Welcome
Buyer Community> Trade Intelligence> international trade special> INDIA'S SHARE IN WORLD TRADE 0.67%
Source: Goverment Websites

INDIA'S SHARE IN WORLD TRADE 0.67%

Published: 30 Jun 2010 22:23:48 PST

The share of India's merchandise exports in world trade is 0.67% during the year 2000, according to the WTO report. Indicating this in a written reply in the Lok Sabha today, Shri Murasoli Maran, Union Minister of Commerce&Industry, said that export promotion being a constant endeavour of the government, export progress was constantly monitored and export strategy and export policies formulated. A number of steps have been taken to enhance the export growth which include reduction in transaction costs through decentralisation, simplification of procedures and various other measures as enumerated in the Exim Policy. Steps have also been taken to promote exports through multilateral & bilateral initiaites, identification of thrust sectors and focus regions. Special Economic Zones are being set up to further boost the exports. Besides these, the measures announced in the new Exim Policy 2001-2002 inter-alia include promotion of agricultural exports, market access initiative, setting up business cum trade facilitation centre and trade portal, strengthening of the Advance Licensing Scheme, Duty Free Replenishment Certificate (DFRC), Duty Entitlement Pass Book (DEPB) Scheme etc., he added. Meanwhile, the share of export of services to the country's total exports of merchandise goods and services has increased from a level of 20.05% in 1990-91 to 29.91% in 1999-2000. The increase in the export of services was mainly on account of the increase in the export of software services. However, the details regarding the number of professionals, non-professionals in the service sector are not available.

Source from: http://commerce.nic.in/PressRelease/pressrelease_detail.asp?id=540

Related Article
Most Popular