major import and export of india

05/01/2023 Tour de Globe- Import & Export 1

Import and Export


International Business in India

I.B in India looks really lucrative and every passing day, it is coming up with only more possibilities.

The growth in the international business sector in India is more than 7% annually. There is scope for more improvement if only the relations with the neighboring countries are stabilized. The mind-blowing performance of the stock market in India has gathered all the more attention.

India definitely stands as an opportune place to explore business possibilities, with its high-skilled manpower and budding middle class segment.


International Business in India

With the diverse cultural setup, it is advisable not to formulate a uniform business strategy in India. Different parts of the country are well-known for its different traits.

The eastern part of India is known as the 'Land of the intellectuals', whereas the southern part is known for its 'technology acumen'. On the other hand, the western part is known as the 'commercial-capital of the country', with the northern part being the ‘hub of political power'.

With such diversities in all the four segments of the country, IB opportunity in India is surely huge.


Sectors having potential for International business in India : Information Technology and Electronics Hardware. Telecommunication. Pharmaceuticals and Biotechnology. R&D. Banking, Financial Institutions and Insurance & Pensions. Capital Market. Chemicals and Hydrocarbons. Infrastructure. Agriculture and Food Processing. Retailing. Logistics. Manufacturing.


India’s Current Scenario India’s economic growth has accelerated in recent years, and its share

of world trade has expanded. These are welcome developments for the country and, given India’s large share of the world’s population, for the global economy.

Yet, despite these recent positive trends, India faces daunting challenges and policy decisions if it is to maintain high economic growth rates, employ its population, and raise incomes across the full range of households, skill levels, sectors, and regions. India remains the largest reservoir of poverty in the world.

Its recent high growth has been driven mainly by its modern services sector, which accounts for only a small proportion of overall employment and household incomes. Its agricultural sector is in a deep crisis, whether measured by slow growth rates, persistent rural poverty, or widespread farmer suicides.


Introduction to Import & Export Import:

Goods & Services consumed in one country which has been bought from another country.

Export:Goods and services that are produced domestically and sold to buyers in another country.


Major Import and Export Top 5 Products exported by India: Refined Petroleum (19%), Jewellery (6.5%), Packaged

Medicaments (4.0%), Rice (2.2%), and Cars (1.8%)

Top 5 Products imported by India: Crude Petroleum (30%), Gold (11%), Coal

Briquettes (3.5%), Diamonds(3.3%), and Petroleum Gas (2.8%)

Top 5 Export destinations of India: UnitedStates (12%), UnitedArabEmirates (12%), China (5.8%), Singapo

re(4.5%), and United Kingdom (3.3%)

Top 5 Import origins of India: China (11%), UnitedArabEmirates (7.5%), SaudiArabia (6.5%), Switzerl

and(6.2%), and United States (4.2%)


Thank You !!