India 19th largest exporter in world: Govt

[KRAIT]

I totally agree with you, Indian economic woes are a political problem, not an economic problem. Unless there is a drastic political change, don't expect its economy to change too much. Its up to the ordinary Indians to fix India now.

Well there are changes coming in India as the current work force, youth and middle aged men of our country is being brought up in a more professional way in business, jobs etc. The change is not drastic but a gradual change.

Youth have taken charge of educating the people and helping in small businessmen establishment.

Growing Indian students going to countries like US,UK, Germany etc. is helping in creating and hence attracting back professional Indians who have got education from the elite Universities of World like in that US, UK etc. an their experience in advance research labs and fortune 500 companies from around the world.

The growing FDI by US in India and also India in US is increasing. India investment in US is very low comparing to US to India.

Youth have become conscious about Social issues, not that significant but a critical change. The change will be visible after a decade.

 

[RealAmerican]

Well there are changes coming in India as the current work force, youth and middle aged men of our country is being brought up in a more professional way in business, jobs etc. The change is not drastic but a gradual change.

Youth have taken charge of educating the people and helping in small businessmen establishment.

Growing Indian students going to countries like US,UK, Germany etc. is helping in creating and hence attracting back professional Indians who have got education from the elite Universities of World like in that US, UK etc. an their experience in advance research labs and fortune 500 companies from around the world.

The growing FDI by US in India and also India in US is increasing. India investment in US is very low comparing to US to India.

Youth have become conscious about Social issues, not that significant but a critical change. The change will be visible after a decade.

Best luck to Indian with this transition. Hopefully, you can see changes after 10 years. There are already improvements in the last 15-20 years. But at the going rate, it would still take a while before true political change taking place. All these talk about BRIC is premature as India is recently labeled as the BRIC country with the most disappointing result. I don't think these foreign investors taking into account the how much the existing government hinder the economic growth.

 

[conworldus]

The data is not accurate I think. A big portion of the export for the European union is in fact intra-europe trade between different countries. Eu/Non-Eu trade is much smaller.

top 20 list million$
European Union (27) 6,038,595.0
China 1,898,381.0
United States 1,480,431.9
Germany 1,472,280.8
Japan 822,564.1
Netherlands 661,014.8
France 596,067.9
Korea, Republic of 555,213.7
Italy 523,182.6
Russian Federation 522,013.0
Belgium 476,659.6
United Kingdom 473,190.9
Hong Kong, China 455,649.7
Canada 452,440.0
Singapore 409,503.4
Kingdom of Saudi Arabia 364,735.5
Mexico 349,569.0
Spain 308,700.4
Taipei, Chinese 308,257.3
India 304,585.4
United Arab Emirates 285,000.0

the gap between 10th and 20th is only 188 billion,not big. so it is not hard to be in top 10 if india want to achive it,and the quickest way is selling some coal.

 

[djsjs]

The data is not accurate I think. A big portion of the export for the European union is in fact intra-europe trade between different countries. Eu/Non-Eu trade is much smaller.

it is from WTO.2010 data.not sure about europe as it is difficult to calculate, others are credible.

 

[TakeNoBS]

top 20 list million$
European Union (27) 6,038,595.0
China 1,898,381.0
United States 1,480,431.9
Germany 1,472,280.8
Japan 822,564.1
Netherlands 661,014.8
France 596,067.9
Korea, Republic of 555,213.7
Italy 523,182.6
Russian Federation 522,013.0
Belgium 476,659.6
United Kingdom 473,190.9
Hong Kong, China 455,649.7
Canada 452,440.0
Singapore 409,503.4
Kingdom of Saudi Arabia 364,735.5
Mexico 349,569.0
Spain 308,700.4
Taipei, Chinese 308,257.3
India 304,585.4
United Arab Emirates 285,000.0

the gap between 10th and 20th is only 188 billion,not big. so it is not hard to be in top 10 if india want to achive it,and the quickest way is selling some coal.

I'm ashamed that Taiwan only export 4 billion dollars more than India. What a disgrace to the Chinese race.

 

[Wright]

I'm ashamed that Taiwan only export 4 billion dollars more than India. What a disgrace to the Chinese race.

Lol look at the population difference.

 

[KRAIT]

Best luck to Indian with this transition. Hopefully, you can see changes after 10 years. There are already improvements in the last 15-20 years. But at the going rate, it would still take a while before true political change taking place. All these talk about BRIC is premature as India is recently labeled as the BRIC country with the most disappointing result. I don't think these foreign investors taking into account the how much the existing government hinder the economic growth.

Next election will bring a Development and Economy oriented Govt. There are good signs of it. That's why EU has approached the main candidate of Opposition party, Narendra Modi, as he is touted as next PM of India, and that guy means Business.

Indo-US trade will increase at good rate.

 

[Contrarian]

Its a freaking disgrace. Nothing more.

Just by virtue of our size we should be in the top 10!

 

[Kyusuibu Honbu]

Some data on Indian exports:

Manufacturing seems to be the only way to attain a trade surplus

 

[Contrarian]

Specifically manufacturing of electronic items.

Bloody give free land & zero tax, port access priority for 20 years to all major electronic equipment manufacturers to setup shop here! If that is what it takes then so be it!

 

[Roll in deep]

Singapore, India trade down 15.9% in 2012

SINGAPORE: The bilateral trade between India and Singapore fell by 15.9 per cent to SGD 29.8 billion ($24.05 billion) last year from 35.43 billion Singaporean dollar (SGD) in 2011, trade promotion agency International Enterprise (IE) Singapore said on Friday.

India, ranked 11 among Singapore's top 15 trading partners, accounting for 3 per cent of Singapore's total trade of SGD 984.9 billion in 2012, IE said.

The total trade of Singapore rose by 1.1 per cent in 2012 but was lower than previously projected range of between 3 per cent and 4 per cent due to the poor trade performance in the fourth quarter, it said.
It added that the global economic crisis also impacted the Singapore-India trade.

Singapore's total exports declined marginally by 0.9 per cent while imports grew by 3.2 per cent during the year.

Non-oil trade increased by 1.7 per cent while oil trade contracted by 0.4 per cent, it said.

Meanwhile, the Singapore's ministry of trade and industry said it was maintaining economic growth forecast at 1 per cent to 3 per cent for this year.

Singapore recorded a gross domestic product growth of 1.3 per cent last year, mainly due to weakness in the externally- oriented sectors.

The ministry said the global economic growth was likely to remain subdued during this year.

The global macroeconomic conditions have stabilised in recent months against the backdrop of improved financial market conditions, it said.

While the US housing market has shown signs of improvement, the strength of the economic recovery would be restrained by fiscal tightening, the ministry added.

The euro-zone economic growth was expected to remain stagnant, weighed down by ongoing fiscal tightening, private sector deleveraging, as well as high unemployment rates.

In Asia, growth was likely to be moderate, supported by resilient domestic demand and modest growth in external demand, the ministry said.

 

[faithfulguy]

Its a freaking disgrace. Nothing more.

Just by virtue of our size we should be in the top 10!

India has nothing to be ashamed of as it trade almost as much as Taiwan. Its Taiwan that should be ashamed as its trade is equivalent to that of India. And Taiwan has public bathrooms.