Foods For Trade - B2B Country Profile

IIndia is the second most populous country in the world and the world's 11th largest economy in terms of GDP. Its economy is mainly based on services, which contribute to more than half of the GDP, thanks to the Software and the New Information Technologies (NIT) sectors. Industry accounts for 28% of GDP, led by the textile and chemical industry sectors. India is also the world's fourth agricultural power. Agriculture contributes to about 20% of GDP and employs close to two-thirds of the active population. For more information, you can consult the last report of the Federation of Indian Chambers of Commerce and Industry on the Current state of Indian Economy. Thanks to advantages such as a high rate of specialization in services, a skilled English-speaking labor force, a potential market of one billion inhabitants and incentives (tax holidays, tax concessions, Special Economic Zones (SEZs), bilateral investment protection), India is attracting more and more foreign investment, especially in the service sector (21% of the total of FDI) and the computer software & hardware sector (9%). For more information, consult the India Finance and Investment Guide from the Foreign Investment Promotion Board

Economy Statistics

Exports:	$69.18 billion f.o.b. (2004 est.) [?] This entry provides the total US dollar amount of merchandise exports on an f.o.b. (free on board) basis. These figures are calculated on an exchange rate basis, i.e., not in purchasing power parity (PPP) terms. Close
Export Commodities:	textile goods, gems and jewelry, engineering goods, chemicals, leather manufactures [?] This entry provides a rank ordering of exported products starting with the most important; it sometimes includes the percent of total dollar value. Close
Export Partners:	US 17%, UAE 8.8%, China 5.5%, Hong Kong 4.7%, UK 4.5%, Singapore 4.5% (2004) [?] This entry provides a rank ordering of trading partners starting with the most important; it sometimes includes the percent of total dollar value. Close
Imports:	$89.33 billion f.o.b. (2004 est.) [?] This entry provides the total US dollar amount of merchandise imports on a c.i.f. (cost, insurance, and freight) or f.o.b. (free on board) basis. These figures are calculated on an exchange rate basis, i.e., not in purchasing power parity (PPP) terms. Close
Import Commodities:	crude oil, machinery, gems, fertilizer, chemicals [?] This entry provides a rank ordering of imported products starting with the most important; it sometimes includes the percent of total dollar value. Close
Import Partners:	China 6.1%, US 6%, Switzerland 5.2%, Belgium 4.4% (2004) [?] This entry provides a rank ordering of trading partners starting with the most important; it sometimes includes the percent of total dollar value. Close

Company Browser

The Associated Chambers of Commerce and Industry of India
Address:	Corporate House, 147 B Gautam Nagar Gulmohar Enclave, New Delhi-110 049
Phone:	91-11-26512477-79
Fax:	91-11-26512154
Website:	http://www.assocham.org/

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