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TRADE

India’s Trade and Commercial Relation

Exports during February, 2013 were valued at US$ 26259.36 million which was 4.23 per cent higher in Dollar terms than the level of US$ 25194.42 million during February, 2012. Cumulative value of exports for the period April-February 2012 -13 was US$ 265946.37 million as against US$ 277124.56 million registering a negative growth of 4.03 per cent in Dollar terms over the same period last year.


Imports during February, 2013 were valued at US$ 41181.65 million representing a growth of 2.65 per cent in Dollar terms over the level of imports valued at US$ 40118.54 million in February, 2012. Cumulative value of imports for the period April-February, 2012-13 was US$ 448036.78 million as against US$ 446938.82 million registering a growth of 0.25 per cent in Dollar terms over the same period last year.

India’s Major Trading Partners

Top Export Markets for the Fiscal year 2012

Figures in US$ billion

1

UAE

36

2

USA

34

3

China

18

4

Singapore

17

5

Hong Kong

13

6

Netherlands

9

7

UK

9

8

Germany

8

9

Belgium

7

10

Indonesia

7

India’s Total Exports

304.6

Source: EXIM Bank

Top Import Sources for the Fiscal year 2012

Figures in US$ billion

1

China

58

2

UAE

36

3

Switzerland

32

4

Saudi Arabia

31

5

USA

23

6

Iraq

19

7

Kuwait

16

8

Germany

16

9

Australia

15

10

Indonesia

15

India’s Total Imports

489.4

Source: EXIM Bank

India’s Trade Basket

Top Export Items for the Fiscal year 2012

Figures in US$ billion

1

Petroleum Products

56

2

Gems & Jewellery

47

3

Pharma Products

24

4

Transport Equipments

21

5

Machinery & Instruments

14

6

Readymade Garments

14

7

Manufactures of Metals

10

8

Electronic Goods

9

9

Rubber, Glass & Products

7

10

Cotton Yarn & Fabrics

7

Source: EXIM Bank

Top Import Items for the Fiscal year 2012

Figures in US$ billion

1

Petroleum Crude

155

2

Gold & Silver

62

3

Electronic Goods

33

4

Pearls & Precious Stones

31

5

Non-electrical Machinary

30

6

Organic & Inorganic Chemicals

19

7

Coal, Coke & Briquettes

17

8

Transport Equipment

14

9

Metalliferrous Ores & Products

13

10

Iron & Steel

12

Source: EXIM Bank

India’s Direct Investment Flows

Amount of FDI inflows for the financial year 2012-13 for the month of December 2012 was US$ 1.1 billion. Amount of total FDI equity inflows into India (equity inflows + re-invested earnings + other capital) for the financial year 2012-13 (from April 2012 to December, 2012) was estimated at US$ 27.19 billion. Cumulative Amount of FDI Equity Inflows (excluding, amount remitted through RBI's-NRI Schemes) (from April, 2000 to December, 2012) was recorded at US$ 187.80 billion.

Sector-wise distribution of FDI inflows

Top 10 Sectors attracting highest FDI inflows: During December 2012, top 10 Sectors attracting highest FDI inflows were: Services Sector (19 per cent), Construction development: Townships,housing, built-up infrastructure* (12 per cent), Telecommunications (7 per cent), Computer Software & Hardware (6 per cent), Drugs & Pharmaceuticals (5 per cent),Chemicals (other than Fertilizers) (5 per cent), Power (4 per cent), Automobile Industry (4 per cent), Metallurgical Industries (4 per cent), Hotel & Tourism (3 per cent).

*In line with the extant FDI policy, the Sectors “ Housing and Real Estates” &” Construction Activities” have been renamed as construction development: Townships, housing, built-up infrastructure and construction development projects and construction (Infrastructure) activities, respectively.


Country-wise distribution of FDI inflows

Top 10 Investing Countries: Top 10 investing countries during December 2012 were: Mauritius (38 per cent), Singapore (10 per cent),U.K (9 per cent), Japan (7 per cent), U.S.A (6 per cent),Netherlands (5 per cent), Cyprus (4 per cent), Germany (3 per cent), France (2 per cent), U.A.E (1 per cent).

Top 10 Investing Countries FDI Equity Inflows for the year 2012-13 (April-December)

Ranks
Country
%age to total
Inflows
(in terms of US$)
1

Mauritius

38 %
2

Singapore

10 %
3

U.K.

9 %
4

Japan

7 %
5

U.S.A.

6 %
6

Netherlands

5 %
7

Cyprus

4 %
8

Germany

3 %
9

France

2 %
10

U.A.E.
1 %
Total FDI Inflows

-

Source: DIPP

Top 10 Sectors Attracting Highest FDI Equity Inflows for the year 2012-13 (April-December)

Ranks
Country
%age to total
Inflows
(in terms of US$)
1

Services Sector (Financial & Non-Financial)

19%
2

Construction Development: Townships, Housing, Built-Up Infrastructure #

12%
3

Telecommunications (Radio Paging, Cellular Mobile, Basic Telephone Services)

7%
4

Computer Software & Hardware

6%
5

Drugs & Pharmaceuticals

5%
6

Chemicals (other than fertilizers)

5%
7

Power

4%
8

Automobile ndustry

4%
9

Metallurgical Industries

4%
10

Hotel & Tourism

3%

Source: DIPP


India’s Foreign Exchange Reserves

Foreign exchange reserves are an essential element in the analysis of an economy's external position. India's foreign exchange reserves comprise foreign currency assets (FCAs), gold, special drawing right (SDRs) and reserve tranche position (RTP) in the International Monetary Fund (IMF). Foreign exchange reserves are accumulated when there is absorption of the excess foreign exchange flows by the RBI through intervention in the foreign exchange market, aid receipts, interest receipts, and funding from institutions such as the International Bank for Reconstruction and Development (IBRD), Asian Development Bank (ADB) and International Development Association (IDA).

The twin objectives of safety and liquidity are the guiding principles of foreign exchange reserves management in India, with return optimization being embedded strategy within this framework.

During the year 2011-12, foreign exchange reserves stood at US$ 294.39 billion as compared to US$ 304.82 billion in the year 2010-11. In the current fiscal 2012-13, the reserves were recorded at US$ 290.57 billion as on March 01,2013.

Source: Reserve Bank of India (RBI)

 

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