However, increased domestic demand resulted in
clinker exports declining from 5.99 mt to 3.18 mt.
Figure 1.19 showing the export of Cement

As cement is a low value, high bulk commodity, freight cost becomes a significant
factor in determining the landed cost of cement. This has resulted in a very low
volume of international trade in cement. World cement trade has averaged just around
6-7% of the total production.

Although, world trade in cement is limited because of high freight costs, there are
countries, which either import a significant share of their total consumption or export
a major share of their total production. Countries, which import a significant share of
their consumption, appear to be falling in the developing world category, where the
public expenditure on infrastructure projects is very high. The Middle East countries
(although not falling in the developing world category) have huge requirements of
cement because of construction work in projects in the oil sector. Also in these
countries, unfavorable conditions (for example, inadequate cement limestone
reserves) have discouraged cement capacity creation.

Countries, which export a large share of their domestic production, appear to be

having one thing in common. Countries with high export thrust opt for bulk
transportation for exporting cement. For example, by opting for bulk transportation,
Greece is in a position to export over 50% of its cement production. Bulk
transportation leads to significant advantages such as savings in freight costs and
packing costs, avoidance of transit loss, adulteration, pilferage, bursting of bags and
damage to cement.

Textile Industry in India

 25

The cotton textiles industry has a large importance to the economy in terms of
employment, contribution to the government exchequer and foreign exchange
earnings. The textiles industry accounts for around 14% of India’s industrial
production, 4% of GDP, and 16% of its total merchandise exports. Besides, it
provides direct employment to around 35 million people. Cotton is the most important
fibre of the Indian textiles industry, accounting for around 57% of the domestic fibre
consumption and 90% of its exports. Further, substantial production is from the small-
scale sector, whereby the industry wealth is distributed in greater number of people.

The past two decades have also witnessed a significant growth in the exports of textile
goods and readymade garments from India. However, even now, India has a mere
3.3% share of the global trade of US$450 billion in textiles and clothing; the figure
for India was as low as 1.8% in 1980. Exports of textiles and textiles products
witnessed an acceleration during April 2005-January 2006 (10MFY2006), led by
strong demand in the major markets of the US and Europe. Exports increased 22.2%
(year on year or yoy) to US$13.06 billion during April 2005-January 2006.

Figure 1.20 Showing the India’s Exports of Textiles and Textiles Products and Share of Total Exports

The failure to provide quality value-added fabrics and garments and the near absence
of contemporary designing facilities as also quota constraints are some of the major
causes for India producing low value added yarns and fabrics, even as other countries
have moved up the value chain.

The Indian textile and clothing market is estimated to be Rs. 2.15 trillion during 2004.
While the domestic market accounts for 61%, the technical textiles accounts for
around 9%. The balance 30% is exported in the international market. The ratio of
usage of cotton to man-made fibers/filament yarn was around 56:44 in FY2005.

The manmade fiber (MMF) industry comprises fiber and filament yarn manufacturing
units of cellulosic and non-cellulosic origin. The value added by manmade fibers
(MMF) sector accounts for around Rs. 55 billion or 0.2% of GDP. The sector
contributes excise duties of around Rs. 23 billion to the exchequer, which is around
3.5% of the total excise duties. The total assets in the sector are estimated to be
around Rs.100 billion. In the last downturn, some companies were also referred to the
Board of Industrial and Financial Reconstruction (BIFR). The MMF sector is also a
 26

‘critical enabler’ of a large export earner—the textiles industry. Further, the

downstream textiles industry also provides large-scale employment. As of end-
September 2005, the employment in the cotton/MMF textile industry was 0.95
million.

In the cotton dominated Indian textile industry, manmade fibres account for an around
44% share as against 50% globally. However, in FY2005, with large volumes of
cotton being exported in various forms of textiles and apparel (accounting for nearly
43% of the domestic cotton production), the share of manmade fibres in the domestic
textiles market stood at over 50%.

Figure 1.21 Showing India’s Manmade Fibre, Yarn, Fabrics, and Madeups and Share of Total Exports

Another part of textile industry is wool and man made staple fabrics which plays an
important role in India’s total export Figure 1.21 shows the export of wool and man
made staple fabrics.

Export of Wool and Man-Made Staple Fabrics

500,000
400,000
300,000
Qty in Thousands
200,000
Wool
100,000
Man-Made Staple Fabrics
0
2003 2004 2005 2006
upto
Sep.
Year

Figure 1.22 Showing the export of wool and man-made staples from India

Iron and Steel Industry in India

 27

The Indian steel sector was the first core sector to be completely removed from the
licensing regime as well as pricing and distribution controls. This was done primarily
because of the inherent strengths and capabilities demonstrated by the Indian iron and
steel industry. The growth rate in 1995-96 was a phenomenal 20%. During 1996-97,
finished steel production shot up to a record 22.72 million tonnes with a growth rate
of 6.2%, while in 1997-98, the finished steel production increased to 23.37 million
tonnes, which was 2.8% more than the production of the preceding year. The growth
rate decreased drastically in 1997-98 and 1998-99 being 2.8% and 1.9% respectively.
The growth rate in 2001-2002 was 4.29% with the total production touching 31.63
million tonnes. The production of finished steel during April –December, 2002 has
been 23.83 million tonnes, which is 6.3% higher than the production during the
corresponding period of 2001-02.

The general policy and procedures for export and import of iron and steel, ferro alloys
and ferro scrap are at present decided by the Ministry of Commerce in consultation
with the Ministry of Steel. In a momentous move to push exports aggressively,
Government of India has announced several measures in the new Five-year Exim
policy (2002-07), which is in effect from 1st April 2002. These include the removal of
quantitative restrictions on exports save in respect of a few sensitive items; permission
for setting up overseas banking units in Special Economic Zones (SEZ); retention of
duty-neutralization instruments including Duty Entitlement Pass Book (DEPB) and
other export promotion schemes.

Export of Iron and Steel in the FY 2005 was decline by 0.34% as compared with last
year figure 1.22 shows the following.

Iron and Steel

7,000,000
Volume Qty. in thousand

6,000,000

5,000,000
4,000,000
Iron and Steel
3,000,000
2,000,000

1,000,000
0
2003 2004 2005 2006 upto
Sep.

Year
Figure 1.23 showing the export of iron and steel from India

Aluminum & Copper Industry in India

 28

The Indian Aluminum Industry has a moderate importance in the Indian Economy.
While it has a number of applications across several sectors (such as power,
automobiles, packaging, construction etc.) Its turnover is just around Rs. 120 billion
(0.35% of GDP). In the trade term, export of aluminum and articles thereof
aggregated Rs. 22.95 billion in FY2005, accounting for 0.6% of India’s Exports.
Import aggregated Rs. 20.65billion during FY2005, accounting for 0.4% of India’s
imports.

India accounts for less than 3% of the global capacity for aluminum, and thus has
limited influence on aluminum prices on the London Metal Exchange (LME).
However, prices on the LME do have an effect on domestic prices, since, on the one
hand, they determine the margin of Indian exporters and, on the other, influence the
landed prices of imported metal. However the correlation is limited because of the
duty a protection against imports and the low cost structure of Indian aluminum
producers.

Global aluminum production increased by 3.7% during 2005 to 23.4% mt. By

comparison, production increased at a 3-year compound average growth rate (CAGR)
of 3.4% during 2003-05, World aluminum production is expected to increase 4%
during 2006, because of smelter capacity expansion in china and the Middle East.

The Indian Copper Industry has a moderate importance in the Indian Economy. While
it has a number of application across several sectors (such as telecom, power,
construction, transportation, handicraft, Engineering, Consumer durables, defense
etc.). Figure 1.23 shows the export of Aluminum and copper during the period of
2003-06.

Aluminum & Copper

400,000
Volume Qty. in thousand

350,000
300,000
250,000
200,000
150,000
100,000
50,000
0
2003 2004 2005 2006 upto Sep.

Year
Figure 1.24 showing the export of aluminum and copper

Machinery Industry in India

 29

The performance of heavy engineering sector is directly linked to the industry, which
in turn depends on the performance of the overall economy. Industry, being the key
end user, drives the performance of this sector. In the FY2002 the performance of the
heavy engineering industry was affected due to an economic downswing, but
sustained improved performance of the overall economy from FY2003 onwards has
resulted in an upswing for this sector. The industrial performance has been even better
in the FY2005 and the Index of Industrial Production is expected to increase by 7.6%
this year, while the growth was 7.0% for FY2004. The revival of the economy and
increase in demand has resulted in major capacity expansions to match the growing
demand across all the sectors.

Heavy engineering companies that serve only the domestic market are sensitive to the
performance of Indian economy, while exports lead to diversification of the end-user
market.

Indian companies have cost-advantage in production of heavy machinery and

equipment, which result in significant potential for exports. During 2001-02, heavy
engineering industry was facing a recession and the Index of Production of Capital
Goods witnessed a decline of 3.4%. Low levels of demand forced many of the Indian
heavy engineering companies to look beyond the domestic markets. As a result, the
engineering goods sector has improved its export performance and contributed to
20.37% of total exports from the country during the period April 2004 to January
2005. The export of Indian machinery industry as shown in figure 1.24.

Machinery

500,000
Volume Qty. in thousand

450,000
400,000
350,000
300,000
250,000 Machinery
200,000
150,000
100,000
50,000
0
2003 2004 2005 2006 upto
Sep.
Year
Figure 1.25 Showing export of Indian machinery industry

Plastic Industry in India

 30

India exported nearly US$532 mn worth plastic products during FY2004 (1st half
FY2005 exports US $ 295 mn). With substantial capacity additions leading to over-
capacity in domestic markets during FY2001 and beyond, polymer exports have
increased significantly. However, on account of lower competitiveness of the plastic
products industry, polymers have been exported directly.

Figure 1.26 Showing the trend in export of Plastic products

Amongst various plastic products—films, plates and sheets accounted for largest
share of over 40% during FY2004 (refer following figure). Plastic products for
packaging (apart from films etc.) accounted for a share of 27% which includes woven
sacks that accounted for 13% of the total plastic product exports.

Though Indian exports of plastic products have increased over the past decade, Indian
exports of plastic products, however, still continue to account for a minuscule share in
 31

the world trade (only around 0.47%). The low presence of the organized large-scale
sector and consequently, low economies of scale prevent Indian players from
becoming cost competitive in the international market.
 32

Organic and In-organic Chemical Industry in India

Inorganic chemicals are mostly used in detergents, glass, soap, fertilizer and alkalis
India’s inorganic chemicals industry is one of the fastest growing sectors, with an
average growth rate of 9 per cent per annum during the last decade.
Organic chemicals cover a wide range items such as methanol, formaldehyde, acetic
acid, phenol, acetone etc. The organic chemicals industry in India is also concentrated
mostly in western India.

Figure 1.28 is showing the export of organic and in-organic chemicals from India

Figure 1.29 is showing the export of organic and in-organic chemicals in volume
 33

Fertilizers Industry in India

A pesticide is any substance or mixture of substances intended for preventing,

destroying, repelling, or mitigating any pest. The pesticides (of which insecticides
constitute an important segment) or the agrochemicals industry (hereinafter referred to
as the PAC industry) primarily consists of insecticides, herbicides and fungicides.

The global market for chemical pesticides/agrochemicals was estimated at around

US$26.71 billion in 2003. Herbicides comprised 44% of the world market, followed
by insecticides (27%), fungicides (20%), and others (9%). The market increased by
6.2% during 2003. In the period since 1990, the world market has increased from
US$23.17 billion, at an annual average of 1.1%.As shown in figure 1.26

Figure 1.30 shows the world’s market in pesticides

The increased exports of pesticides in recent years is primarily because of the

reduction in pesticide production in developed countries, and the shift in pesticide
production from the developed countries to developing countries.

India is one of the largest producers of pesticides in Asia. Total world pesticide
exports from all countries increased from US$10.27 billion in 2002 to US$12.42
billion in 2003, caused by higher pesticide usage. Amongst the developing countries,
India is the second-largest exporter of pesticides, behind China. India accounted for
3% of the world export of pesticides in 2003, as compared with 5.9% for China. In
terms of market share of exports of various pesticide products, Indian exports of
insecticides aggregated US$313 million during 2003, accounting for 10.4% of total
worldwide insecticide exports of US$3,011 million. India’s share has declined from
11.4% during 2002.
 34

Pharmaceutical Industry in India

The Indian Pharmaceutical Industry today is in the front rank of India’s science-
based industries with wide ranging capabilities in the complex field of drug
manufacture and technology. A highly organized sector, the Indian Pharma
Industry is estimated to be worth $ 4.5 billion, growing at about 8 to 9 percent
annually. It ranks very high in the third world, in terms of technology, quality and
range of medicines manufactured. From simple headache pills to sophisticated
antibiotics and complex cardiac compounds, almost every type of medicine is now
made indigenously

The Indian Pharmaceutical sector is highly fragmented with more than 20,000
registered units. It has expanded drastically in the last two decades. The leading
250 pharmaceutical companies control 70% of the market with market leader
holding nearly 7% of the market share. It is an extremely fragmented market with
severe price competition and government price control.

The pharmaceutical industry in India meets around 70% of the country's demand
for bulk drugs, drug intermediates, pharmaceutical formulations, chemicals,
tablets, capsules, orals and inventible. There are about 250 large units and about
8000 Small Scale Units, which form the core of the pharmaceutical industry in
India (including 5 Central Public Sector Units). These units produce the complete
range of pharmaceutical formulations, i.e., medicines ready for consumption by
patients and about 350 bulk drugs, i.e., chemicals having therapeutic value and
used for production of pharmaceutical formulations.

Pharmaceutical
Volume Qty in Thousand

4,000.00
3,500.00
3,000.00
2,500.00
2,000.00 Pharmaceutical
1,500.00
1,000.00
500.00
0.00
2003-04 2004-05 2005-06 2006 up to
Sep.
Year
Figure 1.31 Showing the Export of Pharma Products
 35

Cosmetic Industry in India

Many of the world’s popular cosmetics brands entered the Indian market in the 1990s
as the Indian market opened up to foreign companies. The cosmetics and personal
care industry has been growing at an average rate of 15-20 percent for the last few
years. Growth has come mainly from the low and medium-priced categories, which
account for 90 percent of the cosmetics market in terms of volume. Even though
mass-market products still constitute the major portion of the India cosmetics and
toiletries market, increased disposable income has led to growth in demand for
premium products. The urban population in particular, with its rising purchasing
power, is the main force that drives the demand for various cosmetic products in
India.

The reasons for the growing demand for cosmetic products in India also include:
greater access to television, which has created a growing awareness of the western
world; increased advertising in general; and greater product choice and availability.
The success of contestants from India at various well known international beauty
pageants in the last few years has also contributed to making Indian women more
conscious of their appearance and more aware of western cosmetic products and
brands. Also, a boom in the Indian fashion world has contributed to the rise in
demand for professional beauty care products.

Even with double-digit growth rates, the market penetration of cosmetics and
toiletries products in India is very low. Current per capita expenditure on cosmetics is
approximately $0.68 cents, as compared to $36.65 in other Asian countries. This low
market penetration for cosmetics and personal care products in India can be viewed as
an opportunity for more significant growth down the road in this country of 1 billion
people.

The current size of India’s cosmetic and toiletries market is about $950 million. The
fastest growing segment is color cosmetics, accounting for around $60 million of the
total market. Nail enamels and lipstick account for about round 65 percent of the
color cosmetic segment. Revlon and L’Oreal dominate the small premium lipsticks
and nail enamels niches. Lipstick sales account for nearly a third of the market at $21
million, while the market for nail enamels is about $23 million. Lakme, a brand
originally introduced by the Tata Group of India, but now owned by Hindustan Lever
(HLL) of the Unilever group, Tips & Toes, and Revlon dominate the color cosmetics
market. The color cosmetics segment is very competitive and has a high penetration
level, compared to other market segments.

The toiletries market segment in India is well developed and dominated by

multinational companies and a few large Indian companies. This segment is also
characterized by high entry barriers, a high rate of new product launches, and high
advertising expenditures. Bath and shower products account for the largest share of
the toiletries market segment. The toiletries segment can be divided into two
categories: the less price sensitive niche and highly brand conscious, premium niche.
The price sensitive niche caters to the middle and lower middle class and the premium
niche caters to the urban and higher class.
 36

Export: Cosmetic Industy

120,000
100,000
80,000
Qty in Thousand 60,000
40,000
20,000
0
Forecasted 2003 2004 2005 2006 2007 2008 2009
Year
Figure 1.32 Showing the export of cosmetic industry

Export: Cosmetic Industry

700
600
500
Value in US $ 400
Million 300
200
100
0
2003 2004 2005 2006 2007 2008 2009
Forecasted
Year

Figure 1.33 showing the export of cosmetic industry in value

Export of Cosmetic Industry is growing continuously in volume since FY2003, but in

value it was a little shift in the FY2004 but in FY2005 it jumped and increase by $ 40
million in table d.

Year Value (US$ Million)

2003 317.57
2004 296.77
2005 436.03
2006 459.34
2007 518.57
2008 599.86
2009 641.13
Table D: Showing the YoY growth in value of cosmetic industry
 37

Electronic Goods Industry in India

The Electronics industry has emerged as the fastest growing segment of the Indian
industry both in terms of production and exports. This growth has had significant
economic and social impacts. Today the local and global impact of the electronics
industry has been due to its modern incarnation viz., the Information Technology (IT)
Industry. By definition the IT industry includes the hardware “backbone” from the
electronics industry and software.

The consumer durables industry appears to have two clearly differentiated segments.
The MNCs have an edge over their Indian counterparts in terms of technology
combined with a steady flow of capital. The domestic companies compete on the basis
of their well-acknowledged brands, an extensive distribution network and an insight
into local market conditions.

Demand is Cyclical and seasonal. Demand is high during festive season and is
generally dependent on good monsoons. Purchase necessarily is done only during the
harvest, festive and wedding seasons — April to June and October to November in
North India and October to February in the South.

Rural India, which accounts for nearly 70% of the total number of households, offers
plenty of scope and opportunities for the white goods industry. The urban consumer
durable market for products including TV is growing annually by 7 to 10 % whereas
the rural market is zooming ahead at around 25 % annually.

Increasing consumer awareness and preference for new models have added to the
demand. Products like air conditioners are no longer perceived as luxury products but
are treated as necessities in the changed socio-economic environment with changed
life styles.

Export:Electronic Goods Industry

2009
2008
2007
Year

2006
2005
2004
2003
0 500,000 1,000,0001,500,0002,000,0002,500,0003,000,0003,500,0004,000,0004,500,000

Qty in thousand
Forecasted

Figure 1.34 Showing the Export of Electronic Goods Industry in volume

 38

Figure 1.29 shows the export of electronic industry, in last few years’ electronic
goods and consumer durables industry has shown a great increase in export, because
companies like Sansui, Samsung, Whirlpool, LG has set up there manufacturing plant
in India and they are exporting these good from India to the neighboring countries and
other western countries. This shows that this growth rate will continue due to great
participation of real estate industry. Same as in table f we can see the increasing value
of electronic goods industry.

Table f: Showing the Export of Electronic Goods Industry in Value

Year Value (US$ Million) Growth rate%
2003 1,899.06 -
2004 2,071.68 8.33
2005 2,767.55 25.14
2006 3,114.59 11.14
2007 3,694.18 15.69
2008 4,118.73 10.31
2009 4,646.65 11.36

The sectors which have recorded excellent growth rates of more than 20 per cent in
terms of quantity produced are Air Conditioners (25 per cent), Split Air Conditioners
(42.6 per cent) Micro Wave Woven (27.3 per cent), DVDS (25 per cent) VCD/MP3
(20per cent), Color Picture Tube (23 per cent,).

The sectors which have recorded high growth rates between 18 and 28 per cent in
April-March 2004-05 over the corresponding previous period are Color Television
(12%), Window Air Conditioners (18.8 per cent ), Washing Machines (18.1 per cent
Watch (10%), Frost Free Refrigerators (13.8%).

 Some sectors which have recorded moderate growth of 0 to 10 per cent are
refrigerators (5 per cent),), clock (8 per cent), Direct Cool Refrigerator (2.8 per
cent).

 The sector recording negative growth is B&W TV (- 16.7%), The

Refrigeration Industry has reached 3.9 million units in 2004-05 from 3.7
million units in the last year with a growth of 5 per cent.

 The Air-Conditioners Industry has reached at 1.2 million units during 2004-05
with a growth of 25 per cent from 9.8 lakh units in 2003-04.

 Washing Machines is estimated to have grown by 18.1 per cent from 1.35
million units in 2003-04 to 1.6 million units in 2004-05.

 Microwave oven has grown by 27.3 per cent growth with 3.5 lakh units
compared to 2.75 lakh units in 2003-04.

 The Indian Color Television industry has grown by 12.1 per cent in 2004-05
by reaching 9.25 million units in 2004-05 from 8.25 million units in 2003-04.
The B&W TV has recorded a negative growth of 16.7 per cent from 3 million
units in2003-04 to 2.5 million units in 2004-05.
 39

 Watch and clock have registered growth of 10 per cent and 8 per cent from
20.6 mn units and 26.3 million units in 2003-04 to 22.6 mn units and 28.4 mn
units in 2004-05. The VCD/MP3 industry has registered 20% growth and has
achieved production of 8.4 million units.

 The unorganized sector has occupied a major share in manufacturing and

supplying VCD/MP3. DVD Players have grown by 25 per cent in 2004-05
with the volume estimated to be 625000 units.
 40

Findings
 Major part of India’s export goes to USA followed by United Arab Emirate
and China and this study shows this will also in the future as shown in figure
1.30.

E x p o rt: C o u n try -w is e

JA P A N

ITA L Y

B E L G IU M

GE RM A NY

2 00 8
U K
2 00 7
2 00 6
HO NG K ONG
2 00 5
2 00 4
S IN G A P O R E

C H IN A

UA E

U S A

0 .00 5 00 0. 0 0 1 00 00 .00 1 50 00 .0 0 2 00 00 .0 0 25 0 00 .0 0

Figure 1.35 Showing the Export of India country-wise in Value in US $ Million

 India’s Tea and Coffee industry has largest share in world’s export in its
category, but then also it is losing its share during last few years and this
fluctuation will also continue over the year. Tea and coffee industry depends
on the monsoon and over the last few years the global warming has affected
the monsoon and this may affect to the production of tea and coffee.

Volume of Tea and Coffee

800,000
700,000
600,000
500,000
Qty in Thousands 400,000
300,000
200,000
100,000
0
2003 2004 2005 2006 2007 2008 2009
upto
Sep.

Year
Figure 1.36 Showing the export of Tea and coffee industry
 41

 Sugar Industry has seen great variation in both export and import, in India
maximum sugar is produce in area of Uttar Pradesh and GOI has ban the
export of sugar due to rise in price of sugar in world market and not having
enough stock to meet the domestic consumption . This ban has its limitation
up to march 2007, but ban does not include EU and USA.

 Tobacco is grown in more than 100 countries, just four countries (Brazil,
China, India and the United States) account for two-thirds of total global
production and only two countries, Malawi and Zimbabwe, are significantly
dependent on export earnings from tobacco.1 Out of the 141 countries that
export tobacco, only 18 derive more than one percent of their total export
earnings from tobacco. In only four of those 18 countries do tobacco exports
account for more than five percent of total export earnings . India is second
largest export of the world and holds round 6.5% of total export of tobacco of
the world.

 Beverage industry’s export of India is growing with the rate of 13-16% p.a. as
shown in the table b. Both in the term of volume and value it is becoming the
important to the Indian economy.

 The export of leather industry is varying in volume, but in the value term it is
increasing in a constant manner and volume-wise it will fluctuate in the future
also.

Export of Leather from India

300,000
250,000
200,000
Qty in thousand 150,000
100,000
50,000
0
2003 2004 2005 2006 2007 2008 2009
upto
Sep.
Year
 Future growth in gold jewellery business is likely to driven by increased
exports to US and other markets, and domestic consumption. Although
domestic consumption has increased in 2003-05, consumption per capita is
still very low, reflecting the high proportion of the rural population and the
social infrastructure of the country (the rural population accounts for
approximately 65-70% of domestic gold demand).
 42

 As cement is a low value, high bulk commodity, freight cost becomes a

significant factor in determining the landed cost of cement. This has resulted
in a very low volume of international trade in cement. World cement trade has
averaged just around 6-7% of the total production.

Countries, which export a large share of their domestic production, appear to

be having one thing in common. Countries with high export thrust opt for bulk
transportation for exporting cement. For example, by opting for bulk
transportation, Greece is in a position to export over 50% of its cement
production. Bulk transportation leads to significant advantages such as savings
in freight costs and packing costs, avoidance of transit loss, adulteration,
pilferage, bursting of bags and damage to cement.

 In the cotton dominated Indian textile industry, manmade fibres account for an
around 44% share as against 50% globally. However, in FY2005, with large
volumes of cotton being exported in various forms of textiles and apparel
(accounting for nearly 43% of the domestic cotton production), the share of
manmade fibers in the domestic textiles market stood at over 50%.As shown
in the chart below.

 Export of Iron and Steel in the FY 2005 was decline by 0.34% as compared
with last year; The Indian Copper Industry has a moderate importance in the
Indian Economy. While it has a number of application across several sectors
(such as telecom, power, construction, transportation, handicraft, Engineering,
Consumer durables, defense etc.)

 Indian companies have cost-advantage in production of heavy machinery and

equipment, which result in significant potential for exports. During 2001-02,
heavy engineering industry was facing a recession and the Index of Production
of Capital Goods witnessed a decline of 3.4%. Low levels of demand forced
many of the Indian heavy engineering companies to look beyond the domestic
markets. As a result, the engineering goods sector has improved its export
performance and contributed to 20.37% of total exports from the country
during the period April 2004 to January 2005.
 43

 Indian exports of plastic products have increased over the past decade, Indian
exports of plastic products, however, still continue to account for a minuscule
share in the world trade (only around 0.47%). The low presence of the
organized large-scale sector and consequently, low economies of scale prevent
Indian players from becoming cost competitive in the international market.

 The increased exports of pesticides in recent years is primarily because of the

reduction in pesticide production in developed countries, and the shift in
pesticide production from the developed countries to developing countries.

 The pharmaceutical industry in India meets around 70% of the country's

demand for bulk drugs, drug intermediates, pharmaceutical formulations,
chemicals, tablets, capsules, orals and inventible. There are about 250 large
units and about 8000 Small Scale Units, which form the core of the
pharmaceutical industry in India (including 5 Central Public Sector Units).
Indian Pharmaceutical industry has shown a high increase in export YoYas
shown in figure 1.27.

 Export of Cosmetic Industry is growing continuously in volume since

FY2003, but in value it was a little shift in the FY2004 but in FY2005 it
jumped and increase by $ 40 million.

 Rural India, which accounts for nearly 70% of the total number of households,
offers plenty of scope and opportunities for the white goods industry. The
urban consumer durable market for products including TV is growing annually
by 7 to 10 % whereas the rural market is zooming ahead at around 25 %
annually.
 44

Bibliography
♦ A book on Indian Trade and Industry Classification, by Kumar and Garg.
Published by BDP, Publishing year 2003
♦ Hand book of the year 2003-2004, Reserve Bank of India, Study of Indian
economy and foreign trade.

♦ http://strategis.ic.gc.ca/epic/site/imr-ri.nsf/en/gr126985e.html,
www.strategis.ic.gc.ca
♦ National Stock Exchange, www.nseindia.com/members/directory/htm

♦ Bombay Stock Exchange, www.bseindia.com/directory/turnover/2003.nic

♦ www.dgft.delhi.nic.in

♦ www.indiamart.com
♦ www.jimtrade.com

♦ www.dgciskol.nic.in
♦ www.tradeinfo.com

♦ Center for Monitoring Indian Economy (CMIE), Andheri (East), Mumbai

♦ www.icra.in

♦ Balance of Payments Release of Dec. 29, 2006 and Statement 43, India’s
Balance of Payments in Dollars, Monthly Bulletin, Reserve Bank of India,
December 2006 and previous issues, www.rbi.org/monthlybulletin/bop
♦ Monthly Foreign Trade Statistics of India (principal commodities &
countries), Imports and Exports & Re–exports, Directorate General of
Commercial Intelligence & Statistics, Government of India, September 2006,
www.dgcis.kol.nic
 45

Tables

Table 1: Export of India Country-wise in US $ Million for the year 2003-2004 to

2004-2005 with there share in the total export of the country and growth rate.

2003- 2004-
S.No. Country %Share %Share %Growth
2004 2005
1 USA 11,490.11 17.9975 13,765.75 16.4788 19.81
2 U ARAB EMTS 5,125.61 8.0285 7,347.88 8.7961 43.36
3 CHINA P RP 2,955.10 4.6287 5,615.88 6.7227 90.04
4 SINGAPORE 2,124.84 3.3282 4,000.61 4.7891 88.28
5 HONG KONG 3,261.83 5.1091 3,691.82 4.4194 13.18
6 UK 3,023.27 4.7355 3,681.09 4.4066 21.76
7 GERMANY 2,544.57 3.9857 2,826.25 3.3833 11.07
8 BELGIUM 1,805.73 2.8284 2,509.71 3.0043 38.99
9 ITALY 1,729.41 2.7089 2,285.99 2.7365 32.18
10 JAPAN 1,709.30 2.6773 2,127.91 2.5473 24.49
11 FRANCE 1,280.89 2.0063 1,680.94 2.0122 31.23
12 BANGLADESH PR 1,740.75 2.7266 1,631.12 1.9526 -6.3
13 NETHERLAND 1,289.12 2.0192 1,604.86 1.9212 24.49
14 SRI LANKA DSR 1,319.20 2.0663 1,413.18 1.6917 7.12
15 SAUDI ARAB 1,123.31 1.7595 1,412.06 1.6904 25.71
16 SPAIN 1,002.59 1.5704 1,389.37 1.6632 38.58
17 INDONESIA 1,127.21 1.7656 1,332.60 1.5952 18.22
18 IRAN 918.11 1.4381 1,231.39 1.4741 34.12
19 MALAYSIA 892.77 1.3984 1,084.06 1.2977 21.43
20 KOREA RP 764.86 1.198 1,041.68 1.247 36.19
21 ISRAEL 723.98 1.134 1,005.76 1.204 38.92
22 SOUTH AFRICA 539.35 0.8448 984.04 1.178 82.45
23 THAILAND 831.69 1.3027 901.39 1.079 8.38
24 CANADA 763.2 1.1954 866.8 1.0376 13.57
25 NEPAL 669.36 1.0484 743.14 0.8896 11.02
26 TURKEY 563.34 0.8824 723.7 0.8663 28.47
27 AUSTRALIA 584.3 0.9152 720.25 0.8622 23.27
28 BRAZIL 275.62 0.4317 678.17 0.8118 146.05
29 NIGERIA 565.49 0.8858 644.68 0.7717 14
30 RUSSIA 713.76 1.118 631.26 0.7557 -11.56
31 TAIWAN 532.45 0.834 618.51 0.7404 16.16
32 VIETNAM SOC REP 410.44 0.6429 555.96 0.6655 35.46
33 SWITZERLAND 449.87 0.7046 540.89 0.6475 20.23
34 PAKISTAN IR 286.94 0.4494 521.05 0.6237 81.59
35 EGYPT A RP 367.49 0.5756 444.73 0.5324 21.02
36 KENYA 229.48 0.3594 426.64 0.5107 85.91
37 KUWAIT 319.09 0.4998 421.44 0.5045 32.07
38 PHILIPPINES 321.53 0.5036 412.23 0.4935 28.21
39 UNSPECIFIED 209.38 0.328 373.82 0.4475 78.54
40 MEXICO 264.43 0.4142 368.58 0.4412 39.39
41 COLOMBIA 95.31 0.1493 330.71 0.3959 246.97
42 SUDAN 107.38 0.1682 317.45 0.38 195.64
43 GREECE 200.04 0.3133 306.34 0.3667 53.14
44 DENMARK 241.9 0.3789 305.74 0.366 26.39
 46

45 OMAN 258.99 0.4057 267.67 0.3204 3.35

46 TOGO 46.98 0.0736 263.37 0.3153 460.56
47 MAURITIUS 203.02 0.318 258.2 0.3091 27.18
48 SYRIA 201.46 0.3156 253.18 0.3031 25.67
49 YEMEN REPUBLC 217.55 0.3408 246.41 0.295 13.27
50 SWEDEN 219.88 0.3444 241.8 0.2895 9.97
51 ALGERIA 122.15 0.1913 231.22 0.2768 89.28
52 PORTUGAL 169.89 0.2661 223.17 0.2672 31.36
53 IRELAND 150.93 0.2364 211.99 0.2538 40.45
54 QATAR 128.44 0.2012 209.42 0.2507 63.04
55 UKRAINE 110.27 0.1727 207.73 0.2487 88.39
56 ARGENTINA 87.33 0.1368 186.32 0.223 113.35
57 GHANA 182.67 0.2861 183.08 0.2192 0.22
58 POLAND 134.21 0.2102 176.3 0.211 31.36
59 TANZANIA REP 175.78 0.2753 173.88 0.2082 -1.08
60 LIBYA 18.73 0.0293 173.53 0.2077 826.34
61 AFGHANISTAN TIS 145.47 0.2279 165.44 0.198 13.73
62 BAHARAIN IS 111.63 0.1748 156.46 0.1873 40.16
63 FINLAND 111.27 0.1743 143.54 0.1718 29
64 IRAQ 75.17 0.1177 131.19 0.157 74.53
65 DJIBOUTI 73.67 0.1154 128.63 0.154 74.59
66 JORDAN 150.99 0.2365 128.25 0.1535 -15.06
67 KOREA DP RP 158.75 0.2487 123.91 0.1483 -21.95
68 AUSTRIA 106.38 0.1666 117.15 0.1402 10.12
69 MYANMAR 89.64 0.1404 113.19 0.1355 26.27
70 MOROCCO 87.72 0.1374 112.48 0.1347 28.23
71 CHILE 83.02 0.13 111.2 0.1331 33.95
72 HUNGARY 91.87 0.1439 108.1 0.1294 17.66
73 ROMANIA 47.79 0.0749 105.96 0.1268 121.71
74 NORWAY 75.69 0.1186 103.81 0.1243 37.16
75 COTE D' IVOIRE 98.11 0.1537 101.03 0.1209 2.97
76 CONGO P REP 61.27 0.096 93.26 0.1116 52.22
77 NEW ZEALAND 85.97 0.1347 93.22 0.1116 8.43
78 CZECH REPUBLIC 88.02 0.1379 88 0.1053 -0.03
79 BHUTAN 89.49 0.1402 84.58 0.1013 -5.48
80 KAZAKHSTAN 74.81 0.1172 81.42 0.0975 8.83
81 MOZAMBIQUE 69.14 0.1083 81.3 0.0973 17.59
82 UGANDA 87.73 0.1374 75.98 0.091 -13.4
83 TUNISIA 68.16 0.1068 74.46 0.0891 9.23
84 ANGOLA 70.55 0.1105 72.89 0.0873 3.32
85 VENEZUELA 21.13 0.0331 71.97 0.0862 240.68
86 SENEGAL 26.74 0.0419 69.24 0.0829 158.94
87 PERU 38.01 0.0595 68.82 0.0824 81.05
88 LEBANON 59.05 0.0925 67.46 0.0808 14.24
89 SLOVENIA 36.19 0.0567 63.37 0.0759 75.09
90 MALAWI 38.21 0.0598 58.26 0.0697 52.48
91 PANAMA REPUBLIC 54.55 0.0855 55.95 0.067 2.56
92 ETHIOPIA 80.43 0.126 55.51 0.0664 -30.99
93 GUINEA 35.12 0.055 51.31 0.0614 46.11
94 ZAMBIA 39.86 0.0624 50.4 0.0603 26.46
95 KYRGHYZSTAN 38.2 0.0598 49.57 0.0593 29.76
96 MALDIVES 42.34 0.0663 47.61 0.057 12.46
97 BENIN 52.71 0.0826 47.12 0.0564 -10.59
98 SOMALIA 40.11 0.0628 47.11 0.0564 17.44
 47

99 NIGER 36.66 0.0574 40.29 0.0482 9.9

100 GUATEMALA 26.36 0.0413 37.84 0.0453 43.53
101 MADAGASCAR 39.14 0.0613 36.12 0.0432 -7.71
102 MALTA 117.95 0.1847 31.5 0.0377 -73.3
103 AZERBAIJAN 12.28 0.0192 30.79 0.0369 150.81
104 LITHUANIA 17.92 0.0281 30.6 0.0366 70.71
105 CYPRUS 28.2 0.0442 29.38 0.0352 4.16
106 TRINIDAD 19.64 0.0308 28.92 0.0346 47.27
107 FIJI IS 20.41 0.032 28.59 0.0342 40.07
108 GEORGIA 34.02 0.0533 26.8 0.0321 -21.24
109 CAMEROON 23.26 0.0364 26.7 0.032 14.78
110 BULGARIA 25.22 0.0395 24.76 0.0296 -1.83
111 MAURITANIA 18.04 0.0283 24.71 0.0296 36.99
112 URUGUAY 19.47 0.0305 24.51 0.0293 25.85
113 SLOVAK REP 16.85 0.0264 23.86 0.0286 41.56
114 ZIMBABWE 23.51 0.0368 23.45 0.0281 -0.25
115 CROATIA 16.68 0.0261 22.85 0.0273 36.95
116 ECUADOR 14.13 0.0221 22.71 0.0272 60.74
117 SWAZILAND 29.07 0.0455 22.27 0.0267 -23.38
118 DOMINIC REP 12.22 0.0191 22.04 0.0264 80.31
119 MALI 43.82 0.0686 21.69 0.026 -50.5
120 UZBEKISTAN 15.14 0.0237 21.35 0.0256 40.96
121 HONDURAS 11.99 0.0188 21.31 0.0255 77.66
122 BURKINA FASO 23.74 0.0372 21.1 0.0253 -11.13
123 LIBERIA 16.13 0.0253 18.3 0.0219 13.51
124 CAMBODIA 18.6 0.0291 18.13 0.0217 -2.5
125 SURINAME 3.73 0.0058 17.58 0.021 370.86
126 LATVIA 16.33 0.0256 17.42 0.0209 6.66
127 COSTA RICA 20.52 0.0321 16.48 0.0197 -19.7
128 TURKMENISTAN 19.21 0.0301 15.26 0.0183 -20.6
129 GAMBIA 13.66 0.0214 14.89 0.0178 9.04
130 PUERTO RICO 26.43 0.0414 14.67 0.0176 -44.5
131 PAPUA N GNA 4.69 0.0073 14.28 0.0171 204.32
132 JAMAICA 9.06 0.0142 13.43 0.0161 48.29
133 LESOTHO 5.57 0.0087 13.41 0.0161 140.72
134 SIERRA LEONE 12.78 0.02 13.12 0.0157 2.7
135 ICELAND 17.6 0.0276 12.91 0.0155 -26.64
136 PARAGUAY 10.57 0.0166 12.01 0.0144 13.66
137 LUXEMBOURG 14.19 0.0222 11.64 0.0139 -18.01
138 NICARAGUA 5.96 0.0093 11.38 0.0136 90.79
139 SEYCHELLES 10.08 0.0158 10.62 0.0127 5.39
140 BELARUS 6.49 0.0102 10.61 0.0127 63.48
141 GABON 10.55 0.0165 10.36 0.0124 -1.8
142 ESTONIA 5.98 0.0094 10.24 0.0123 71.06
143 HAITI 8.56 0.0134 10.18 0.0122 18.95
144 UNION OF SERBIA & 16.83 0.0264 9.25 0.0111 -45.04
MONTENEGRO
145 REUNION 7.11 0.0111 9.2 0.011 29.33
146 EL SALVADOR 6.55 0.0103 8.89 0.0106 35.76
147 ERITREA 10.72 0.0168 8.44 0.0101 -21.28
148 RWANDA 5.05 0.0079 8.36 0.01 65.66
149 BOTSWANA 6.7 0.0105 7.91 0.0095 18.06
150 CUBA 4.95 0.0078 7.44 0.0089 50.26
151 BURUNDI 5.49 0.0086 7.24 0.0087 31.81
 48

152 ARMENIA 3.53 0.0055 7.24 0.0087 105.28

153 NAMIBIA 7.69 0.012 7.22 0.0086 -6.04
154 GUYANA 4.77 0.0075 6.86 0.0082 43.94
155 TAJIKISTAN 4.47 0.007 6.59 0.0079 47.54
156 MOLDOVA 4.37 0.0068 5.61 0.0067 28.19
157 BAHAMAS 3.23 0.0051 5.55 0.0066 71.74
158 NETHERLANDANTIL 11.37 0.0178 5.27 0.0063 -53.62
159 ALBANIA 4.95 0.0077 5.23 0.0063 5.71
160 BRUNEI 4.59 0.0072 5.06 0.0061 10.32
161 BOLIVIA 3.7 0.0058 3.96 0.0047 7.01
162 EQUTL GUINEA 0.84 0.0013 3.84 0.0046 355.87
163 CHAD 2.63 0.0041 3.52 0.0042 33.65
164 CONGO D. REP. 11.15 0.0175 2.82 0.0034 -74.67
165 BOSNIA-HRZGOVIN 3.32 0.0052 2.74 0.0033 -17.46
166 LAO PD RP 0.43 0.0007 2.65 0.0032 511.64
167 MACEDONIA 1.65 0.0026 2.6 0.0031 57.27
168 ST PIERRE 2.48 0.003
169 COMOROS 1.95 0.0031 2.44 0.0029 25.1
170 MACAO 4.08 0.0064 2.09 0.0025 -48.62
171 DOMINICA 2.19 0.0034 2.03 0.0024 -7.31
172 BARBADOS 1.18 0.0019 1.74 0.0021 46.79
173 VANUATU REP 0.53 0.0008 1.65 0.002 213.94
174 TIMOR LESTE 1.33 0.0021 1.57 0.0019 17.28
175 VIRGIN IS US 0.92 0.0014 1.55 0.0019 68.23
176 GUADELOUPE 1.31 0.0021 1.36 0.0016 3.78
177 MONGOLIA 0.81 0.0013 1.35 0.0016 66.82
178 AMERI SAMOA 0.26 0.0004 1.27 0.0015 381.65
179 ANTIGUA 4.55 0.0071 1.05 0.0013 -76.96
180 BELIZE 2.75 0.0043 1 0.0012 -63.5
181 GUINEA BISSAU 2.14 0.0033 0.93 0.0011 -56.62
182 C AFRI REP 0.69 0.0011 0.87 0.001 26.38
183 NEW CALEDONIA 1.9 0.003 0.83 0.001 -56.22
184 MONACO 0.34 0.0005 0.74 0.0009 116.49
185 TONGA 0.95 0.0015 0.7 0.0008 -26.21
186 CAYMAN IS 0.48 0.0008 0.67 0.0008 39.37
187 GIBRALTAR 0.75 0.0012 0.65 0.0008 -13.92
188 BERMUDA 0.54 0.0008 0.63 0.0008 18.44
189 CAPE VERDE IS 0.05 0.0001 0.6 0.0007 1,035.35
190 FR POLYNESIA 0.25 0.0004 0.53 0.0006 109.49
191 MARTINIQUE 0.59 0.0009 0.53 0.0006 -9.71
192 ST KITT N A 0.31 0.0005 0.49 0.0006 55.98
193 PANAMA C Z 3.2 0.005 0.48 0.0006 -85.11
194 LIECHTENSTEIN 0.48 0.0007 0.47 0.0006 -0.71
195 ST LUCIA 0.41 0.0006 0.47 0.0006 13.56
196 ARUBA 0.19 0.0003 0.44 0.0005 136.87
197 COCOS IS 1.13 0.0018 0.41 0.0005 -63.65
198 KIRIBATI REP 0.05 0.0001 0.4 0.0005 650.39
199 MONTSERRAT 0.35 0.0005 0.4 0.0005 14.15
200 GUAM 0.98 0.0015 0.38 0.0005 -61.21
201 CHRISTMAS IS. 0.4 0.0006 0.36 0.0004 -7.85
202 MICRONESIA 0.01 0 0.34 0.0004 4,569.94
203 TURKS C IS 17.27 0.0271 0.32 0.0004 -98.17
204 SAMOA 0.39 0.0006 0.27 0.0003 -29.03
205 ANGUILLA 0.47 0.0007 0.27 0.0003 -41.66
 49

206 SOLOMON IS 6.09 0.0095 0.26 0.0003 -95.78

207 ST VINCENT 0.09 0.0001 0.25 0.0003 170.59
208 GRENADA 0.59 0.0009 0.23 0.0003 -60.56
209 TUVALU 0.03 0.0001 0.19 0.0002 473.48
210 ANDORRA 0.06 0.0001 0.18 0.0002 225.83
211 CHANNEL IS 0.95 0.0015 0.15 0.0002 -84.51
212 TOKELAU IS 1.24 0.0019 0.14 0.0002 -88.33
213 FAROE IS. 0.5 0.0008 0.14 0.0002 -71.41
214 FR S ANT TR 0 0 0.14 0.0002 5,356.86
215 BR VIRGN IS 0.34 0.0005 0.11 0.0001 -66.98
216 ST HELENA 0.87 0.0014 0.1 0.0001 -87.95
217 CANARY IS 0.11 0.0002 0.1 0.0001 -7.23
218 SAO TOME 1.77 0.0028 0.1 0.0001 -94.31
219 NORFOLK IS 0.56 0.0009 0.1 0.0001 -82.88
220 WALLIS F IS 0.21 0.0003 0.09 0.0001 -54.87
221 COOK IS 0.1 0.0002 0.08 0.0001 -16.94
222 FR GUIANA 5.84 0.0091 0.08 0.0001 -98.62
223 MARSHALL ISLAND 0.39 0.0006 0.05 0.0001 -86.35
224 PALAU 0.02 0 0.05 0.0001 145.17
225 FALKLAND IS 0.17 0.0003 0.05 0.0001 -73.13
226 HEARD MACDONALD 0.04 0.0001
227 GREENLAND 0.16 0.0003 0.04 0.0001 -72.85
228 N. MARIANA IS. 0.16 0.0002 0.03 0 -81.94
229 PITCAIRN IS. 0.1 0.0002 0.02 0 -78.9
230 NIUE IS 0.13 0.0002 0.02 0 -86.79
231 PACIFIC IS 0.01 0 0.02 0 48.19
232 NAURU RP 0.11 0.0002 0.01 0 -86.27
233 SAHARWI A.DM RP 0.01 0
234 ANTARTICA 0.01 0
India's Total Export 63,842.97 83,535.94 30.85

Exchange rate:
2003-2004: 1US$ = Rs. 45.9513

2004-2005: 1US$ = Rs. 44.9315

Table 2: Export of India Country-wise in US $ Million for the year 2005-2006 to

2006-2007 (up to September), with there share in total export of the country and
growth rate.

2006-2007(Apr-
S.No. Country 2005-2006 %Share %Share
Sep)
1 USA 17,353.06 16.8328 9,385.25 15.3477
2 U ARAB EMTS 8,591.79 8.3342 6,183.81 10.1124
3 SINGAPORE 5,425.29 5.2626 3,504.92 5.7316
 50

4 CHINA P RP 6,759.10 6.5565 3,445.52 5.6345

5 UK 5,059.28 4.9076 2,652.18 4.3371
6 HONG KONG 4,471.32 4.3373 2,242.84 3.6677
7 GERMANY 3,586.12 3.4786 1,917.65 3.1359
8 ITALY 2,519.04 2.4435 1,697.16 2.7754
9 BELGIUM 2,871.23 2.7852 1,605.98 2.6263
10 SOUTH AFRICA 1,526.87 1.4811 1,218.42 1.9925
11 JAPAN 2,481.26 2.4069 1,216.48 1.9893
12 SAUDI ARAB 1,809.77 1.7555 1,182.30 1.9334
13 NETHERLAND 2,474.78 2.4006 1,175.41 1.9222
14 SRI LANKA DSR 2,024.67 1.964 1,147.92 1.8772
15 FRANCE 2,079.59 2.0172 1,075.41 1.7586
16 KOREA RP 1,827.21 1.7724 1,062.19 1.737
17 INDONESIA 1,380.20 1.3388 905.38 1.4806
18 SPAIN 1,605.66 1.5575 881.2 1.441
19 IRAN 1,188.35 1.1527 833.2 1.3625
20 BRAZIL 1,090.61 1.0579 805.55 1.3173
21 BANGLADESH PR 1,664.36 1.6145 801.94 1.3114
22 KENYA 576.54 0.5593 786.17 1.2856
23 PAKISTAN IR 689.23 0.6686 749.85 1.2262
24 THAILAND 1,075.31 1.0431 697.77 1.1411
25 YEMEN REPUBLC 278.81 0.2705 645.49 1.0556
26 ISRAEL 1,201.50 1.1655 642.13 1.0501
27 MALAYSIA 1,161.86 1.127 592.6 0.9691
28 CANADA 1,021.58 0.9909 571.12 0.9339
29 TURKEY 1,010.08 0.9798 475.47 0.7775
30 NEPAL 859.97 0.8342 468.52 0.7662
31 AUSTRALIA 821.23 0.7966 439.63 0.7189
32 NEW ZEALAND 141.9 0.1376 438.32 0.7168
33 NIGERIA 874.03 0.8478 434.68 0.7108
34 RUSSIA 733.15 0.7112 417.24 0.6823
35 VIETNAM SOC REP 690.68 0.67 406.08 0.6641
36 TAIWAN 629.05 0.6102 397.56 0.6501
37 GREECE 564.09 0.5472 330.88 0.5411
38 EGYPT A RP 672.43 0.6523 323.44 0.5289
39 PHILIPPINES 494.66 0.4798 323 0.5282
40 OMAN 408.43 0.3962 303.82 0.4968
41 KUWAIT 513.73 0.4983 298.73 0.4885
42 MAURITIUS 199.43 0.1935 284.32 0.465
43 MEXICO 443.07 0.4298 258.86 0.4233
44 DENMARK 410.28 0.398 227.27 0.3717
45 COLOMBIA 455.02 0.4414 213.15 0.3486
46 SYRIA 276.67 0.2684 211.98 0.3466
47 SWITZERLAND 479.52 0.4651 207.85 0.3399
48 SUDAN 294.65 0.2858 204.57 0.3345
49 ALGERIA 271.39 0.2633 199.33 0.326
50 SWEDEN 326.39 0.3166 176.11 0.288
51 PORTUGAL 260.89 0.2531 174.88 0.286
52 QATAR 259.34 0.2516 155.69 0.2546
53 TANZANIA REP 243.45 0.2362 145.68 0.2382
54 POLAND 226.96 0.2202 145 0.2371
55 GHANA 200.82 0.1948 140.07 0.2291
56 UKRAINE 258.19 0.2504 131.26 0.2147
57 DJIBOUTI 230.36 0.2235 123.23 0.2015
 51

58 ARGENTINA 199.5 0.1935 112.32 0.1837

59 IRELAND 279.77 0.2714 108.06 0.1767
60 IRAQ 155.94 0.1513 100.93 0.165
61 FINLAND 204.69 0.1986 95.86 0.1568
62 CHILE 152.15 0.1476 94.8 0.155
63 JORDAN 184.97 0.1794 89.98 0.1471
64 KOREA DP RP 54.53 0.0529 83.1 0.1359
65 MOROCCO 127.51 0.1237 81.7 0.1336
66 TRINIDAD 66.64 0.0646 79.86 0.1306
67 SENEGAL 93.5 0.0907 79.09 0.1293
68 MOZAMBIQUE 127.54 0.1237 78.52 0.1284
69 AFGHANISTAN TIS 142.67 0.1384 76.93 0.1258
70 CONGO P REP 111.62 0.1083 73.08 0.1195
71 VENEZUELA 94.41 0.0916 71.83 0.1175
72 BAHARAIN IS 192.25 0.1865 70.32 0.115
73 COTE D' IVOIRE 106.14 0.103 70.06 0.1146
74 NORWAY 130.2 0.1263 67.42 0.1103
75 BENIN 96.62 0.0937 67.15 0.1098
76 AUSTRIA 132.47 0.1285 64.86 0.1061
77 ZAMBIA 66.51 0.0645 61.52 0.1006
78 ANGOLA 151.66 0.1471 61.39 0.1004
79 ROMANIA 84.39 0.0819 61.16 0.1
80 PERU 84.26 0.0817 60.82 0.0995
81 MYANMAR 110.7 0.1074 59.34 0.097
82 ETHIOPIA 74.74 0.0725 55.21 0.0903
83 TOGO 91.1 0.0884 54.54 0.0892
84 UGANDA 92.65 0.0899 53.87 0.0881
85 SLOVENIA 76.6 0.0743 49.86 0.0815
86 HONDURAS 34.6 0.0336 49.76 0.0814
87 GUINEA 52.26 0.0507 49.14 0.0804
88 TUNISIA 82.57 0.0801 47.94 0.0784
89 UNSPECIFIED 191.85 0.1861 47.25 0.0773
90 KAZAKHSTAN 90.86 0.0881 44.82 0.0733
91 CZECH REPUBLIC 96.87 0.094 43.78 0.0716
92 LIBYA 103.29 0.1002 43.45 0.071
93 HUNGARY 84.16 0.0816 43.27 0.0708
94 GUATEMALA 45.94 0.0446 42.33 0.0692
95 PANAMA REPUBLIC 63.05 0.0612 40.06 0.0655
96 SOMALIA 39.66 0.0385 36.75 0.0601
97 CAMEROON 34.71 0.0337 35.47 0.058
98 MALI 27.9 0.0271 35.35 0.0578
99 MALDIVES 67.58 0.0656 33.74 0.0552
100 LEBANON 71.84 0.0697 33.19 0.0543
101 FIJI IS 29.06 0.0282 29.56 0.0483
102 CAMBODIA 24.19 0.0235 28.59 0.0467
103 BHUTAN 99.17 0.0962 27.49 0.045
104 ECUADOR 26.2 0.0254 26.41 0.0432
105 CROATIA 29.01 0.0281 24.67 0.0403
106 KYRGHYZSTAN 28.09 0.0273 22.24 0.0364
107 MALAWI 43.63 0.0423 21.64 0.0354
108 LATVIA 28.39 0.0275 20.43 0.0334
109 GEORGIA 34.18 0.0332 19.98 0.0327
110 ZIMBABWE 23.99 0.0233 19.62 0.0321
111 DOMINIC REP 31.79 0.0308 19.4 0.0317
 52

112 LITHUANIA 33.45 0.0324 18.91 0.0309

113 BAHAMAS 9.35 0.0091 17.41 0.0285
114 URUGUAY 27.93 0.0271 16.72 0.0273
115 MADAGASCAR 42.65 0.0414 16.41 0.0268
116 CYPRUS 32.41 0.0314 16.35 0.0267
117 BULGARIA 24.07 0.0233 15.23 0.0249
118 LIBERIA 21.15 0.0205 14.81 0.0242
119 UZBEKISTAN 24.44 0.0237 14.51 0.0237
120 PARAGUAY 16.38 0.0159 13.86 0.0227
121 PUERTO RICO 19.26 0.0187 13.37 0.0219
122 SLOVAK REP 21.41 0.0208 12.19 0.0199
123 LUXEMBOURG 10.67 0.0103 12.13 0.0198
124 TURKMENISTAN 18.83 0.0183 11.91 0.0195
125 CUBA 11.91 0.0116 11.32 0.0185
126 AZERBAIJAN 28.81 0.0279 11.07 0.0181
127 EL SALVADOR 12 0.0116 10.8 0.0177
128 GAMBIA 16.8 0.0163 10.55 0.0172
129 NAMIBIA 14.65 0.0142 10.42 0.017
130 MAURITANIA 45.14 0.0438 10.39 0.017
131 ESTONIA 13.86 0.0134 10.14 0.0166
132 SIERRA LEONE 18.54 0.018 10.1 0.0165
133 HAITI 16.33 0.0158 9.87 0.0161
134 REUNION 14.87 0.0144 9.31 0.0152
135 COSTA RICA 16.06 0.0156 9.21 0.0151
136 JAMAICA 25.86 0.0251 8.76 0.0143
137 CHAD 4.21 0.0041 8.72 0.0143
138 MALTA 121.31 0.1177 8.25 0.0135
139 BURKINA FASO 19.93 0.0193 8.1 0.0132
140 NETHERLANDANTIL 10.94 0.0106 8.08 0.0132
141 NICARAGUA 10.63 0.0103 7.95 0.013
142 ICELAND 13.05 0.0127 7.74 0.0127
143 SURINAME 15.67 0.0152 7.3 0.0119
144 NIGER 22.25 0.0216 7.17 0.0117
145 GABON 16.58 0.0161 7.13 0.0117
146 SEYCHELLES 10.62 0.0103 6.72 0.011
147 PAPUA N GNA 9.21 0.0089 6.21 0.0101
148 BOTSWANA 10.78 0.0105 6.14 0.01
149 ARMENIA 7.19 0.007 6.04 0.0099
150 RWANDA 10.64 0.0103 5.97 0.0098
151 BELARUS 12.22 0.0119 5.77 0.0094
152 GUYANA 11.15 0.0108 5.25 0.0086
153 UNION OF SERBIA 8.36 0.0081 4.31 0.0071
& MONTENEGRO
154 BRUNEI 42.94 0.0417 4.17 0.0068
155 ERITREA 8.18 0.0079 3.97 0.0065
156 TAJIKISTAN 6.24 0.0061 3.47 0.0057
157 BOLIVIA 6.55 0.0064 3.45 0.0056
158 BURUNDI 10.73 0.0104 3.39 0.0055
159 ST PIERRE 1.6 0.0016 3.36 0.0055
160 MACEDONIA 3.93 0.0038 3 0.0049
161 SWAZILAND 5.24 0.0051 2.58 0.0042
162 COMOROS 5.1 0.0049 2.49 0.0041
163 MOLDOVA 5.43 0.0053 2.44 0.004
164 LESOTHO 12.77 0.0124 2.28 0.0037
 53

165 EQUTL GUINEA 6.44 0.0062 2.17 0.0035

166 NEW CALEDONIA 1.19 0.0012 1.95 0.0032
167 ALBANIA 5.61 0.0054 1.89 0.0031
168 C AFRI REP 1.39 0.0014 1.84 0.003
169 DOMINICA 2.62 0.0025 1.77 0.0029
170 BARBADOS 2.31 0.0022 1.67 0.0027
171 MONGOLIA 1.17 0.0011 1.44 0.0024
172 BOSNIA-HRZGOVIN 1.33 0.0013 1.33 0.0022
173 LAO PD RP 5.47 0.0053 1.11 0.0018
174 BELIZE 2.67 0.0026 1.09 0.0018
175 VANUATU REP 1.84 0.0018 0.99 0.0016
176 MACAO 2.46 0.0024 0.89 0.0014
177 ANTIGUA 1.13 0.0011 0.79 0.0013
178 ANGUILLA 0.12 0.0001 0.79 0.0013
179 ST HELENA 0.78 0.0008 0.78 0.0013
180 FR POLYNESIA 0.76 0.0007 0.74 0.0012
181 CONGO D. REP. 2.03 0.002 0.72 0.0012
182 GUADELOUPE 1.12 0.0011 0.67 0.0011
183 MONACO 0.38 0.0004 0.65 0.0011
184 MARTINIQUE 0.84 0.0008 0.58 0.0009
185 BERMUDA 0.33 0.0003 0.53 0.0009
186 VIRGIN IS US 0.63 0.0006 0.51 0.0008
187 GRENADA 0.87 0.0008 0.44 0.0007
188 ST LUCIA 0.73 0.0007 0.39 0.0006
189 GIBRALTAR 0.34 0.0003 0.38 0.0006
190 TIMOR LESTE 0.39 0.0004 0.35 0.0006
191 MARSHALL ISLAND 0.21 0.0002 0.35 0.0006
192 PANAMA C Z 4.53 0.0044 0.34 0.0006
193 ST KITT N A 0.41 0.0004 0.32 0.0005
194 LIECHTENSTEIN 0.34 0.0003 0.28 0.0005
195 FAROE IS. 0.22 0.0002 0.25 0.0004
196 KIRIBATI REP 0.09 0.0001 0.23 0.0004
197 WALLIS F IS 0.09 0.0001 0.23 0.0004
198 ST VINCENT 0.41 0.0004 0.23 0.0004
199 TURKS C IS 0.41 0.0004 0.22 0.0004
200 SAO TOME 0.41 0.0004 0.22 0.0004
201 TONGA 0.44 0.0004 0.17 0.0003
202 CAYMAN IS 0.39 0.0004 0.17 0.0003
203 GUINEA BISSAU 0.74 0.0007 0.15 0.0003
204 CHANNEL IS 0.11 0.0001 0.15 0.0002
205 CAPE VERDE IS 0.15 0.0001 0.14 0.0002
206 BR VIRGN IS 0.67 0.0006 0.14 0.0002
207 TOKELAU IS 0.07 0.0001 0.13 0.0002
208 SAMOA 0.36 0.0003 0.12 0.0002
209 GUAM 0.35 0.0003 0.11 0.0002
210 ARUBA 0.62 0.0006 0.11 0.0002
211 ANDORRA 0.09 0.0001 0.09 0.0002
212 MONTSERRAT 0.25 0.0002 0.09 0.0001
213 NORFOLK IS 0.09 0.0001 0.09 0.0001
214 SOLOMON IS 0.22 0.0002 0.08 0.0001
215 NIUE IS 0 0 0.08 0.0001
216 FR GUIANA 0.05 0 0.07 0.0001
217 AMERI SAMOA 0.29 0.0003 0.05 0.0001
218 COCOS IS 0.19 0.0002 0.05 0.0001
 54

219 CANARY IS 41.39 0.0401 0.05 0.0001

220 PITCAIRN IS. 0 0 0.03 0.0001
221 FR S ANT TR 12.87 0.0125 0.03 0
222 N. MARIANA IS. 0.05 0.0001 0.02 0
223 CHRISTMAS IS. 0.08 0.0001 0.02 0
224 PALAU 0.07 0.0001 0.02 0
225 NAURU RP 0.01 0 0.01 0
226 HEARD 0.05 0.0001 0.01 0
MACDONALD
227 MICRONESIA 0.01 0 0 0
228 COOK IS 0.09 0.0001 0 0
229 FALKLAND IS 0.03 0 0 0
230 GREENLAND 3.37 0.0033 0 0
231 ANTARTICA 0.05 0
232 NEUTRAL ZONE 0.06 0.0001
233 SAHARWI A.DM RP 0.01 0
234 TUVALU 0.14 0.0001
India's Total Export 103,090.54 61,150.85

Exchange rate:
2005-2006: 1US$ = Rs. 44.2735

2006-2007(Apr-Sep): 1US$ = Rs. 45.9206

 55

Table 3: Import of India Country-wise for the year 2003-2004 to 2004-2005 in US

$ Million with there share in total import and there growth rate

S.No. Country 2003-2004 %Share 2004-2005 %Share %Growth

1 UNSPECIFIED 20,753.83 26.5565 25,978.91 23.2958 25.18
2 CHINA 4,053.23 5.1865 7,097.98 6.3649 75.12
3 USA 5,034.86 6.4426 7,001.35 6.2783 39.06
4 SWITZERLAND 3,312.75 4.239 5,939.93 5.3265 79.31
5 UAE 2,059.85 2.6358 4,641.10 4.1618 125.31
6 BELGIUM 3,975.92 5.0876 4,588.91 4.115 15.42
7 Trade to Unspecified 4,382.89 3.9302
Countries
8 GERMANY 2,918.58 3.7346 4,015.35 3.6006 37.58
9 AUSTRALIA 2,649.24 3.39 3,824.53 3.4295 44.36
10 UK 3,234.35 4.1387 3,566.20 3.1979 10.26
11 KOREA RP 2,829.19 3.6202 3,508.77 3.1464 24.02
12 JAPAN 2,667.69 3.4136 3,235.13 2.901 21.27
13 SINGAPORE 2,085.38 2.6684 2,651.40 2.3776 27.14
14 INDONESIA 2,122.08 2.7154 2,617.74 2.3474 23.36
15 MALAYSIA 2,046.56 2.6188 2,299.01 2.0616 12.34
16 SOUTH AFRICA 1,899.20 2.4302 2,197.67 1.9707 15.72
17 FRANCE 1,090.23 1.3951 1,894.10 1.6985 73.73
18 HONG KONG 1,492.69 1.91 1,730.13 1.5514 15.91
19 ITALY 1,071.04 1.3705 1,373.10 1.2313 28.2
20 RUSSIA 959.63 1.2279 1,322.74 1.1861 37.84
21 SAUDI ARAB 737.77 0.944 1,301.15 1.1668 76.36
22 TAIWAN 768.95 0.9839 1,092.07 0.9793 42.02
23 ISRAEL 669.76 0.857 988.11 0.8861 47.53
24 SWEDEN 698.79 0.8942 937.33 0.8405 34.14
25 THAILAND 609.06 0.7793 865.88 0.7764 42.17
26 BRAZIL 313.52 0.4012 792.4 0.7106 152.74
27 NETHERLAND 535.56 0.6853 791.46 0.7097 47.78
28 CANADA 725.89 0.9288 775.72 0.6956 6.86
29 QATAR 187.05 0.2394 672.85 0.6034 259.71
30 ARGENTINA 523.97 0.6705 539.59 0.4839 2.98
31 UKRAINE 235.15 0.3009 538.67 0.483 129.07
32 IRAN 266.83 0.3414 410.21 0.3678 53.74
33 MYANMAR 409.01 0.5234 405.91 0.364 -0.76
34 SPAIN 258.78 0.3311 389.55 0.3493 50.53
35 FINLAND 270.09 0.3456 388.81 0.3487 43.95
36 SRI LANKA DSR 194.74 0.2492 378.4 0.3393 94.31
37 MOROCCO 255.61 0.3271 362.16 0.3248 41.69
38 JORDAN 230.27 0.2947 355.89 0.3191 54.55
39 NEPAL 286.04 0.366 345.83 0.3101 20.9
40 CHILE 156.74 0.2006 345.57 0.3099 120.48
41 KUWAIT 142.48 0.1823 305.94 0.2743 114.72
42 DENMARK 225.6 0.2887 270.22 0.2423 19.78
43 AUSTRIA 201.67 0.2581 262.34 0.2352 30.08
44 NORWAY 303.02 0.3877 235.08 0.2108 -22.42
45 PHILIPPINES 122.11 0.1563 187.39 0.168 53.46
46 IRELAND 131.13 0.1678 183.15 0.1642 39.66
47 SENEGAL 144.96 0.1855 181.2 0.1625 25
 56

48 CZECH REPUBLIC 111.84 0.1431 175.34 0.1572 56.78

49 ROMANIA 71.93 0.092 168.44 0.151 134.19
50 COTE D' IVOIRE 99.77 0.1277 160.09 0.1436 60.45
51 EGYPT A RP 98.21 0.1257 152.64 0.1369 55.43
52 TURKEY 73.32 0.0938 134.92 0.121 84.02
53 TANZANIA REP 109.32 0.1399 131.65 0.1181 20.43
54 NEW ZEALAND 78.89 0.1009 127.96 0.1147 62.2
55 BAHARAIN IS 74.52 0.0954 121.87 0.1093 63.54
56 PAPUA N GNA 0.95 0.0012 95.2 0.0854 9,936.10
57 PAKISTAN IR 57.65 0.0738 94.97 0.0852 64.75
58 TUNISIA 64.71 0.0828 94.94 0.0851 46.72
59 PANAMA REPUBLIC 7.99 0.0102 90.87 0.0815 1,037.30
60 POLAND 49.05 0.0628 90.37 0.081 84.22
61 VIETNAM SOC REP 38.21 0.0489 86.5 0.0776 126.35
62 MEXICO 73.89 0.0946 82.62 0.0741 11.82
63 BENIN 53.19 0.0681 79.79 0.0715 50
64 BHUTAN 52.37 0.067 71 0.0637 35.58
65 GUINEA BISSAU 52.46 0.0671 70.87 0.0635 35.09
66 BANGLADESH PR 77.63 0.0993 59.37 0.0532 -23.52
67 GHANA 32.93 0.0421 51.28 0.046 55.71
68 NIGERIA 75.64 0.0968 48.4 0.0434 -36.02
69 AFGHANISTAN TIS 40.51 0.0518 47.01 0.0422 16.03
70 KENYA 41.93 0.0537 46.73 0.0419 11.43
71 TOGO 20.67 0.0264 46.03 0.0413 122.75
72 BAHAMAS 0.07 0.0001 45.4 0.0407 67,584.61
73 LIBERIA 4.03 0.0052 45.02 0.0404 1,016.52
74 GABON 22.45 0.0287 42.8 0.0384 90.69
75 MOZAMBIQUE 23.62 0.0302 41.56 0.0373 75.98
76 MALTA 0.93 0.0012 36.86 0.0331 3,872.73
77 PERU 29.91 0.0383 36.35 0.0326 21.52
78 COSTA RICA 25.61 0.0328 35.47 0.0318 38.48
79 HUNGARY 27.32 0.035 31.53 0.0283 15.39
80 UZBEKISTAN 27.7 0.0354 31.46 0.0282 13.58
81 YEMEN REPUBLC 29.76 0.0381 30.82 0.0276 3.58
82 GUINEA 4.25 0.0054 27.59 0.0247 548.53
83 ZIMBABWE 16.42 0.021 27.15 0.0243 65.31
84 GREECE 47.09 0.0603 23.82 0.0214 -49.43
85 ZAMBIA 18.55 0.0237 22.96 0.0206 23.79
86 ECUADOR 5.84 0.0075 22.94 0.0206 292.89
87 SLOVAK REP 10.62 0.0136 22.89 0.0205 115.52
88 SUDAN 31.22 0.0399 22.88 0.0205 -26.71
89 CONGO P REP 5.28 0.0068 21.97 0.0197 316.47
90 SLOVENIA 60.85 0.0779 21.45 0.0192 -64.75
91 OMAN 50.88 0.0651 20.61 0.0185 -59.49
92 LEBANON 7.68 0.0098 20.46 0.0184 166.55
93 PORTUGAL 13.87 0.0177 18.94 0.017 36.61
94 BULGARIA 11.14 0.0143 17.96 0.0161 61.22
95 LITHUANIA 10.8 0.0138 17.64 0.0158 63.29
96 GEORGIA 5.43 0.0069 15.42 0.0138 183.9
97 KAZAKHSTAN 9.26 0.0119 15.39 0.0138 66.18
98 COLOMBIA 10.47 0.0134 14.17 0.0127 35.35
99 TRINIDAD 7.36 0.0094 13.95 0.0125 89.54
100 LIBYA 10.38 0.0133 13.6 0.0122 30.99
101 MALI 31.24 0.04 13.07 0.0117 -58.14
 57

102 BELARUS 6.74 0.0086 12.32 0.0111 82.79

103 CAMEROON 10.3 0.0132 11.71 0.0105 13.74
104 GAMBIA 3.77 0.0048 11.52 0.0103 205.61
105 TURKMENISTAN 9.34 0.0119 10.87 0.0097 16.37
106 ETHIOPIA 7.54 0.0096 10.26 0.0092 36.11
107 LUXEMBOURG 44.4 0.0568 9.69 0.0087 -78.17
108 KOREA DP RP 1.08 0.0014 9.33 0.0084 765.67
109 NEW CALEDONIA 11.26 0.0144 9.18 0.0082 -18.45
110 PANAMA C Z 0.53 0.0007 8.75 0.0078 1,557.14
111 BURKINA FASO 10.45 0.0134 8.44 0.0076 -19.27
112 MADAGASCAR 5.05 0.0065 7.97 0.0071 57.81
113 AZERBAIJAN 3.02 0.0039 7.71 0.0069 155.09
114 SOMALIA 9.68 0.0124 7.47 0.0067 -22.8
115 MAURITIUS 7.54 0.0097 7.19 0.0064 -4.73
116 GUYANA 11.93 0.0153 7.17 0.0064 -39.93
117 UGANDA 2.05 0.0026 6.6 0.0059 222.25
118 ALGERIA 4.47 0.0057 6.31 0.0057 41.17
119 MALAWI 4.98 0.0064 5.08 0.0046 2.07
120 PUERTO RICO 0.39 0.0005 4.97 0.0045 1,175.63
121 CYPRUS 2.6 0.0033 4.83 0.0043 85.74
122 UNION OF SERBIA 3.64 0.0047 4.25 0.0038 16.9
& MONTENEGRO
123 TAJIKISTAN 3.95 0.0051 4.09 0.0037 3.37
124 URUGUAY 10.22 0.0131 4.05 0.0036 -60.35
125 VENEZUELA 2.51 0.0032 4.02 0.0036 60.06
126 SYRIA 4.65 0.0059 3.82 0.0034 -17.89
127 REUNION 1.26 0.0016 3.44 0.0031 172.53
128 SWAZILAND 1.69 0.0022 3.14 0.0028 85.85
129 DJIBOUTI 1.19 0.0015 3.12 0.0028 161.24
130 PARAGUAY 0.75 0.001 2.77 0.0025 270.86
131 DOMINIC REP 1.74 0.0022 2.76 0.0025 58.18
132 JAMAICA 0.92 0.0012 2.65 0.0024 188.65
133 CONGO D. REP. 0.09 0.0001 2.54 0.0023 2,592.43
134 ST VINCENT 1.95 0.0025 2.3 0.0021 17.92
135 ICELAND 9.53 0.0122 2.3 0.0021 -75.92
136 SIERRA LEONE 6.47 0.0083 2.27 0.002 -64.83
137 CROATIA 7.45 0.0095 2.06 0.0018 -72.4
138 EL SALVADOR 1.09 0.0014 1.83 0.0016 68.22
139 CUBA 1.85 0.0024 1.73 0.0015 -6.5
140 NAURU RP 3.66 0.0047 1.69 0.0015 -53.87
141 CHAD 3.44 0.0044 1.56 0.0014 -54.63
142 BERMUDA 1.3 0.0012
143 MAURITANIA 0.03 0 1.28 0.0011 3,850.11
144 IRAQ 0.14 0.0002 1.12 0.001 711.18
145 LATVIA 0.43 0.0005 1.1 0.001 159.59
146 GUATEMALA 0.2 0.0003 1.06 0.001 441.52
147 HAITI 0.48 0.0006 1.02 0.0009 112.95
148 ERITREA 0.25 0.0003 0.99 0.0009 300.67
149 SURINAME 0.51 0.0007 0.96 0.0009 87.26
150 MONACO 0.01 0 0.94 0.0008 9,673.62
151 ANGOLA 0.91 0.0008
152 ARMENIA 0.66 0.0008 0.78 0.0007 17.63
153 EQUTL GUINEA 0.26 0.0003 0.72 0.0006 177.09
154 NIGER 2.21 0.0028 0.72 0.0006 -67.25
 58

155 RWANDA 0.72 0.0006

156 ESTONIA 0.24 0.0003 0.72 0.0006 200
157 GUADELOUPE 0.71 0.0006
158 KYRGHYZSTAN 0.54 0.0007 0.63 0.0006 15.04
159 MALDIVES 0.37 0.0005 0.61 0.0005 63.32
160 SEYCHELLES 0.07 0.0001 0.58 0.0005 751.6
161 BRUNEI 0.34 0.0004 0.54 0.0005 59.89
162 LIECHTENSTEIN 0.02 0 0.51 0.0005 3,165.53
163 BURUNDI 0.3 0.0004 0.43 0.0004 43.34
164 BOTSWANA 0.05 0.0001 0.42 0.0004 685.36
165 DOMINICA 0.11 0.0001 0.34 0.0003 217.18
166 FIJI IS 1.71 0.0022 0.3 0.0003 -82.39
167 SOLOMON IS 2.25 0.0029 0.29 0.0003 -86.89
168 C AFRI REP 0.12 0.0002 0.26 0.0002 108.62
169 CAMBODIA 0.28 0.0004 0.24 0.0002 -12.65
170 HONDURAS 0.23 0.0002
171 GUAM 0.21 0.0002
172 BOLIVIA 1.73 0.0022 0.21 0.0002 -87.65
173 MONGOLIA 0.74 0.001 0.21 0.0002 -72.38
174 VANUATU REP 13.63 0.0174 0.2 0.0002 -98.51
175 NICARAGUA 0.34 0.0004 0.2 0.0002 -41.21
176 WALLIS F IS 0.16 0.0001
177 COMOROS 0.48 0.0006 0.15 0.0001 -69.13
178 MOLDOVA 0.04 0.0001 0.15 0.0001 257.77
179 BOSNIA-HRZGOVIN 2.04 0.0026 0.12 0.0001 -94.01
180 ST PIERRE 0.01 0 0.1 0.0001 866.3
181 NORFOLK IS 0.09 0.0001
182 MACEDONIA 0.05 0.0001 0.08 0.0001 54.85
183 FR S ANT TR 0.08 0.0001
184 VIRGIN IS US 0.12 0.0002 0.07 0.0001 -42.22
185 AMERI SAMOA 0 0 0.05 0 1,029.41
186 LAO PD RP 0.13 0.0002 0.05 0 -59.65
187 NAMIBIA 0.1 0.0001 0.05 0 -51.09
188 ST HELENA 0.01 0 0.04 0 349.38
189 GRENADA 0.12 0.0002 0.04 0 -70.38
190 ALBANIA 0.02 0 0.03 0 106.94
191 MONTSERRAT 0.02 0 0.02 0 27.53
192 ANDORRA 0 0 0.02 0 892.45
193 ARUBA 0.02 0
194 TIMOR LESTE 0.02 0 0.01 0 -38.12
195 GREENLAND 0 0 0.01 0 2,021.15
196 BARBADOS 0.05 0.0001 0.01 0 -80.9
197 BELIZE 0.01 0
198 MICRONESIA 0 0 0.01 0 1,908.05
199 FR POLYNESIA 0.01 0
200 ANTIGUA 0.46 0.0006 0.01 0 -98.61
201 CAYMAN IS 0 0
202 GIBRALTAR 0 0
203 MARTINIQUE 0.01 0 0 0 -53.69
204 TOKELAU IS 0 0
205 BR VIRGN IS 0 0 0 0 78.92
206 PITCAIRN IS. 0 0
207 MARSHALL ISLAND 10.63 0.0136 0 0 -99.99
208 MACAO 2.43 0.0031 0 0 -99.99
 59

209 NETHERLANDANTIL 0.2 0.0003

210 LESOTHO 0.01 0
211 KIRIBATI REP 0.17 0.0002
212 CHRISTMAS IS. 0.04 0
213 SAMOA 0.01 0
214 TONGA 0.81 0.001
215 TURKS C IS 0.01 0
216 TUVALU 0 0
India's Total Import 78,149.61 111,517.44 42.7

Exchange rate:
2003-2004: 1US$ = Rs. 45.9513

2004-2005: 1US$ = Rs. 44.9315

 60

Table 4: Import of India Country-wise for the year 2005-2006 to 2006-2007 (up
to Sep.) in US $ Million with there share in the total import of the country and
growth rate.

2006-2007(Apr-
S.No. Country 2005-2006 %Share %Share
Sep)
1 CHINA 10,868.05 7.2859 7,991.95 9.146
2 SAUDI ARAB 1,632.34 1.0943 7,193.43 8.2322
3 USA 9,454.74 6.3384 5,066.65 5.7983
4 U ARAB EMTS 4,354.08 2.919 4,422.37 5.061
5 SWITZERLAND 6,555.80 4.395 3,933.64 4.5017
6 NIGERIA 72.46 0.0486 3,891.39 4.4533
7 IRAN 702.46 0.4709 3,824.82 4.3771
8 GERMANY 6,023.63 4.0382 3,586.45 4.1043
9 AUSTRALIA 4,947.91 3.3171 3,398.68 3.8895
10 IRAQ 2.05 0.0014 2,969.50 3.3983
11 KUWAIT 461.85 0.3096 2,892.07 3.3097
12 SINGAPORE 3,353.77 2.2484 2,698.23 3.0879
13 MALAYSIA 2,415.61 1.6194 2,562.51 2.9325
14 KOREA RP 4,563.85 3.0596 2,400.91 2.7476
15 JAPAN 4,061.10 2.7225 2,144.93 2.4547
16 BELGIUM 4,725.14 3.1677 1,950.80 2.2325
17 UK 3,930.30 2.6349 1,911.99 2.1881
18 INDONESIA 3,008.11 2.0166 1,760.63 2.0149
19 SOUTH AFRICA 2,471.80 1.6571 1,288.74 1.4748
20 ITALY 1,855.63 1.244 1,248.17 1.4284
21 HONG KONG 2,206.98 1.4795 1,221.42 1.3978
22 QATAR 901.62 0.6044 1,123.71 1.286
23 YEMEN REPUBLC 10 0.0067 1,109.86 1.2701
24 FRANCE 4,113.30 2.7575 974.73 1.1155
25 EGYPT A RP 220.44 0.1478 935.22 1.0703
26 SWEDEN 1,172.20 0.7858 898.4 1.0281
27 RUSSIA 2,022.19 1.3557 869.42 0.995
28 TAIWAN 1,382.96 0.9271 813.59 0.9311
29 THAILAND 1,211.58 0.8122 812.33 0.9296
30 CHILE 434.5 0.2913 778.93 0.8914
31 CANADA 919.87 0.6167 574.04 0.6569
32 ARGENTINA 754.04 0.5055 541.83 0.6201
33 UKRAINE 792.39 0.5312 521.78 0.5971
34 NETHERLAND 1,049.55 0.7036 512.35 0.5863
35 ISRAEL 1,031.19 0.6913 497.1 0.5689
36 MYANMAR 525.96 0.3526 395.44 0.4525
37 BRAZIL 893.06 0.5987 377.17 0.4316
38 FINLAND 583.48 0.3912 315.24 0.3608
39 KOREA DP RP 56.57 0.0379 309.26 0.3539
40 SPAIN 573.46 0.3844 302.38 0.346
41 OMAN 265.59 0.178 279.69 0.3201
42 MEXICO 97.61 0.0654 268.31 0.3071
43 SRI LANKA DSR 577.7 0.3873 265.51 0.3039
44 MOROCCO 456.37 0.3059 250.58 0.2868
45 UNSPECIFIED 24,807.23 16.6307 233.03 0.2667
46 JORDAN 442.33 0.2965 232.78 0.2664
 61

47 BAHARAIN IS 189.56 0.1271 225.87 0.2585

48 PAPUA N GNA 64.12 0.043 208.13 0.2382
49 GUINEA 22.25 0.0149 192.81 0.2207
50 AUSTRIA 344.02 0.2306 192 0.2197
51 DENMARK 515.94 0.3459 187.26 0.2143
52 NORWAY 289.34 0.194 186.19 0.2131
53 ALGERIA 14.65 0.0098 176.94 0.2025
54 CZECH REPUBLIC 260.38 0.1746 175.74 0.2011
55 IRELAND 161.91 0.1085 174.14 0.1993
56 VENEZUELA 9.55 0.0064 153 0.1751
57 PAKISTAN IR 179.56 0.1204 148.61 0.1701
58 NEW ZEALAND 216.63 0.1452 143.36 0.1641
59 NEPAL 379.85 0.2546 140.46 0.1607
60 COTE D' IVOIRE 193.92 0.13 136.7 0.1564
61 BANGLADESH PR 127.03 0.0852 128.31 0.1468
62 BRUNEI 0.88 0.0006 128.18 0.1467
63 ANGOLA 3.25 0.0022 125.86 0.144
64 ROMANIA 270.12 0.1811 111.46 0.1276
65 PHILIPPINES 235.49 0.1579 100.42 0.1149
66 TURKEY 193.8 0.1299 98.71 0.113
67 PANAMA REPUBLIC 247.44 0.1659 94.95 0.1087
68 TUNISIA 101.15 0.0678 91.46 0.1047
69 VIETNAM SOC REP 131.39 0.0881 89.61 0.1026
70 PERU 23.06 0.0155 77.54 0.0887
71 GEORGIA 19.87 0.0133 69.47 0.0795
72 ZAMBIA 40.56 0.0272 67.59 0.0774
73 BENIN 77.47 0.0519 59.17 0.0677
74 POLAND 107.81 0.0723 56.29 0.0644
75 BHUTAN 88.77 0.0595 55.06 0.063
76 LIBYA 11.94 0.008 53.01 0.0607
77 GHANA 78.93 0.0529 50.63 0.0579
78 AMERI SAMOA 0.29 0.0002 48.24 0.0552
79 SUDAN 32.62 0.0219 47.69 0.0546
80 TOGO 79.26 0.0531 45.86 0.0525
81 KAZAKHSTAN 26.3 0.0176 33.57 0.0384
82 SWAZILAND 23.63 0.0158 32.78 0.0375
83 SYRIA 5.13 0.0034 30.21 0.0346
84 COLOMBIA 9.36 0.0063 30.09 0.0344
85 GREECE 56.37 0.0378 29.11 0.0333
86 CONGO P REP 43.94 0.0295 28.77 0.0329
87 KENYA 48.52 0.0325 27.92 0.032
88 AFGHANISTAN TIS 58.42 0.0392 27.01 0.0309
89 GUINEA BISSAU 96.13 0.0644 26.45 0.0303
90 CROATIA 29.49 0.0198 25.5 0.0292
91 BELARUS 37.86 0.0254 25.29 0.0289
92 LUXEMBOURG 16.1 0.0108 23.91 0.0274
93 COSTA RICA 37.86 0.0254 23.2 0.0265
94 HUNGARY 31.62 0.0212 22.57 0.0258
95 SLOVENIA 23.61 0.0158 21.29 0.0244
96 ECUADOR 20.33 0.0136 18.79 0.0215
97 BR VIRGN IS 0.19 0.0001 18.51 0.0212
98 BULGARIA 24.06 0.0161 18.1 0.0207
99 SENEGAL 292.56 0.1961 17.74 0.0203
100 TANZANIA REP 119.76 0.0803 17.67 0.0202
 62

101 GABON 42.09 0.0282 17.56 0.0201

102 ESTONIA 9.02 0.006 16.35 0.0187
103 ZIMBABWE 25.55 0.0171 15.93 0.0182
104 LITHUANIA 28.96 0.0194 15.26 0.0175
105 GAMBIA 12.9 0.0086 14.41 0.0165
106 PORTUGAL 30.25 0.0203 14.07 0.0161
107 NEW CALEDONIA 3.11 0.0021 11.5 0.0132
108 UZBEKISTAN 26.13 0.0175 11.03 0.0126
109 TURKMENISTAN 12.35 0.0083 9.52 0.0109
110 SLOVAK REP 39.86 0.0267 9.5 0.0109
111 SOMALIA 11.56 0.0077 9.36 0.0107
112 CYPRUS 25.53 0.0171 9.21 0.0105
113 GUYANA 21.25 0.0142 9.06 0.0104
114 MOZAMBIQUE 50.61 0.0339 8.31 0.0095
115 CONGO D. REP. 14.21 0.0095 8.12 0.0093
116 BAHAMAS 0.21 0.0001 8.1 0.0093
117 MADAGASCAR 16.36 0.011 6.59 0.0075
118 TAJIKISTAN 5.89 0.0039 6.49 0.0074
119 MAURITIUS 7.33 0.0049 5.95 0.0068
120 LEBANON 18.51 0.0124 5.29 0.0061
121 BELIZE 0.03 0 4.95 0.0057
122 NIGER 0.76 0.0005 4.59 0.0053
123 AZERBAIJAN 5.86 0.0039 4.18 0.0048
124 LIBERIA 126.65 0.0849 4.12 0.0047
125 MALTA 15.83 0.0106 4.1 0.0047
126 ETHIOPIA 8.52 0.0057 3.98 0.0046
127 URUGUAY 4.04 0.0027 3.53 0.004
128 ICELAND 6.32 0.0042 2.97 0.0034
129 LATVIA 10.13 0.0068 2.94 0.0034
130 NAMIBIA 20.77 0.0139 2.8 0.0032
131 CAMEROON 12.23 0.0082 2.76 0.0032
132 BURKINA FASO 2.69 0.0018 2.69 0.0031
133 REUNION 3.31 0.0022 2.68 0.0031
134 PUERTO RICO 7.31 0.0049 2.63 0.003
135 UGANDA 2.84 0.0019 2 0.0023
136 MONGOLIA 1.62 0.0011 1.65 0.0019
137 PARAGUAY 4.21 0.0028 1.6 0.0018
138 MALDIVES 1.98 0.0013 1.48 0.0017
139 ST PIERRE 3.56 0.0024 1.48 0.0017
140 SIERRA LEONE 3.56 0.0024 1.34 0.0015
141 DOMINIC REP 5.34 0.0036 1.25 0.0014
142 EL SALVADOR 2.06 0.0014 1.23 0.0014
143 HONDURAS 0.31 0.0002 1.08 0.0012
144 SAMOA 0.06 0 1.08 0.0012
145 UNION OF SERBIA & 1.95 0.0013 0.97 0.0011
MONTENEGRO
146 DJIBOUTI 3.35 0.0022 0.92 0.0011
147 MALI 2.57 0.0017 0.9 0.001
148 SURINAME 6.48 0.0043 0.84 0.001
149 BOLIVIA 0.94 0.0006 0.81 0.0009
150 RWANDA 0.04 0 0.7 0.0008
151 NETHERLANDANTIL 0.06 0 0.64 0.0007
152 GUATEMALA 1.83 0.0012 0.62 0.0007
153 MAURITANIA 1.02 0.0007 0.59 0.0007
 63

154 KYRGHYZSTAN 1.47 0.001 0.59 0.0007

155 TIMOR LESTE 0.04 0 0.58 0.0007
156 NAURU RP 0.18 0.0001 0.56 0.0006
157 CUBA 3.32 0.0022 0.53 0.0006
158 BERMUDA 0.04 0 0.52 0.0006
159 MALAWI 1.8 0.0012 0.49 0.0006
160 ARMENIA 2.08 0.0014 0.48 0.0006
161 COMOROS 3.88 0.0026 0.35 0.0004
162 LAO PD RP 0.1 0.0001 0.33 0.0004
163 SEYCHELLES 1.15 0.0008 0.29 0.0003
164 ST VINCENT 74.24 0.0498 0.28 0.0003
165 SOLOMON IS 2.77 0.0019 0.27 0.0003
166 JAMAICA 2.14 0.0014 0.26 0.0003
167 CAMBODIA 0.78 0.0005 0.23 0.0003
168 MACEDONIA 3.84 0.0026 0.22 0.0002
169 CAPE VERDE IS 0 0 0.2 0.0002
170 VANUATU REP 48.1 0.0322 0.2 0.0002
171 NIUE IS 0.19 0.0002
172 BOSNIA-HRZGOVIN 0.39 0.0003 0.17 0.0002
173 TRINIDAD 1.82 0.0012 0.17 0.0002
174 GUAM 1.18 0.0008 0.17 0.0002
175 MONACO 0.09 0.0001 0.15 0.0002
176 C AFRI REP 0.37 0.0002 0.15 0.0002
177 FR GUIANA 0.4 0.0003 0.14 0.0002
178 LIECHTENSTEIN 0.79 0.0005 0.14 0.0002
179 FIJI IS 0.85 0.0006 0.13 0.0001
180 MOLDOVA 0.21 0.0001 0.11 0.0001
181 EQUTL GUINEA 0.07 0 0.1 0.0001
182 ERITREA 0.99 0.0007 0.1 0.0001
183 ST HELENA 0.49 0.0003 0.1 0.0001
184 GRENADA 0.16 0.0001 0.06 0.0001
185 ANTIGUA 0.12 0.0001 0.06 0.0001
186 BARBADOS 0.04 0 0.06 0.0001
187 TURKS C IS 3.5 0.0023 0.05 0.0001
188 VIRGIN IS US 0.37 0.0002 0.05 0.0001
189 MONTSERRAT 0.06 0 0.05 0.0001
190 HAITI 0.29 0.0002 0.04 0
191 NICARAGUA 5.49 0.0037 0.04 0
192 TONGA 0.11 0.0001 0.04 0
193 CHAD 0.07 0 0.04 0
194 ALBANIA 0.19 0.0001 0.04 0
195 KIRIBATI REP 0.03 0
196 GREENLAND 0 0 0.03 0
197 BOTSWANA 0.14 0.0001 0.02 0
198 DOMINICA 0.17 0.0001 0.02 0
199 MICRONESIA 0.02 0
200 FAROE IS. 0.02 0 0.01 0
201 GIBRALTAR 0.36 0.0002 0.01 0
202 FR POLYNESIA 0.02 0 0.01 0
203 TOKELAU IS 0.03 0 0.01 0
204 ANDORRA 0.01 0
205 ST KITT N A 0.01 0 0 0
206 WALLIS F IS 0 0 0 0
207 ST LUCIA 0.01 0 0 0
 64

208 COOK IS 0.01 0 0 0

209 MARSHALL ISLAND 178.97 0.12 0 0
210 GUADELOUPE 0.26 0.0002 0 0
211 MACAO 0.16 0.0001 0 0
212 CAYMAN IS 0.02 0 0 0
213 MARTINIQUE 0.04 0 0 0
214 LESOTHO 0 0
215 BURUNDI 0.04 0
216 CHRISTMAS IS. 0.07 0
217 FR S ANT TR 0 0
218 SAO TOME 0.02 0
219 NORFOLK IS 0.13 0.0001
220 PANAMA C Z 0.48 0.0003
221 PITCAIRN IS. 0 0
222 Trade to Unspecified Countries 19,473.95 13.0552
223 TUVALU 0 0
India's Total Import 149,165.73 87,381.77

Exchange rate:
2005-2006: 1US$ = Rs. 44.2735

2006-2007(Apr-Sep): 1US$ = Rs. 45.9206