India’s Foreign Trade i.e. Exports and Imports companies in India are regulated by Foreign Trade Policy notified by Central Government in the exercise of powers conferred by section 5 of foreign trade (Development and Regulation) Act 1992.
Presently Foreign Trade Policy 2015-20 is effective from 1st April 2015. As per FTD & R act, export is defined as an act of taking out of India any goods by land, sea, or air and with the proper transaction of money.
India's foreign exchange reserve was Rs. 42.75 trillion (US$ 581.13 billion) as of December 18, 2020, according to data from the RBI (SOURCE IBEF)
Total exports from India get upright at US$ 304.25 billion between April and November 2020, on the other hand, imports settled at US$290.66 billion. This data is according to the ministry of commerce and industry,
Merchandise exports stood at US$ 173.66 billion in 2020-21, while imports touched US$ 215.69 billion. The estimated value of services export and import for 2020-21 stood at US$ 130.60 billion and US$ 74.98 billion, respectively. India registered a trade surplus of US$ 13.59 billion between April and November 2020.
As per the Ministry of Commerce and Industry & Railways Piyush Goyal, the government of India is into creating job opportunities for the young, well-educated, and talented people as well as for the semi or unskilled workforce force by increasing exports in India.
There are more than 5000+ Import-Export Companies in India and over 7.5,000+ Import-Export Companies in the United States.
India is currently the world’s fastest-growing large economy, as well as the world's eighth-largest exporter and the tenth-largest importer of commercial services. However, India’s trade regime and regulatory environment still remain relatively restrictive.
Petroleum Products stand on number position in exporting from India.
The top 10 products exported from India are the following:
1. Petroleum products
2. Pearls, precious and semi Precious stones
3. Drug formulations, biologicals
4. Gold and other precious metal jewelry
5. Iron and steel
6. Organic Chemicals
7. Cotton and Accessories
8. Motor vehicle/Cars
9. Electric Machinery and Equipment
10. Products of Iron and steel
Let's have a look at the Import-Export Companies in India with their key decision-maker contact information.
Get contact information of Top decision makers like Founder, CEO, CFO, CMO, CTO, Marketing head, HR head, Finance head along with headquarters, no of employees, revenue, founded year, industry in these companies.