Imports of India : Imports trade of India refers to buying goods from foreign countries and bringing them to home country.
The main items of Imports of India are :
1. Petroleum crude and products :
- It is the most important materials of Indian.Imports.
- In 2006-2007 India imported rupees 2,58,572 crores worth of crude oil and other petroleum products.
- It contributed 23% of our total imports.
2. Pearls precious and semi precious stones : India imported rupees 33,881 crores worth of precious stone.
3. Capital goods : In 2006-2007 India imported rupees 2,51,136 crores worth of capital goods.
4. Fertilizers : India is a major importer of chemical Fertilizers. It is because the country is agrarian and the Internal production of fertilizers is insufficient. Potash fertilizers are largely imported.
Exports of India : Export trade of India refers to the sale of goods and services by India to other countries of the world.
The main items of our exports are as follows :
1. Agricultural and Allied products: Products such as cereals, pulses tobacco, spices, nuts and seeds, oil meals, caster oil etc.
During 2011-2012 exports income is about US dollar 13300.63 million.
2. Ores and minerals: Export of ores and minerals like Iron ore, Manganese, Micca was estimated at US dollar 4700.29 million during 2011-12.
3. Gems and Jewellery: India imports gems and precious stones in their raw form and exports them after proper cutting and polishing.
4. Electronic goods: Items under this group of consists of machinery, iron, steel and other engineering items.
5. Petroleum products: Export of petroleum products increased to US dollar 34667.02 million.
