THE MINISTER OF STATE IN THE MINISTRY OF COMMERCE AND INDUSTRY CDR. D. PURANDESWARI)
(a) There is a mixed trend in growth of exports and trade deficit during last three years and current year. The details of
export and trade deficit are as under:
YEAR Export Percentage Growth Trade Percentage Growth in
in Exports (y-o-y) deficit _ Trade Deficit (y-o-y)
2009-10 178.8 -3.5 -109.6 -7.4
2010-11 251.1 40.5 -118.7 8.2
2011-12 306.0 21.8 -183.3 54.6
2012-13 166.9@ -6.2 -110.2@ 3.2
(April-October)
Source : DGCI&S, Kolkata @ : Provisional; Y-o-Y : Year on Years basis
The global economic crisis, the sovereign debt crisis in Europe and the economic slowdown in developed economies has
adversely iinpacted demand for our exports. The imports have also been growing both because of higher prices of importable
and increased demand. The international prices of petroleum, fertilizers, gold, edible oil etc. have increased. Their
demand also has increased. These lead to a higher value of imports. As a result the trade deficit has increased in the
above said period.
(b) In its September, 2012 press release, WTO has revised downward the projected growth in world trade from 3.7 per cent to
2.5 per cent for 2012 and from 5.6 per cent to 4.5 per cent for 2013. According to the WTO, downward revision has been due
to slowdown in global output and continued European sovereign debt crisis making world trade highly sensitive to developments
in this region.
(c) The Government reviews performance of export sectors at regular intervals at the level of Director General of Foreign
Trade and takes remedial measures for providing incentives whenever needed to boost exports. Incentives are provided in the
form of duty credit scrip under the Foreign Trade Policy schemes such as Focus Product Scheme, Focus Market Scheme and
Vishesh Krishi & Gram Udyog Yojana. The details of these schemes are available in the DGFT website at www.dgfl.gov.in
(d) Review of export performance and schemes is a continuous process.
(e) & (f) At the request of Department of Commerce, Government has extended interest subvention scheme in certain
specified sectors upto 31SI March 2013. Other steps include measures / incentives announced on 5th June 2012 as part of
the Annual Supplement to Foreign Trade Policy.
