ASSINGMENT

OF

INTERNATIONAL BUSINESS

SUBMITTED TO- SUBMITTED BY-

Mr. Mahesh Chandra Joshi, Jagpal Singh
LSB(LPU) Roll No.R1902B44
Reg.No.10902357

International Trade
Internal trade refers to the exchange of goods and services between the buyers and sellers within
the political boundaries of the same country. It may be carried on either as a wholesale trade or a
retail trade. External trade or international trade, is the trade between different countries i.e. it
extends beyond the political boundaries of the countries. In other words, it is the trade between
two countries. Hence, it is also known as foreign trade.

Trading with nations beyond the seas is however not new to Indians. Evidences about our
international trade are found in the ancient literatures of our country. But the volume of such
trade was insignificant and continued to remain so tight through the middle ages and up to the
advent of the British rule in India. It is only after the British rule that India’s foreign trade took a
definite shape.
International trade on large scale has become a phenomenon of the 20th century especially after
the IInd World War. There is practically no country today, which is functioning as a closed
system. Even socialist countries like Russia and China are now taking concrete steps to capture
foreign markets for the products produced in their country. International trade, thus, has become
as essential ingredient of the normal economic life of any country.

India’s Trading Partners

INDIA is in a recovery mode from the hugely impacted global financial meltdown surfaced in
mid-September 2008. An advance estimate of the Central Statistical Organization indicates to
7.2 percent GDP growth during the current fiscal year ( 2009-10), though the government
expects it may even surpass the CSO estimates. Coupled with this, the industry is sending
encouraging feeler to fuel the hope for a better revival of the economy from the onslaught of
the meltdown that had impacted among others India's exports like most of other countries
around the world. The cumulative growth for the period April-December 2009-10 stands at
8.6 percent.

On industry front, the Quick Estimates of Index of Industrial Production (IIP) with base 1993-
94 for the month of December 2009 have been released by the Central Statistical Organisation
of the Ministry of Statistics and Programme Implementation. The General Index stands at
331.7, which is 16.8 percent higher as compared to the level in the month of December 2008.
The cumulative growth for the period April-December 2009-10 stands at 8.6 percent over the
corresponding period of the pervious year. The Indices of Industrial Production for the
Mining, Manufacturing and Electricity sectors for the month of December 2009 stand at
206.0, 360.7, and 235.2 respectively, with the corresponding growth rates of 9.5 percent, 18.5
percent and 5.4 percent as compared to December 2008. The cumulative growth during April-
December, 2009-10 over the corresponding period of 2008-09 in the three sectors have been
8.5 percent, 9.0 percent and 5.8 percent, respectively, which moved the overall growth in the
General Index to 8.6 percent.
India's exports during the first 10 months ( April-December, 2010) of the current fiscal (2009-
10) stood at US$ 117.58 billion signifying 20.3 percent decline from US$ 147.56 billion
earnings achieved during the comparable period in previous financial year. India’s exports
during December, 2009 were valued at US $14606 million (Rs. 68107 crore) which was
9.3 per cent higher in dollar terms (4.8 per cent in Rupee terms) than the level of US $ 13368
million (Rs. 65015 crore) during December, 2008. Cumulative value of exports for the period
April- December, 2009 was US $ 117587 million (Rs 563304 crore) as against US $ 147569
million (Rs. 652919 crore) registering a negative growth of 20.3 per cent in Dollar terms and
13.7 per cent in Rupee terms over the same period last year.

India’s imports during December, 2009 were valued at US $ 24753 million

(Rs.115420  crore) representing a growth of  27 per cent in dollar terms (22  per cent in Rupee
terms)  over the level of imports valued at US $ 19456 million ( Rs. 94625 crore) in
December, 2008. Cumulative value of imports for the period April- December 2009 was US $
193829 million (Rs. 927969 crore) as against US $ 253809 million (Rs. 1126199 crore)
registering a negative growth of  23.6 per cent in Dollar terms and 17.6 per cent in Rupee
terms over the same period last year.            

The trade deficit for April- December, 2009 was estimated at US $ 76242 million which was
lower than the deficit of US $ 106240 million during April-December, 2008. 

Its ambitious export target of US $ 200 billion for fiscal year 2008-09 * remained unattainable.
Country's achievements in the export sector fell short of that target by about US $ 32 billion.
The provisional estimates of the Federal ministry of Commerce put exports during FY 2008-
09 at US $ 168.70 billion. But for this unexpected global financial crisis, for India US $ 200
billion was an achievable export target taking into account country's vibrant economy just
before the crisis surfaced world over. India achieved the marked growth in exports despite
appreciation of rupee, high interest rates, spiraling oil prices, slow down in major trade
markets, and withdrawal of some GSP benefits to India by other countries. Besides export set
back, India's yet another ambitious target of achieving 5 percent share of world trade by 2020
receives a set back, hopefully temporarily. As a means to achieve the US $ 200-billion-target,
a slew of innovative steps had been initiated in the Foreign Trade Policy (FTP) 2004-09. But
for a country like India having over 1.2 billion population market, the target of achieving 5
percent of world trade by 2020 is still achievable.

India’s first ever long term FTP was  considered as a roadmap for the development of
country’s foreign trade. The policy initiatives in the last four years had resulted in increased
trade activity and has generated additional employment of 13.6 million. The new FTP has
more than doubled India’s exports in four years. The country’s exports in 2008-09 stood at
US$ 168 billion from US $ 63 billion in 2004, registering a cumulative annual growth rate
(CAGR) of 23 percent, year on year, way ahead of the average growth rate of international
trade. The global financial meltdown halted this growth. India's share of global merchandise
trade that was 0.83 percent in 2003 rose to 1.45 percent in 2008 as per WTO estimates.
Country's share of global commercial services export was 1.4 percent in 2003; it rose to 2.8
percent in 2008. India’s total share in goods and services trade which was 0.92 percent in
2003 increased to 1.64 percent in 2008. On the employment front, studies have suggested that
 nearly 14 million jobs were created directly or indirectly as a result of augmented exports in
the last five years.

Top ten largest trading partners of India (2008-09)

                                                         (In Rs, Crore)
 
Country Total Trade Trade Balance
China PRP 163,202 -92,676
USA 155,353 12,254
United Arab Emirates 152,668 -1934
Saudi Arabia 105,602 -64303
Germany 67,602 -19497
Singapore 63,280 2934
UK 50114 524
Hong Kong 50,129 1772
Belgium 41552 -5294
Netherland 33099 19049
Source: Federal Ministry of Commerce, Government of India

India's foreign trade in merchandize goods in fiscal 2008-09 stood at US 455 billion. Exports
during this period was up 3.4 percent to total at US $ 168.704 billion over previous fiscal’s
US $ 163.132 billion. In Rupee (Indian currency) terms, exports stood at Rs.766935 crore
registering an increase of 16.9 percent over previous fiscal’s Rs Rs.655863 crore. Imports in
financial year 2008-09 stood at US $ 287.759 billion against US $ 251.654 billion in fiscal
2007-08 registering a growth of 14.3 percent. In Rupee (Indian currency) terms exports
registered 29 percent growth in financial year 2008-09 to stand at Rs.1305503 crore compared
with Rs.1012312 crore in fiscal 2007-08. Country's trade deficit in fiscal 2008-09, according
to provisional estimates of the Federal Ministry of Commerce, stands at US $ 119.055 billion
which is significantly higher than the deficit at US $ 88.522 billion registered in fiscal 2007-
08.

The short-term objective of India's new five-year Foreign Trade Policy (2009-14) that was
announced in August, 2009 is to arrest and reverse the declining trend of exports and to
provide additional support especially to those sectors which have been hit badly by recession
in the developed world. The government intends to achieve an annual export growth of 15
percent with an annual export target of US$ 200 billion by March 2011 and around 25 percent
per annum for the remaining three years ending 2014. The government's objective is to
achieve an annual export growth of 15 percent with an annual export target of US$ 200
billion by March 2011. In the remaining three years of the new Foreign Trade Policy (2009-
2014), the country should be able to come back on the high export growth path of around 25
percent per annum, hopes country's Commerce and Industry minister Anand Sharma.

By 2014,  India’s exports of goods and services are expected to double. The long term policy
objective for the government is to double India’s share in global trade by 2020. In order to
meet these objectives, the government would follow a mix of policy measures including fiscal
incentives, institutional changes, procedural rationalization, enhanced market access across
the world and diversification of export markets. Improvement in infrastructure related to
exports; bringing down transaction costs, and providing full refund of all indirect taxes and
levies, would be the three pillars, which will support us to achieve this target. Endeavour will
be made to see that the Goods and Services Tax rebates all indirect taxes and levies on
exports. 

Initiatives are being taken to diversify country's export markets and offset the inherent
disadvantage for our exporters in emerging markets of Africa, Latin America, Oceania and
CIS countries such as credit risks, higher trade costs etc., through appropriate policy
instruments. The government has already endeavored to diversify products and markets
through rationalization of incentive schemes including the enhancement of incentive rates
which been based on the perceived long term competitive advantage of India in a particular
product group and market. New emerging markets have been given a special focus to enable
competitive exports. This would of course be contingent upon availability of adequate
exportable surplus for a particular product. Additional resources have been made available
under the Market Development Assistance Scheme and Market Access Initiative Scheme.

Incentive schemes are being rationalized to identify leading products which would catalyze
the next phase of export growth. As part of market expansion policy,India has signed a
Comprehensive Economic Partnership Agreement with South Korea which will give
enhanced market access to Indian exports. Besides India has also signed a Trade in Goods
Agreement with ASEAN which will come in force from January 1, 2010, and will give
enhanced market access to several items of Indian exports. These trade agreements are in line
with India’s Look East Policy. India has also signed  Preferential Trade Agreement with
Mercosur. 

India's Foreign Trade (2008-09)

(In US$ million)

April 2008 - March 2009

EXPORTS (Including re-exports)  
2007-08 163132
2008-09 168704
Year-on change over 2006-07 3.4
IMPORTS  
 2007-08 251654
2008-09 287759
Year-on change over 2007-08  14.3
TRADE BALANCE  
2007-08 --88522
2008-09 -119055
Source: DGCI&S  
* India's fiscal year is March to April
Source: Federal ministry of Commerce,  
Government of India

India’s Commerce and Industry minister Anand Sharma has told the Cairns group (a coalition
of 19 agricultural exporting countries promoting free trade in agriculture) India is committed
to the successful conclusion of the Doha process through a constructive engagement. In a
recent address at a Cairns group meeting in Bali (June 8, 2009) the minister while
emphasizing on the need for resumption of negotiations based on the draft reports on
Agriculture and NAMA, stated that the ‘development dimension’ of the Doha round must be
central to all discussions and the aspirations of all developing countries for a fair trading
regime must be recognized. The coalition includes US, Canada, Brazil, Japan, EU, South
Africa, Indonesia among other countries.

"India is committed for the early resumption of the WTO Doha round negotiations, as there is
a need to have a rule-based multilateral global trading system and the government will
continue to take inputs from various stakeholders in the country", the Commerce minister told
the industry body Confederation of Indian Industry (CII). While a perfect solution may be
elusive, it should be possible to find a fair solution acceptable to all parties, while keeping in
mind that development was central to the Doha Round, he said at the annual summit 2009 of
the US India Business Council which was attended by US Secretary of State Hillary Clinton.
The existing level of trade and economic engagement is not commensurate with India's
potential, which exists due to India’s far-reaching economic liberalization. India maintains
that protectionist tendencies of some developed countries in times of economic downturn
would adversely impact developing countries.

"The principal aim of India’s negotiating strategy in the agriculture negotiations has been to
protect the interests of farmers particularly with regard to their food and livelihood security.
Substantial and effective reductions in domestic support and customs tariffs by developed
countries, while enabling developing countries to protect and promote the interests of their low
income and resource poor farmers, is a key priority for India and other developing countries in
the agriculture negotiations. The flexibilities available to developing countries including, inter-
alia, lower tariff cuts than developed countries, self-designation of Special Products (SPs) which
will have more flexible tariff reduction commitments than other products and the Special
Safeguard Mechanism (SSM) to safeguard the interests of farmers in the event of surges in
import volumes or a fall in prices would be utilized by India for protecting low income and
resource poor farmers of the country...A successful conclusion of Doha round is essential to
create a fair and equitable, rule-based multilateral trade regime best serves the needs of
developing countries", Jyotiraditya M. Scindia, Minister of State for Commerce & Industry told
members of the Upper House of Indian Parliament on July 8, 2009. 

Analysis of Trade Partners

China has emerged as India's largest trading partner, replacing US in 2008-09. Apart from
increasing trade engagement with the neigh bouring country and weak demand for foreign goods
in the US, which is reeling under recession contributed to this.

Bilateral trade engagement between India and China stood at Rs 1,63,202 crore (nearly $ 36
billion) in April to February 2008-09, an increase of nearly 7% over Rs 1,52,713 crore in the
year ago period. In the same period under consideration, bilateral trade between India and the US
dipped 7.5% and stood at Rs 1,55,353 crore (approximately $ 34 billion).

Exports from India had increased 3.4% in dollar terms and 17% in rupee terms during 2008-09.

Significantly, trade deficit-the difference between exports and imports-with China expanded
41% in the period under consideration and stood at Rs 92, 676 crore (nearly $20.3 billion),
pointing towards fast expanding imports from China. This is nearly one fifth (18%) of India's
trade deficit during the period under consideration, the highest for any of its trade partners.

According to data available with the commerce ministry, imports from China expanded 28% and
stood at Rs 1,27,938 crore ($ 28.10 billion) in April to February period of 2008-09. In fact,
increase in large number of chemical and metal items import from China has been of concern for
India, which has initiated many anti-dumping and safeguard duty mechanism investigations to
ascertain if Chinese companies are adopting any unfair trade practice.

Historically, the US has been India's top trading partner. Exports to the US have mostly been
greater than imports, as a result of which India has enjoyed a trade surplus. However, hit by the
economic recession, demand for goods in the US plummeted, impacting exports from India as
well.

The conglomerate of 15 European nations with more to join the bloc next year, the European
Union has emerged as India's single largest trading partner accounting for more than one-fifth
share in  both exports and imports of world's fourth largest economy in terms of Purchasing
Power Parity. With the accession of another 10 states on May 1, 2004, the EU bloc will become
a trade giant in the world. EU-India trade registered an impressive 150 percent growth--from €
9.97 billion in 1991 to € 25.52 bn in 2001.
India's major trading partners in EU are UK, accounting for 21.4 percent of the two-way trade,
followed by Germany with 20.7 percent, Bel-Lux with 19.3 percent, and Italy with 11.5 percent.
Since their first bilateral summit in Lisbon in 2000, the Indo-EU trade relations got added
momentum with both sides being  committed to exploit the potential and scope of their economic
relations. Poverty alleviation is the guiding principle of the Indo-EU cooperation. "India's
overriding challenge for the first decade of the new millennium is to lift between two to three
hundred million of its citizens out of poverty. All of India's cooperation partners, including the
EC, subscribe to this objective and are seeking to mobilize their particular strength towards
helping the Indian government to achieve this goal", underpins EC's country strategy (2002-06)
paper on India. To build the "human capital" of the world's largest democracy, the EC would
assist India  by "dedicating its resources to (a) making elementary education universal; (b)
improving health services in favour of the hitherto deprived population groups; and (c) restoring
and safeguarding a healthy environment." The EC would also help Indian authorities create an
"enabling  economic environment".

"The corner stone of the EU-India relationship lies in trade and investment. The EU is India's
largest trading and investment partner. Our bilateral trade constitutes a quarter of India's total
trade. The EU is also India's biggest partner in development cooperation and the second largest
source of foreign direct investment", says Mr. Pascal Lamy, the EU Trade Commissioner who
was on a visit to  India this March. In an interactive session with India's most powerful industry
forum, Confederation of Indian Industries (CII) Mr. Lamy pointed out that though over last two
decades India's exports to Europe grew by 550 percent--from € 2 bn to € 13 bn in 2001, India
accounts for only 1.3 percent of total EU imports of goods whereas China's share is 7.5 percent.
In services, India's share is even lower at just 1 percent. Of the EU's global investments, India
accounts for a meagre 0.2 percent which Mr. Lamy considers as a "poor return for a country
where 17 percent of the world population lives". This shows the vast scope to improve the trade
relations. EU's imports in past two decades  grew by 400 percent--from € 2.5 bn in 1980 to €
12.5 bn.

India Top 10 Exporting  Country

Country Name Total Export (USD)
Total India Export  to USA 139782.70
Total India Export  to U ARAB EMTS 64195.27
Total India Export  to CHINA P RP 40509.30
Total India Export  to UK 39064.23
Total India Export  to HONG KONG 38213.53
Total India Export  to GERMANY 31259.34
Total India Export  to SINGAPORE 31199.31
Total India Export  to JAPAN 25438.95
Total India Export  to BELGIUM 24355.33
Total India Export  to ITALY 22122.62
 Top ten largest Trading partners 2008-09 (Apr-Feb)

Country Trade 2008-09 Trade Balance

(Rs. In crores)
CHINA PRP 1,63,202 -92,676
USA 1,55,353 12,254
U ARAB EMTS 1,52,668 -1,934
SAUDI ARAB 1,05,602 -64,303
GERMANY 67,602 -19,497
SINGAPORE 63,280 2,934
UK   50,144      524
HONG KONG   50,129   1,772
BELGIUM   41,552  -5,294
NETHERLAND   33,099  19,049

New Trade
Recently accelerating Asian trade and investment in Africa hold great promise for Africa’s
economic growth and development—provided certain policy reforms on both continents are
implemented. China and India’s New Economic Frontier . Asian trade and investment in Africa
is part of a global trend towards rapidly growing South-South commerce among developing
countries. The first time, systematic empirical evidence on how the two emerging economic
giants of Asia China and India now stand at the crossroads of the explosion of African-Asian
trade and investment.450 firms, including Chinese and Indian companies, operating in four
African countries South Africa, Tanzania, Ghana, and Senegal and developed in-depth business
case studies in the field of additional 16 Chinese and Indian firms in Africa. Africa's Silk Road
offers original firm-level data on the African continent of Chinese and Indian firms operating
there.

Growing demand and greater investment

The exports from Africa to Asia tripled in the last five years, making Asia Africa's third largest
trading partner (27 percent) after the European Union (32 percent) and the United States (29
percent).
Indian and Chinese foreign direct investment in Africa also grew, with China's amounting to
$US1.18 billion by mid-2006. China and India each have rapidly modernizing industries and
burgeoning middle classes with rising incomes and purchasing power. These societies are
demanding not only natural resource-extractive commodities, agricultural goods such as cotton,
and other traditional African exports, but also diversified, nontraditional exports such as
processed commodities, light manufactured products, household consumer goods, food, and
tourism.

Because of its labor-intensive capacity, Africa has the potential to export these nontraditional
goods and services competitively to the average Chinese and Indian consumer and firm. "To be
sure, if you take a snapshot of today, the overwhelming bulk of Africa's exports to Asia is natural
resources," "But what's new is there is far more than oil that is being invested in and this is an
important opportunity for Africa's growth and reduction of poverty because Africa's trade for
many years has been concentrated in primary commodities and natural resources."

While growing Asian trade and investment is cause for optimism, the cautions that there are
major asymmetries in the economic relations between the two regions. While Asia accounts for
one-quarter of Africa’s global exports, this trade represents only about 1.6 percent of the exports
shipped to Asia from all sources worldwide. By the same token, FDI in Asia by African firms is
extremely small, both in absolute and relative terms.

And, the rise of internationally competitive Chinese and Indian businesses cuts into both
domestic sales and exports of African producers of, for example, textiles and apparels.

“It is imperative that both sides of this promising South-South economic relationship address
asymmetries and obstacles to its continued expansion through reforms,”

 “At-the-border” reforms, such as elimination of China and India’s escalating tariffs on

Africa’s leading exports; and elimination of Africa’s tariffs on certain inputs that make its
own exports uncompetitive.
 “Behind-the-border” reforms in Africa, to unleash competitive market forces, strengthen
its basic market institutions, and improve governance.
 “Between-the-border” improvements in trade facilitation infrastructure and institutions to
decrease transactions costs, such as customs administration, transport and
communications.
 Reforms that leverage linkages between investment and trade to allow African
businesses’ participation in modern global production-sharing networks generated by
Chinese and Indian investments in Africa.

PARTNERSHIP FOR PROGRESS

For emerging economies like India, EU is one of the most accessible and open markets. Today
EU accounts for nearly a quarter of India's exports and imports. The European nation
conglomerate is the second largest source of foreign direct investment into India although the
country receives a meagre 0.6 percent of EU's global investments.Today India accounts for 1.2
percent of EU imports and 1.4 percent of EU exports. EU's  exports to India too does not match
with other comparable markets in the world. The anomaly is being addressed to by the EU.  

EU accounts for 22.46% of India’s total exports and 20.73% of total  imports in fiscal
2001-02.
Approved FDI from EU has significantly increased from US$ 78 million in 1991 to
US$ 2.31 billion in 2001.
Actual FDI inflow from EU during this period stood at US$ 4.09 bn.
EU investments in India have concentrated on sectors like industrial machinery;
transport; electrical  goods & electronics; chemicals & consultancy.
New areas of EU investment in India include food processing; horticulture and
floriculture trade.
EU is India's largest trading partner, accounting for nearly a quarter of the total two-way
trade. Economic liberalization in India has led to an impressive growth in the two-way
trade, which has increased from €12.17 Bio in 1993 to over €25.52 Bio in 2001. 
The share of Indian exports in the EU's overall imports is only 1.3 percent, its impact on
India's overall economy is much greater

INDIA-EU AGENDA FOR ACTION

Develop further our regular bilateral dialogue on democracy & human rights as an
element in Senior Officials and Ministerial Meetings.
Intensify co-operation to promote the reconstruction of Afghanistan. 
Co-operate to promote democracy, development, fundamental freedoms and the rule of
law. 
Increase co-operation on counter-terrorism issues including the implementation of
UNSCR 1373 requirements and assess the opportunity for co-operation between
Europol and Indian agencies. Work towards early conclusion and adoption of the
Comprehensive Convention on International Terrorism. 
Mobilize the resources needed to promote autonomous civil society interaction and
activate the EU India Think Tank Network programme. Prepare a joint report for the
next summit on the appropriate follow-up to the recommendations tabled by the EU
India Round Table. 
Task our experts to consult at regular intervals on the full range of technical issues
affecting market access for our businesses. 
Invite the Joint Working Group on Information Society to intensify the dialogue on
policy and regulatory issues in the run-up to the 2003 World Summit on information
Society. 
 Encourage common approaches on global environmental challenges including climate
change and the follow-up to the WSSD through operationalization of the Plan of
Implementation. 
Build on the momentum of the new Agreement for Scientific and Technological Co-
operation and prepare India’s participation in the EC’s new Framework Programme.
Launch negotiations for the Agreement on Customs Co-operation with a view to
exchanging instruments at the 4th EU India Summit.
Continue exploratory talks and bilateral interactions on the feasibility of having an
Agreement on Maritime Transport and to submit a progress report to the next meeting
of the India-EU Joint Commission.
Take steps for the speedy implementation of the’ "EC India Partnership for Progress" in
line with the methodology to be agreed.
Follow-up industry’s recommendations under the first round of the "EU India Joint
Initiative for enhancing Trade and Investment" in the fields of Food Processing,
Engineering, Telecommunication and Information Technology and examine the
recommendations of the Business Summit under the second round of the "Joint
Initiative" in four new sectors: Financial Services, Power and Energy, Textiles and
Biotechnology.
Invite our industry to form a Joint Group, which may select new sectors and identify
areas for joint Cooperation for FDI and Trade.
Build on the agreed orientations for the EC-India Trade and Investment Development
Programme with a view to launching it by mid-2003. Continue to engage their experts
at the appropriate levels with a view to speedily resolving their trade issues, among
others those in the areas of Sanitary and Phyto-Sanitary rules and Technical Barriers to
Trade and seek all opportunities to improve and facilitate their bilateral trade.
As agreed at our first summit in 2000, continue an open and constructive dialogue on
the negotiations and other work launched at Doha in order to find solutions to our
respective concerns, thus contributing to the successful and timely conclusion of the
negotiations in line with our commitments at Doha.

Export  Commodity      
%Shar 2008-
S.No. HSCode Commodity 2007-2008 %Share
e 2009(Apr-Sep)
             
             
1652 27101950 FUEL OIL 1,505.90 0.924 1,899.30 1.9747

6536 61091000 T-SHIRTS ETC OF 1,537.72 0.9435 753.62 0.7835

COTTON
8155 74031100 CATHODS & 1,544.76 0.9478 646.6 0.6723
SECTNS OF
CATHODS OF
REFIND COP
1656 27101990 OTHER 1,644.44 1.009 715.55 0.7439
PETROLEUM OILS
 AND OILS
OBTAINE
FROMBITUMINOU
S MINERALS NES
2775 29420090 OTHER 2,010.35 1.2335 1,102.44 1.1462
DILOXANIDE
FUROATE,
CIMETIDINE,
FAMOTIDINE NES
1556 26011130 NON- 2,935.37 1.801 1,546.52 1.6079
AGGLOMERATED
IRON ORE
FINES(62% FE
AND ABOVE)
1649 27101920 AUIATION 2,975.08 1.8254 2,266.95 2.3569
TURBINE FUEL
(ATF)
1645 27101119 OTHER MOTOR 3,349.26 2.055 2,880.14 2.9944
SPIRIT
1650 27101930 HIGH SPEED 11,978.05 7.3492 7,495.45 7.7929
DIESEL (HSD)
7353 71023910 DIAMOND(OTHR 13,656.56 8.3791 7,857.61 8.1694
THN INDSTRL
DIAMOND)CUT
OR OTHERWISE
WORKED BUT
NOT MOUNTED
OR SET

Yearly Wise Export

S.No. Years India Early Exports %Growth

1 2008-2009 96183.25 -66800.65
2 2007-2008 162983.90 36721.23
3 2006-2007 126262.67 23172.13
4 2005-2006 103090.54 19554.59
5 2004-2005 83535.95 19693.40
6 2003-2004 63842.55 11123.12
7 2002-2003 52719.43 8892.70
8 2001-2002 43826.73 -733.56
9 2000-2001 44560.29 7737.80
10 1999-2000 36822.49 3603.77
11 1998-1999 33218.72 -1566.27
12 1997-1998 34784.99 1315.04
13 1996-1997 33469.95  
India's Total Export
  Total 915301.46 62713.3