\n| The foreign trade (export+import) has increased from 42 billion US $, in 1990-91 to 765 billion US$ in the year 2013-14 with an annual average growth rate of 13.42% and has increased 18 folds during the period. <\/p>\n The gap, between value of import and export, which is Trade deficit, has also increased during the said period. The trade deficit has increased from 6 billion US $ in 1990-91 to 136 billion US $ in 2013-14. Foreign trade i.e. exports and imports are influenced by a number of macroeconomic factors of the country and the world, like demand and supply, exchange rates, economic conditions of different countries. <\/p>\n Top 10 countries, which have imported more from India than exported to India during 2013-14 are USA, Singapore, Bangladesh, Hong Kong, Netherlands, Sri Lanka, U.K., Kenya, Nepal, Vietnam etc. whereas during 1990-91 such countries were USSR, Hong Kong, Bangladesh, Thailand, Sri Lanka, Egypt, Mauritius, Spain, Afghanistan, Nigeria etc. <\/p>\n The details of country wise Exports and Imports and quantity are available in the DGCI&S publication in CD form namely \u2018Monthly Statistics of Foreign Trade of India\u2019 Vol. I (Exports) & Vol.II (Imports). Such CD\u2019s are regularly sent to Parliament Library by DGCI&S, Kolkata. <\/p>\n This information was given by the Minister of State (Independent Charge) in the Ministry of Commerce & Industry Smt. Nirmala Sitharaman in a written reply in Lok Sabha today. <\/p>\n ******<\/div>\n RC
(Release ID :113742)
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