Press Information Bureau
Government of India
Ministry of Commerce & Industry
08-August-2012 16:51 IST
Effect of Economic Recession on Import-Export Trade
Anticipating that the situation is likely to be adverse, Government had announced a package on 5th June, 2012. In addition a strategy paper to double our exports by 2013-14 was released in May 2011. Earlier measures taken by the Government and RBI include the announcements made in the Budget 2009-10 and 2010-11; in the Foreign Trade Policy (FTP) 2009-14; thereafter in January / March 2010; in the Annual Supplement to FTP released on 23rd August, 2010; and in announcements made in February and October, 2011. To increase our share in various export markets and to diversify our market and products, incentives have been provided under schemes viz. Focus Product Scheme, Focus Market Scheme, Market linked Focus Product Scheme and Vishesh Krishi and Gram Udyog Yojana.
INDIA’s EXPORTS | | | |
| | | Figures are in billion US Dollar |
| | | | | |
Sl. No. | Commodities Groups | 2010-11 | 2011-12 @ | 2012-13 (April-June) @ |
1 | Engineering Goods | 49.8 | 58.2 | 14.7 |
2 | Petroleum Products | 41.5 | 55.6 | 12.9 |
3 | Gems & Jewellery | 40.5 | 47.0 | 10.1 |
5 | Drug, Phrmcutes & Fine Chemls | 10.7 | 13.2 | 3.4 |
4 | RMG of all Textiles | 11.6 | 13.7 | 3.2 |
6 | Other Basic Chemicals | 8.6 | 11.2 | 2.8 |
7 | Electronic Goods | 8.2 | 8.9 | 2.1 |
8 | Cotton Yarn/Fabs./made-ups, Handloom Products etc. | 6.1 | 7.4 | 1.5 |
11 | Rice | 2.5 | 4.9 | 1.5 |
9 | Plastic & Linoleum | 4.7 | 6.4 | 1.4 |
10 | Man-made Yarn/Fabs./made-ups etc. | 4.3 | 5.1 | 1.2 |
12 | Leather & leather manufactures | 3.8 | 4.7 | 1.1 |
14 | Mica, Coal & Other Ores, Minerals including processed minerals | 3.9 | 3.7 | 1.0 |
13 | Iron Ore | 4.7 | 4.4 | 1.0 |
16 | Spices | 1.8 | 2.7 | 0.7 |
15 | Marine Products | 2.6 | 3.4 | 0.7 |
17 | Oil Meals | 2.4 | 2.4 | 0.6 |
18 | Fruits & Vegetables | 1.2 | 1.3 | 0.3 |
19 | Coffee | 0.7 | 1.0 | 0.3 |
21 | Carpet | 1.0 | 0.8 | 0.2 |
22 | Tobacco | 0.9 | 0.8 | 0.2 |
20 | Cashew | 0.6 | 0.9 | 0.2 |
23 | Tea | 0.7 | 0.9 | 0.1 |
24 | Jute Mfg. including Floor Covering | 0.5 | 0.5 | 0.1 |
25 | Handicrafts excl. hand made carpet | 0.3 | 0.2 | 0.02 |
26 | Computer Software | 0.1 | 0.1 | 0.01 |
| Sub-Total | 213.8 | 259.5 | 61.3 |
| Total | 251.1 | 304.6 | 75.2 |
Source : DGCI&S. @: Figures are provisional | |
This information was given by the Minister of State of Commerce and Industry, Shri Jyotiraditya M. Scindia in a written reply in the Rajya Sabha today.
DS/GK
Export promotion measures announced to counter recessionary impact, using targeted incentive schemes to diversify markets and products. Government announced a package and reiterated export-promotion measures-building on Budget, Reserve Bank and Foreign Trade Policy actions-and identified targeted incentive schemes such as the Focus Product Scheme, Focus Market Scheme, Market Linked Focus Product Scheme and Vishesh Krishi and Gram Udyog Yojana to increase market share, diversify export markets and broaden product composition.
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