EXPORT-IMPORT BANK OF INDIA:
Catalysing India’s Trade and Investment
July 01, 2015
INDIAN ECONOMY – SNAPSHOT
PARAMETER
FY 2010
FY 2013
FY 2014
FY 2015
GDP (current prices, US$ bn)
1365.4
1835.8
1875.9
2050.6
8.6
5.1
6.9
7.4e
Exports – Merchandise (US$ bn)
178.8
300.4
314.4
309.6
Imports – Merchandise (US$ bn)
288.4
490.7
450.2
447.5
96.0
145.7
151.5
155.4
49.7
65.9
69.4
73.1
60.0
80.8
78.5
79.8
Current Account Balance (US$ bn)
-38.4
-87.8
-32.4
-27.5
Forex Reserves (US$ bn) (as on end-March)
279.1
292.0
304.2
341.6
FDI Inflows (US$ bn)
37.7
34.3
36.0
44.9
FDI Outflows* (US$ bn)
18.0
26.9
30.9
36.9
GDP Growth (constant prices, %)
Exports – Services (US$ bn)
Software Exports (US$ bn)
Imports – Services (US$ bn)
Note: e: estimates; * - FDI Outflows include Equity, Loan and Guarantee Issued
Source: IIF, MOCI, CSO, RBI
2
INDIA’S INTERNATIONAL TRADE
Towards Increased Global Integration through Trade

India's Exports
India's Imports
India's Total Trade
India's Trade Balance
795.3
791.1
764.6
US$ 467 billion in FY2010 to US$ 757 billion in FY2015
757.1

FY2015
467.1
447.5
309.6
450.2
314.4
490.7
300.4
489.3
306.0
369.8
249.8
288.4

178.8
Exports from India have increased at a CAGR of 11.6%
from 179 billion in FY2010, to US$ 310 billion in
619.6
(US$ bn)
India’s total merchandise trade increased from
India’s Export to GDP ratio increased from 13.3% in
FY2010 to 15.6% in FY2015

Share of India in world merchandise export – 1.7% in
2014; Rank– 19 (up from 29th in 2005)
2009-10
2010-11
-109.6
-120.0
2011-12
-183.3
2012-13
-190.3
2013-14
2014-15
-135.8
-138.0

Foreign Trade Policy 2015-2020 aims at increasing
India’s merchandise and services exports to US$ 900
billion by FY 2020
Source: Ministry of Commerce & Industry, Government of India
3
INDIA’S SHARE IN GLOBAL MERCHANDISE EXPORTS
Rankings
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
Country
Grand Total
Germany
USA
China
Japan
France
Netherlands
UK
Italy
Canada
Belgium
Hong Kong
South Korea
Russia
Singapore
Mexico
Chinese Taipei
Spain
Saudi Arabia
Malaysia
Sweden
Switzerland
Austria
Brazil
UAE
Thailand
Ireland
Australia
Norway
India
Source: WTO
2005
Country
2010
Country
2012
Country
2013
Country
2014
100.0
9.2
8.6
7.3
5.7
4.4
3.9
3.7
3.6
3.4
3.2
2.8
2.7
2.3
2.2
2.0
1.9
1.8
1.7
1.3
1.2
1.2
1.2
1.1
1.1
1.1
1.0
1.0
1.0
0.9
Grand Total
China
USA
Germany
Japan
Netherlands
France
South Korea
Italy
UK
Belgium
Hong Kong
Russia
Canada
Singapore
Mexico
Chinese Taipei
Spain
Saudi Arabia
India
UAE
Australia
Brazil
Malaysia
Switzerland
Thailand
Poland
Sweden
Indonesia
Austria
100.0
10.3
8.4
8.2
5.0
3.8
3.4
3.0
2.9
2.7
2.7
2.6
2.6
2.5
2.3
1.9
1.8
1.7
1.6
1.5
1.4
1.4
1.3
1.3
1.3
1.3
1.0
1.0
1.0
1.0
Grand Total
China
USA
Germany
Japan
Netherlands
France
South Korea
Russia
Italy
Hong Kong
UK
Canada
Belgium
Singapore
Saudi Arabia
Mexico
UAE
Chinese Taipei
India
Spain
Australia
Brazil
Thailand
Malaysia
Switzerland
Indonesia
Poland
Sweden
Austria
100.0
11.1
8.4
7.6
4.3
3.6
3.1
3.0
2.9
2.7
2.7
2.6
2.5
2.4
2.2
2.1
2.0
1.9
1.6
1.6
1.6
1.4
1.3
1.2
1.2
1.2
1.0
1.0
0.9
0.9
Grand Total
China
USA
Germany
Japan
Netherlands
France
South Korea
UK
Hong Kong
Russia
Italy
Belgium
Canada
Singapore
Mexico
UAE
Saudi Arabia
Spain
India
Chinese Taipei
Australia
Brazil
Switzerland
Thailand
Malaysia
Poland
Indonesia
Austria
Sweden
100.0
11.7
8.4
7.7
3.8
3.6
3.1
3.0
2.9
2.8
2.8
2.8
2.5
2.4
2.2
2.0
2.0
2.0
1.7
1.7
1.6
1.3
1.3
1.2
1.2
1.2
1.1
1.0
0.9
0.9
Grand Total
China
USA
Germany
Japan
Netherlands
France
South Korea
Italy
Hong Kong
UK
Russia
Canada
Belgium
Singapore
Mexico
UAE
Saudi Arabia
Spain
India
Chinese Taipei
Australia
Switzerland
Malaysia
Thailand
Brazil
Poland
Austria
Indonesia
Czech Republic
100.0
12.4
8.6
8.0
3.6
3.6
3.1
3.0
2.8
2.8
2.7
2.6
2.5
2.5
2.2
2.1
1.9
1.9
1.7
1.7
1.7
1.3
1.3
1.2
1.2
1.2
1.1
0.9
0.9
0.9
4
INDIA’S EXPORT: Shifting Southwards
India’s Export Destinations 2004-05 (US$ 83.5 bn)
CIS & Baltics Others
0.5%
1%
India’s Export Destinations 2014-15 (US$ 309.6 bn)
CIS & Baltics Others
1%
1%
Europe
18%
Europe
24%
Asia
48%
Africa
7%
Africa
11%
Asia
50%
North America
17%
LAC
3%



North America
14%
LAC
5%
Direction of exports moving towards Developing countries
Share of Asia, Africa and LAC regions increased sharply from 58% in 2004-05 to 66% in 2014-15; Of this, share of Asia
region rose from 48% to 50% during this period
Future trade flows to be geared towards the developing nations (buttressed by GOI policies)
Source: Ministry of Commerce & Industry, Government of India
5
INDIA’S IMPORT: Shifting Southwards
India’s Import Sources 2004-05 (US$ 111.5 bn)
India’s Import Sources 2014-15 (US$ 447.5 bn)
CIS & Baltics
2%
Europe
16%
Europe
23%
Others
27%
Africa
8%
Africa
3%
CIS & Baltics
2%
Asia
36%
Others
2%
North America
7%
Asia
59%
North America
6%
LAC
7%
LAC
2%

Direction of imports also moving towards the Developing countries, particularly Asia, Africa and LAC

Share of Asia, Africa and LAC regions increased sharply from 41% in 2004-05 to 74% in 2014-15; Of this, share of Asia
region rose from 36% to 59% during this period
Source: Ministry of Commerce & Industry, Government of India
6
INDIA’S MAJOR TRADING PARTNERS
Top Export Destinations (FY 2015, US$ bn)
USA
42.4
UAE
33.0
Hong Kong
13.5
China
12.0
Saudi Arabia
11.2
Singapore
10.0
UK
Germany
Top Import Sources (FY 2015, US$ bn)
9.3
7.5
Sri Lanka
6.7
Netherlands
6.3
Total Exports: US$ 309.6 bn
Source: Ministry of Commerce & Industry, Government of India
China
60.4
Saudi Arabia
28.2
UAE
26.2
Switzerland
22.1
USA
21.6
Indonesia
14.9
Qatar
14.6
Iraq
14.2
Nigeria
13.7
South Korea
13.5
Total Imports: US$ 447.5 bn
7
INDIA’S TRADE BASKET
Top Import Items (FY 2015, US$ bn)
Top Export Items (FY 2015, US$ bn)
Petroleum Products
56.7
Pearls, prec. & semi-prec.
stones
24.6
Gold, other prec. metal
jewellery
13.2
Drug formulations, biologicals
11.2
Petroleum: crude
116.4
Gold
34.4
Pearl, prec., semi-prec. stones
22.5
Petroleum products
21.9
RMG cotton incl accessories
9.3
Coal, coke and briquittes
Iron and steel
8.7
Telecom instruments
14.7
Products of iron and steel
7.6
Iron and steel
12.3
Motor vehicle/cars
6.7
Organic chemicals
11.3
17.7
Total Imports: US$ 447.5 bn
Total Exports: US$ 309.6 bn
Aircraft, spacecraft and parts
6.2
Vegetable oils
9.7
Cotton fabrics, madeups
5.5
Plastic raw materials
9.2
Source: Ministry of Commerce & Industry, Government of India
8
INDIA’S TRADE IN SERVICES
Total Trade in Services
Exports
Imports
Software Exports
Trade Balance
217.8
226.5
Total Trade
230.0
235.2
205.2
62.2
156.0
73.1
53.1
155.4
151.5
145.7
80.8
64.9
78.5
73.0
79.8
75.6
140.9
44.0
2010-11
76.9
64.0
2009-10
124.6
80.6
96.0
60.0
36.0
(US$ bn)
(US$ bn)
49.7
65.9
69.4
2011-12
2012-13
2013-14
2014-15
* NASSCOM Estimates
Source: Reserve Bank of India (RBI)
2009-10
2010-11
2011-12
2012-13
2013-14
2014-15
9
INDIA’S DIRECT INVESTMENT FLOWS
Foreign Direct Investment Inflows & Outflows
FDI Inflows
FDI Outflow
46.6
44.9
43.9
37.7
36.0
34.3
36.0
(US$ bn)
US$ 45 bn in 2014-15, as compared to
36.9
30.9
30.9
 FDI inflow into India increased to
26.9
18.0
US$ 36 bn in 2013-14
 FDI outflow from India stood at
US$ 30.9 bn in 2014-15, against US$
36.9 bn in 2013-14
2009-10
2010-11
2011-12
2012-13
2013-14
Note: FDI Outflows include Equity, Loan and Guarantee Issued
Source: Reserve Bank of India (RBI)
2014-15
10
INDIA’S FOREIGN DIRECT INVESTMENT FLOWS
India’s FDI Inflows – FY 2015 stood at US$ 30.9 bn#
Top FDI Investing Countries
UAE
1%
Germany
2%
Sector-wise FDI Inflows
Services
sector*
11%
Others
18%
Mauritius
27%
France
2%
Others
35%
Telecom
9%
Trading
9%
Cyprus
3%
USA
4%
Singapore
21%
Netherlands
5%
Japan
6%
UK
11%
Power
2%
Chemicals (other
than fertilizers)
2%
Construction
development**
Hotel & tourism
3%
3%
Automobile
ind.
8%
Misc. mechanical
Petroleum & & engineering
natural gas
ind.
3%
4%
Computer
software &
hardware
7%
Pharmaceuticals
4%
#- data is for FDI equity inflow; * - Services sector includes Financial, Banking, Insurance, Non-Financial / Business, Outsourcing, R&D, Courier, Tech. Testing and Analysis; **- Construction
Development includes Townships, Housing, Built-up Infrastructure
Source: DIPP
11
INDIA’S FOREIGN DIRECT INVESTMENT FLOWS
India’s FDI Outflows – FY 2015 (US$ 30.9 bn)
Regional FDI Outflows
Cayman
Island
2%
Azerbaijan
2%
Switzerland
3%
UK
4%
Financial, ins.
& business Construction
5%
services
8%
Others
9%
Netherlands
26%
UAE
5%
USA
6%
Mozambique
7%
Singapore
14%
Mauritius
12%
British Virgin
Island
10%
Note: FDI Outflows include Equity, Loan and Guarantee Issued (Approved ODI)
Source: Reserve Bank of India
Sector-wise FDI Outflows
Others
4%
Transp., stora
ge &
communicatio
n services
28%
Wholesale, r
etail
trade, restau
rants &
hotels
10%
Agriculture &
mining
21%
Manufg.
24%
12
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