Financial Daily from THE HINDU group of publications
Friday, Apr 15, 2005

News
Features
Stocks
Port Info
Archives
Google

Group Sites

Industry & Economy - Foreign Trade


`India not among top 30 in WTO list of exporters'

Our Bureau

New Delhi , April 14

INDIA does not figure on the world's 30 leading exporters' list of the World Trade Organisation (WTO) though the new entrant Poland as the world's 30th leading exporter earned $74.1 billion in 2004 and accounted for a share of 0.8 per cent in global trade.

According to the WTO preliminary international trade report released in Geneva today, India's exports amounted to $73 billion in 2004. While the country's average export growth was 7 per cent in 1995-2000, it went up to 14 per cent in 2002, 16 per cent in 2003 and to 27 per cent in 2004, though its exports suffered during 2001 when it was just 2 per cent.

India's import growth during 1995-2000 averaged 8 per cent and this went to 12 per cent in 2002, 26 per cent in 2003 and to 34 per cent in 2004, though it did skid to a negative 2 per cent in 2001.

However, as per the trade policy annual supplement released on April 8, the country's exports amounted to $80 billion in the fiscal year 2004-05 (April 2004 to March 2005).

An interesting point is that though India does not figure in the leading 30 exporters of the world, it is ranked 24th among the 30 leading importers in the world, a value of $95.2 billion and a share of one per cent in global imports. In contrast, China holds third rank among 30 leading exporters and importers with exports of $593.4 billion and imports of $561.4 billion in 2004. However, India can draw some comfort if intra-European Union (25 countries) is excluded. Then as per the WTO listing, India gets the 20th slot as the leading exporter and 16th slot in leading importer league.

But reflecting the rising share of services in India's gross domestic product and also in some important services sector abroad through exports, India occupies the 22nd slot in the export of commercial services at $32.2 billion and accounting for a share of 1.5 per cent in global services exports in 2004. Similarly in the import of services, India occupies the 15th slot as it imported $37.9 billion and accounted for a share of 1.8 per cent in global commercial services imports in 2004.

China holds ninth slot in the export of commercial services at $58.9 billion and eighth slot in the import of commercial services at $69.7 billion in 2004.

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page


Stories in this Section
`Aborted' El Nino this year: Experts


Call to focus on different sources of alternate fuel
Team Sustain to set up biodiesel plant in Kochi
Maharashtra Govt plans to ban instant online lotteries
`Anti-dumping cases involving India likely to increase'
No restrictions on practice by CAs: HC
`World trade growth to slow down this year'
Himachal `ideal for investments'
Campaign to save trees at Vizag jail site
Qatar, India sign air services pact; keen to better trade ties
India-China bilateral trade yet to pick up pace
`India not among top 30 in WTO list of exporters'
Rs 700-cr expo centre coming up at Greater Noida
Gail MoU for performance targets
Pharmexcil lauds foreign trade policy
Power consumers set to get choice of distribution utility — 11 State ERCs issue open access guidelines
State VAT heads told to ensure availability of `C' forms
`VAT to raise State revenues by 25 per cent'
Service tax on import of services — ICAI favours `place of supply' rules
No VAT on life-saving drugs, medical kits in Delhi
Blueprint sought for new dam at Tumbe
Euro Tech shifts to new campus at Kakkanad
TAPMI opens centre in Bangalore for executive education
Elico, SKU sign pact to impart industry training
Kerala Minister says `no' to Coke
Real estate market booming across board
Vijay Shanthi Builders eyes premium segment
Metcorp in pact with Jurong for mega township near Devanahalli
Cushman & Wakefield plans private equity fund
German biotech team to take part in Bangalore Bio 2005
National Geographic, IBM to track human family tree
Scientists target on developing surface-to-air missile
`Iron ore exports set to touch Rs 1,393 cr'
Birlas organise multimedia exhibition on Mahatma
RK Mission seeks ICAI help for FBT exemption
ADB clears $200-m package for tsunami-hit States
Kerala Cabinet panel to study Halcyon Castle issue


The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | The Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright 2005, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line