EXPORT-IMPORT BANK OF INDIA:

Catalysing Indias Trade and Investment

July 01, 2015

INDIAN ECONOMY SNAPSHOT

PARAMETER

FY 2010

FY 2013

FY 2014

FY 2015

GDP (current prices, US$ bn)

1365.4

1835.8

1875.9

2050.6

8.6

5.1

6.9

7.4e

Exports Merchandise (US$ bn)

178.8

300.4

314.4

309.6

Imports Merchandise (US$ bn)

288.4

490.7

450.2

447.5

96.0

145.7

151.5

155.4

49.7

65.9

69.4

73.1

60.0

80.8

78.5

79.8

Current Account Balance (US$ bn)

-38.4

-87.8

-32.4

-27.5

Forex Reserves (US$ bn) (as on end-March)

279.1

292.0

304.2

341.6

FDI Inflows (US$ bn)

37.7

34.3

36.0

44.9

FDI Outflows* (US$ bn)

18.0

26.9

30.9

36.9

GDP Growth (constant prices, %)

Exports Services (US$ bn)

Software Exports (US$ bn)

Imports Services (US$ bn)

Note: e: estimates; * - FDI Outflows include Equity, Loan and Guarantee Issued
Source: IIF, MOCI, CSO, RBI

INDIAS INTERNATIONAL TRADE

Towards Increased Global Integration through Trade

India's Exports

India's Imports

India's Total Trade

India's Trade Balance

795.3

791.1

764.6

US$ 467 billion in FY2010 to US$ 757 billion in FY2015

757.1

FY2015

467.1

447.5

309.6

450.2

314.4

490.7

300.4

489.3

306.0

369.8

249.8

288.4

178.8

Exports from India have increased at a CAGR of 11.6%

from 179 billion in FY2010, to US$ 310 billion in

619.6

(US$ bn)

Indias total merchandise trade increased from

Indias Export to GDP ratio increased from 13.3% in

FY2010 to 15.6% in FY2015

Share of India in world merchandise export 1.7% in

2014; Rank 19 (up from 29th in 2005)

2009-10

2010-11

-109.6

-120.0

2011-12
-183.3

2012-13
-190.3

2013-14

2014-15

-135.8

-138.0

Foreign Trade Policy 2015-2020 aims at increasing

Indias merchandise and services exports to US$ 900
billion by FY 2020

Source: Ministry of Commerce & Industry, Government of India

INDIAS SHARE IN GLOBAL MERCHANDISE EXPORTS

Rankings
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29

Country
Grand Total
Germany
USA
China
Japan
France
Netherlands
UK
Italy
Canada
Belgium
Hong Kong
South Korea
Russia
Singapore
Mexico
Chinese Taipei
Spain
Saudi Arabia
Malaysia
Sweden
Switzerland
Austria
Brazil
UAE
Thailand
Ireland
Australia
Norway
India

Source: WTO

2005

Country

2010

Country

2012

Country

2013

Country

2014

100.0
9.2
8.6
7.3
5.7
4.4
3.9
3.7
3.6
3.4
3.2
2.8
2.7
2.3
2.2
2.0
1.9
1.8
1.7
1.3
1.2
1.2
1.2
1.1
1.1
1.1
1.0
1.0
1.0
0.9

Grand Total
China
USA
Germany
Japan
Netherlands
France
South Korea
Italy
UK
Belgium
Hong Kong
Russia
Canada
Singapore
Mexico
Chinese Taipei
Spain
Saudi Arabia
India
UAE
Australia
Brazil
Malaysia
Switzerland
Thailand
Poland
Sweden
Indonesia
Austria

100.0
10.3
8.4
8.2
5.0
3.8
3.4
3.0
2.9
2.7
2.7
2.6
2.6
2.5
2.3
1.9
1.8
1.7
1.6
1.5
1.4
1.4
1.3
1.3
1.3
1.3
1.0
1.0
1.0
1.0

Grand Total
China
USA
Germany
Japan
Netherlands
France
South Korea
Russia
Italy
Hong Kong
UK
Canada
Belgium
Singapore
Saudi Arabia
Mexico
UAE
Chinese Taipei
India
Spain
Australia
Brazil
Thailand
Malaysia
Switzerland
Indonesia
Poland
Sweden
Austria

100.0
11.1
8.4
7.6
4.3
3.6
3.1
3.0
2.9
2.7
2.7
2.6
2.5
2.4
2.2
2.1
2.0
1.9
1.6
1.6
1.6
1.4
1.3
1.2
1.2
1.2
1.0
1.0
0.9
0.9

Grand Total
China
USA
Germany
Japan
Netherlands
France
South Korea
UK
Hong Kong
Russia
Italy
Belgium
Canada
Singapore
Mexico
UAE
Saudi Arabia
Spain
India
Chinese Taipei
Australia
Brazil
Switzerland
Thailand
Malaysia
Poland
Indonesia
Austria
Sweden

100.0
11.7
8.4
7.7
3.8
3.6
3.1
3.0
2.9
2.8
2.8
2.8
2.5
2.4
2.2
2.0
2.0
2.0
1.7
1.7
1.6
1.3
1.3
1.2
1.2
1.2
1.1
1.0
0.9
0.9

Grand Total
China
USA
Germany
Japan
Netherlands
France
South Korea
Italy
Hong Kong
UK
Russia
Canada
Belgium
Singapore
Mexico
UAE
Saudi Arabia
Spain
India
Chinese Taipei
Australia
Switzerland
Malaysia
Thailand
Brazil
Poland
Austria
Indonesia
Czech Republic

100.0
12.4
8.6
8.0
3.6
3.6
3.1
3.0
2.8
2.8
2.7
2.6
2.5
2.5
2.2
2.1
1.9
1.9
1.7
1.7
1.7
1.3
1.3
1.2
1.2
1.2
1.1
0.9
0.9
0.9

INDIAS EXPORT: Shifting Southwards

Indias Export Destinations 2004-05 (US$ 83.5 bn)
CIS & Baltics Others
0.5%
1%

Indias Export Destinations 2014-15 (US$ 309.6 bn)

CIS & Baltics Others
1%
1%

Europe
18%

Europe
24%
Asia
48%

Africa
7%

Africa
11%

Asia
50%

North America
17%
LAC
3%

North America
14%
LAC
5%

Direction of exports moving towards Developing countries

Share of Asia, Africa and LAC regions increased sharply from 58% in 2004-05 to 66% in 2014-15; Of this, share of Asia
region rose from 48% to 50% during this period
Future trade flows to be geared towards the developing nations (buttressed by GOI policies)

Source: Ministry of Commerce & Industry, Government of India

INDIAS IMPORT: Shifting Southwards

Indias Import Sources 2004-05 (US$ 111.5 bn)

Indias Import Sources 2014-15 (US$ 447.5 bn)

CIS & Baltics
2%

Europe
16%

Europe
23%

Others
27%

Africa
8%

Africa
3%
CIS & Baltics
2%
Asia
36%

Others
2%

North America
7%

Asia
59%

North America
6%

LAC
7%

LAC
2%

Direction of imports also moving towards the Developing countries, particularly Asia, Africa and LAC

Share of Asia, Africa and LAC regions increased sharply from 41% in 2004-05 to 74% in 2014-15; Of this, share of Asia
region rose from 36% to 59% during this period

Source: Ministry of Commerce & Industry, Government of India

INDIAS MAJOR TRADING PARTNERS

Top Export Destinations (FY 2015, US$ bn)
USA

42.4

UAE

33.0

Hong Kong

13.5

China

12.0

Saudi Arabia

11.2

Singapore

10.0

UK
Germany

Top Import Sources (FY 2015, US$ bn)

9.3
7.5

Sri Lanka

6.7

Netherlands

6.3

Total Exports: US$ 309.6 bn

Source: Ministry of Commerce & Industry, Government of India

China

60.4

Saudi Arabia

28.2

UAE

26.2

Switzerland

22.1

USA

21.6

Indonesia

14.9

Qatar

14.6

Iraq

14.2

Nigeria

13.7

South Korea

13.5

Total Imports: US$ 447.5 bn

INDIAS TRADE BASKET

Top Import Items (FY 2015, US$ bn)

Top Export Items (FY 2015, US$ bn)

Petroleum Products

56.7

Pearls, prec. & semi-prec.

stones

24.6

Gold, other prec. metal

jewellery

13.2

Drug formulations, biologicals

11.2

Petroleum: crude

116.4

Gold

34.4

Pearl, prec., semi-prec. stones

22.5

Petroleum products

21.9

RMG cotton incl accessories

9.3

Coal, coke and briquittes

Iron and steel

8.7

Telecom instruments

14.7

Products of iron and steel

7.6

Iron and steel

12.3

Motor vehicle/cars

6.7

Organic chemicals

11.3

17.7

Total Imports: US$ 447.5 bn

Total Exports: US$ 309.6 bn

Aircraft, spacecraft and parts

6.2

Vegetable oils

9.7

Cotton fabrics, madeups

5.5

Plastic raw materials

9.2

Source: Ministry of Commerce & Industry, Government of India

INDIAS TRADE IN SERVICES

Total Trade in Services
Exports

Imports

Software Exports

Trade Balance

217.8

226.5

Total Trade
230.0

235.2

205.2
62.2
156.0

73.1

53.1

155.4

151.5

145.7
80.8
64.9

78.5
73.0

79.8
75.6

140.9
44.0

2010-11

76.9
64.0

2009-10

124.6
80.6

96.0
60.0
36.0

(US$ bn)

(US$ bn)

49.7

65.9

69.4

2011-12

2012-13

2013-14

2014-15

* NASSCOM Estimates

Source: Reserve Bank of India (RBI)

2009-10

2010-11

2011-12

2012-13

2013-14

2014-15

INDIAS DIRECT INVESTMENT FLOWS

Foreign Direct Investment Inflows & Outflows
FDI Inflows

FDI Outflow

46.6

44.9

43.9
37.7

36.0

34.3

36.0

(US$ bn)

US$ 45 bn in 2014-15, as compared to

36.9
30.9

30.9

FDI inflow into India increased to

26.9
18.0

US$ 36 bn in 2013-14
FDI outflow from India stood at

US$ 30.9 bn in 2014-15, against US$

36.9 bn in 2013-14
2009-10

2010-11

2011-12

2012-13

2013-14

Note: FDI Outflows include Equity, Loan and Guarantee Issued

Source: Reserve Bank of India (RBI)

2014-15

10

INDIAS FOREIGN DIRECT INVESTMENT FLOWS

Indias FDI Inflows FY 2015 stood at US$ 30.9 bn#
Top FDI Investing Countries

UAE
1%

Germany
2%

Sector-wise FDI Inflows

Services
sector*
11%

Others
18%
Mauritius
27%

France
2%

Others
35%

Telecom
9%
Trading
9%

Cyprus
3%
USA
4%
Singapore
21%

Netherlands
5%
Japan
6%

UK
11%

Power
2%
Chemicals (other
than fertilizers)
2%
Construction
development**
Hotel & tourism
3%
3%

Automobile
ind.
8%

Misc. mechanical
Petroleum & & engineering
natural gas
ind.
3%
4%

Computer
software &
hardware
7%
Pharmaceuticals
4%

#- data is for FDI equity inflow; * - Services sector includes Financial, Banking, Insurance, Non-Financial / Business, Outsourcing, R&D, Courier, Tech. Testing and Analysis; **- Construction
Development includes Townships, Housing, Built-up Infrastructure

Source: DIPP

11

INDIAS FOREIGN DIRECT INVESTMENT FLOWS

Indias FDI Outflows FY 2015 (US$ 30.9 bn)
Regional FDI Outflows

Cayman
Island
2%
Azerbaijan
2%
Switzerland
3%
UK
4%

Financial, ins.
& business Construction
5%
services
8%

Others
9%
Netherlands
26%

UAE
5%
USA
6%
Mozambique
7%

Singapore
14%

Mauritius
12%
British Virgin
Island
10%
Note: FDI Outflows include Equity, Loan and Guarantee Issued (Approved ODI)

Source: Reserve Bank of India

Sector-wise FDI Outflows

Others
4%

Transp., stora
ge &
communicatio
n services
28%

Wholesale, r
etail
trade, restau
rants &
hotels
10%
Agriculture &
mining
21%

Manufg.
24%

12

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