Imports to India have grown at a rate of about 7% in recent years with the major import being crude petroleum at 32%. Gold is the next highest commodity at about 9% while coal and refined petroleum, at about 3%, are also significant imports.
Growth in India is expected to come from the world leading biotech industry, growing at 37% annually, the fastest growing telecom market in the world and an ambitious infrastructure building project. India is also expected to be the world’s largest vehicle manufacturer by 2020.
Official Name (Local Language) | Bharatiya Ganarajya | Capital | New Delhi | Population | 1,266,883,598 | Currency | Indian Rupee | GDP | $2,251 billion | Languages | English | Telephone Dial In | 91 |
444,052
4,317
213
Country
trade
% Partner Share
China
71,923
16.20
United States
24,086
5.42
United Arab Emirates
23,115
5.21
Saudi Arabia
21,087
4.75
Switzerland
20,405
4.60
Export Product
Number
Petroleum oils and oils obtained from bituminou
18.5%
Gold in unwrought forms non-monetary
8.1%
Diamonds non-industrial unworked or simply sawn
6.1%
Other coal, not agglomerated, nes
4.5%
Parts of electrical apparatus for line telephon
2.9%
%
Product List
16.5%
Rice, wheat, oilseed, cotton, jute, tea, sugarcane, lentils, onions, potatoes; dairy products, sheep, goats, poultry; fish
%
Industry List
29.8%
Textiles, chemicals, food processing, steel, transportation equipment, cement, mining, petroleum, machinery, software, pharmaceuticals
%
Services List
45.4%
Export finance is a revolving facility which alternative financiers offer – it enables firms to purchase products and can help reduce the pressure from cash flow issues.
Typically, an export finance bank will fund most of the cost of the receivables, including charges (e.g. VAT charges).
Trade finance offers benefits over more traditional bank finance like asset finance or business loans. Trade finance provides up-front funding without affecting existing bank relationships.
Information
Exporting to India? Contact our local experts
India Economic Statistics
https://www.india.gov.in/
https://countryeconomy.com/ratings/india
Reserve Bank of India
68.3
2.7%
NA
1.9%
5.4%
$2,251 billion
$6,700
Indian Rupee
INR
Lower Middle Income
39/138
81/180
77/190
102/136
Currency in India
Natasha Roston is Head of People and Growth at Trade Finance Global (TFG).
She builds partnerships to create innovative trade finance education projects and experiences. A key advocate for TFG’s annual Women In Trade campaigns, Natasha wrote a piece on the impact of gender stereotypes for gender equality in the workplace in 2022. Natasha is also responsible for TFG careers, culture, and team growth. A Level 2 Qualified Coach and Mental Health First Aid Champion, she leads internal training, supporting the holistic wellbeing of the team.
Before joining TFG Natasha worked in education for over a decade. Initially as a classroom teacher, and then in academic and pastoral leadership roles. Following this, she worked in EdTech as a Learning Design Coach for Aula’s Higher Education platform.
Natasha holds an MA from Tel Aviv University, a History PGCE from The Institute of Education and a BA from the University of Nottingham. Currently, she is studying for her Level 3 Certificate in International Trade from the Institute of Export & International Trade. In addition to her work at TFG, Natasha volunteers for the Young Women’s Trust as a Work It Out – CV Volunteer.