Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
Press 'Enter' after typing page number.
Press 'Enter' after typing page number.
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
Press 'Enter' after typing page number.
Press 'Enter' after typing page number.
Don't have an account? Register Here
The details of India’s overall (merchandise and services) imports along with percentage change from 2009-10 to 2021-22 are as given in the table below:
Years | Value of Overall Imports (in US$ Billion) |
2009-10 | 348.40 |
2010-11 | 450.32 |
2011-12 | 567.55 |
2012-13 | 571.50 |
2013-14 | 528.95 |
2014-15 | 529.61 |
2015-16 | 465.64 |
2016-17 | 480.21 |
2017-18 | 583.11 |
2018-19 | 640.14 |
2019-20 | 602.98 |
2020-21 | 511.96 |
April-October, 2020 | 250.44 |
April-October, 2021 * | 405.31 |
Source: DGCI&S, Kolkata and RBI (*: Provisional)
The data reveals that India’s import declined during 2015-16, 2019-20 and 2020-21 by 12.08, 5.80% and 15.09% respectively.
Imports take place to meet the gap between domestic production and supply, consumer demand and preferences for various products. The Government has taken several steps to create/enhance domestic capacity, incentivise domestic manufacturing through Production Linked Incentive Schemes (PLI), phased manufacturing plans, timely use of trade remedy options, adoption of mandatory technical standards, enforcement of Free Trade Agreement (FTA) Rules of Origin (RoO) and development of import monitoring system.
This information was given by the Minister of State in the Ministry of Commerce and Industry, Smt. Anupriya Patel, in a written reply in the Lok Sabha today.
Import policy measures bolstered to incentivise domestic manufacturing, enforce rules of origin and enhance import monitoring and remedies. To address import dependence and support domestic supply, the Government has implemented measures including Production Linked Incentive Schemes, phased manufacturing plans, mandatory technical standards, enforcement of Free Trade Agreement Rules of Origin, use of trade remedy instruments, and development of an import monitoring system to incentivise domestic manufacturing and enable targeted monitoring and remedial action.Press 'Enter' after typing page number.