Professional Documents
Culture Documents
DOMESTIC TRADE : Performing business transactions with in the boundaries of a nation . ( Internal Trade or Home Trade ) Basis of similar Political , Economic and Social conditions .
INTERNATIONAL TRADE : Performing business transactions outside the national borders with different nations . International Trade is considered the Engine of Growth .
Geographic expansion as a growth strategy The adventurous spirit of the younger generation Corporate ambition Technology advantage Building a corporate image Incentives and business impact New business opportunities
Import of Necessary Goods Maintaining stability in the prices of goods Industrial Development Meeting Emergencies Advantage of Mobility of Capital Expansion of Market for Goods
International Co - operation Achievement of Specialization in Production Efficient use of Resources Technology Transfer Control of Monopoly Maximization of Production
Year
Exports
Imports
1975
1980
1,380,334
90,290
135,960
7.86
18
2.08
1985
2,729,350
149,510
217,540
12.36
28
1.60
1990
5,542,706
406,350
486,980
17.50
42
1.56
1995
11,571,882 1,307,330
1,449,530
32.42
69
1.32
2000
20,791,898 2,781,260
2,975,230
44.94
100
1.26
Year
Exports
Imports
US Dollar Exchang e
2000
44.94 20,791,898 2,781,260 2,975,230 Indian 100 Rupees 44.09 Indian 121 Rupees 45.83 Indian 126 Rupees
1.26
2005
34,195,278
1.64
2010
66,911,800
Slow Growth in Exports Shortage of Supplies and Inadequate Export Surpluses Lack of New Technology Goods Low quality of Indian Goods High cost of Production Low Competitive Strength
Low Productivity of Indian Industries Limited Foreign Investment and Collaborations in Export sector Inadequate transportation and shipping facilities Tariffs and Quotas imposed by Developed Countries
Composition of Exports
The type of goods and services exported by the country . Increase in Manufactured Items Traditional Goods V/s Manufactured Goods >
Unconventional Goods like Chemicals , Machinery , Transport Equipment's 1960-61 43 % 2009-10 63.6 %
Broad Based Expansion Increase in Export of Engineering goods , Iron & Steel , Iron Ore , Chemicals , Sugar 50 Items in the Export List , Today there are more than 3000 Items included in the Export list .
Services