Export as Basis of Economic Development

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....xport as Basis of Economic Development <br>News and Press Release<br>Dated:- 17-12-2012<br><BR>Press Information Bureau Government of India Ministry of Commerce & Industry 17-December-2012 16:37 IST Exports have always played an important role in the economic development of most countries. This is evident even in Indian case from the continuous upward movement of percentage share of merchandis....

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....e exports in the overall GDP of India from 13.9 percent in 2009-10 to 16.0 percent in 2010-11 and 17.7 percent in 2011-12. As per the WTO trade statistics India's share in the total global exports has been measured at 1.07% during 2007, 1.21% during 2008, 1.31% during 2009, 1.48% during 2010 and 1.67% during 2011. The difference between imports and exports is the measure of Trade Balance, which c....

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....ontributes to Current Account Balance stability of a country. Macro Economic growth and stability of a country has a very close correlation with Current Account Balance of that country. Hence, Government and policy makers keep a close watch on Trade Balance and Current Account Balance. The table below gives the figures of Exports and Exports and Trade Balance for the last three years as also for ....

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....April - October of the current year: Rs. Crore Year Exports Imports Trade balance Trade balance as % of GDP 2009-10 845534 1363736 -518202 8.5 2010-11 1142922 1683467 -540545 7.6 2011-12* 1459281 2344772 -885492 10.8 2012-13*(Apr-Oct.) 908340 1507203 -598862 * Provisional. Source: DGCI&S, Kolkata. This information was given by the Minister of State for Commerce & Indust....

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....ry Dr. D. Purandeswari in written reply to a question in Lok Sabha today. ****** DS/RK<BR> News - Press release - PIB....