Export Industry of India
Autor: Meghna Kunwar • February 7, 2016 • Thesis • 3,361 Words (14 Pages) • 949 Views
FASHION EXPORT MERCHANDISING
National Institute of Fashion Technology, DELHI
M.F.M Semester 2
EXPORT INDUSTRY OF INDIA
Submitted to – Ms Jasmine Dixit
[pic 1]
EXPORT INDUSTRY OF INDIA
Exports from India amounted to US$317.5 billion during 2014, up 44.1% since 2010. India’s top 10 exports accounted for 60.5% of the overall value of its global shipments.
Based on statistics from the International Monetary Fund’s World Economic Outlook Database, India’s total Gross Domestic Product amounted to $7.376 trillion in 2014.
Therefore, exports accounted for about 4.3% of total Indian economic output.
Given India’s population of 1.252 billion people, its total $317.5 billion in 2014 exports translates to roughly $254 for every resident in that country.
India’s unemployment rate was 4.1% in 2014.
Sectors
- Primary:
Agriculture and mining (CIL , National mineral development corporation)
- Secondary:
Industry (Tata motors, Sun pharma industries, Indian Oil Corporation)
- Petroleum products and chemicals
- Pharmaceuticals
- Engineering
- Gems and jewellery
- Textile
- Mining
- Tertiary:
Services (Oracle TCS,Infosys)
- Energy and Power
- Infrastructure
- Retail
- Tourism
- Banking and finance
- Aviation
- Information technology
COMPOSITION OF EXPORTS
Commodity group
A) Primary products
- Agriculture and allied product :14
- Ores and minerals :2
B) Manufactured goods
- Textile including RMG :8.7
- Gems and jewellery :15.4
- Engineering goods :19.3
- Chemical and related goods :13.7
- Leather and leather products :1.7
C) Petroleum crude and products: 18.6
Source: United Nations international trade statistics year book. Analysed for apr- nov 2012-13
TOP 10 EXPORT PRODUCTS
The following export product groups represent the highest dollar value in Indian global shipments during 2014. Also shown is the percentage share each export category represents in terms of overall exports from India.
- Oil: US$62.3 billion (19.6% of total exports)
- Gems, precious metals, coins: $40.7 billion (12.8%)
- Vehicles: $14.5 billion (4.6%)
- Machines, engines, pumps: $13.6 billion (4.3%)
- Organic chemicals: $12 billion (3.8%)
- Pharmaceuticals: $11.7 billion (3.7%)
- Cereals: $10.1 billion (3.2%)
- Iron and steel: $9.1 billion (2.9%)
- Clothing (not knit or crochet): $9.1 billion (2.9%)
- Electronic equipment: $9 billion (2.8%)
- Others (39.4%)
Cereals (rice, wheat and to a lesser extent corn and barley) were the fastest-growing among the top 10 export categories, up 244.1% in value for the 5-year period starting in 2010.
In second place for improving export sales were pharmaceuticals which appreciated 91.3% led by miscellaneous medicines and antibiotics in dosage.
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