THE MINISTER OF STATE IN THE MINISTRY OF COMMERCE AND INDUSTRY
(INDEPENDENT CHARGE) (SMT. NIRMALA SITHARAMAN)
(a)&(b) The details of Export, Import, Trade Deficit and Exports as percentage of GDP (Financial year wise) for Merchandise goods is given in Table-1. India’s Total Trade and its share in the World (Calendar year wise) is given in Table-2. The details of state-wise exports during 2013-14 (as reported by Customs and compiled by DGCI&S Kolkata but not validated) are given in Table-3.
Table-1: Value (US $ Billion) YEAR Export Import Trade Export as deficit Percentage of GDP 2011-12 306.0 489.3 183.3 17.47 2012-13 300.4 490.7 190.3 17.41 2013-14 314.4 450.2 135.8 18.16 2014-15 189.8 273.6 83.8 Not Available
(Apr- Oct.)# # figures for 2014-15 (Apr-Oct.)are provisional Source: DGCI&S Table-2: Value (US $ Billion) Calendar India’s India’s Share Year Total in World Trade Trade (%) 2010 576.6 1.87 2011 767.4 2.08 2012 785.4 2.12 2013 779.3 2.07 Source: WTO Table-3: Sl. State Exports by the Share of No. state(2013-14 the State Value (in Rs.Cr) (%) 1 ANDAMAN & 58.64 0.00 NICOBAR 2 ANDHRA PRADESH 93860.34 4.93 3 ARUNACHAL 4.60 0.00 PRADESH 4 ASSAM 2465.65 0.13 5 BIHAR 5761.69 0.30 6 CHANDIGARH 596.90 0.03 7 CHATTISGARH 7701.68 0.40 8 DADRA & NAGAR 10551.21 0.55 HAVELI 9 DAMAN & DIU 3889.90 0.20 10 DELHI 55894.42 2.93 11 GOA 9305.74 0.49 12 GUJARAT 444477.75 23.33 13 HARYANA 64477.46 3.38 14 HIMACHAL 5003.10 0.26 PRADESH 15 JAMMU & KASHMIR 1043.33 0.05 16 JHARKHAND 3710.53 0.19 17 KARNATAKA 107592.68 5.65 18 KERALA 25923.50 1.36 19 LAKSHADWEEP 5.01 0.00 20 MADHYA PRADESH 26463.25 1.39 21 MAHARASHTRA 434591.04 22.81 22 MANIPUR 2.64 0.00 23 MEGHALAYA 579.28 0.03 24 MIZORAM 0.56 0.00 25 NAGALAND 19.42 0.00 26 ORISSA 24233.76 1.27 27 PUDUCHERRY 1882.61 0.10 28 PUNJAB 42729.58 2.24 29 RAJASTHAN 35786.70 1.88 30 SIKKIM 14.33 0.00 31 TAMIL NADU 163008.74 8.56 32 TRIPURA 7.98 0.00 33 UTTAR PRADESH 80523.45 4.23 34 UTTARAKHAND 6781.78 0.36 35 WEST BENGAL 63731.95 3.35 36 UNSPECIFIED 182329.90 9.57 TOTAL 1905011.09 100.00
The details of export and import commodity-wise/country-wise during last three years is available in the DGCI&S publication in CD from namely ‘Monthly Statistics of Foreign Trade of India’ Vol. I and VolII. Such CD’s are regularly sent to Parliament Library by DGCI&S, Kolkata.
The Government of India has proposed a number of administrative and fiscal measures to revive the industrial growth and has launched a “Make in India” programme with 25 thrust sectors, which is likely to increase the contribution of manufacturing sector in overall GDP.
(c)&(e) The trade deficit over the last three years has shown a mixed trend. However, one of the prime contributors of trade deficit is import of Petroleum & Crude oil, accounting for nearly one-third of country’s total imports, which is critical for the growth of the economy and meeting the energy needs of the country. As such, these imports are essential in nature and do not cause negative impact on the economic condition of the country.
In order to boost exports and reduce imports Government has taken a number of measures, which inter alia include the following:
(i) Compression in import of gold and silver and non-essential items including hike in custom tariffs and administrative measures like linking gold imports with the gold exports under 80-20 scheme, whereby 20 per cent of the imported gold has to be channelized for gold exports.
(ii) Exports are supported through various schemes e.g. Focus Market Scheme, Market Linked Focus Product Scheme, Focus Product Scheme and Duty Drawback Scheme. Exporters can avail duty free import of capital Goods under EPCG scheme and raw materials under Advance Authorisation Scheme.
The target is to double India’s exports of Goods and Services by the end of 12th Five Year Plan (FYP) over the level achieved by the end of 11th FYP.
(d) As per WTO’s Press Releases, 26th September, 2014, the forecast for World Trade growth in 2014 has been reduced to 3.1% (down from 4.7% in April, 2014).
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