Exports Industry

Exports mean goods and services that are produced in one country and sold to buyers in another Country. Exports, along with Imports, make up international trade. It allows the target country to eliminate the cost of establishing manufacturing operations in the Targeted Country. Also, it helps in achieving the targeted economic curve.

India Exports 7500 Commodities Approximately to about 190 Countries, and Imports 6000 Commodities Approximately from more than 140 Countries. India Exported US$ 318.2 Billion and Imported US$ 462.9 Billion worth of commodities in 2014.

According to The Government of India’s Economic Survey, 2017–18 noted that five States — Maharashtra, Gujarat, Karnataka, Tamil Nadu, and Telangana — accounted for 70% of India’s Total Exports. The survey included International Export Data for States Also, found a high correlation between a State’s Gross State Domestic Product (GSDP) Per Capita and its share of Total Exports. The survey also found that the largest firms in India contributed to a smaller percentage of exports when compared to countries like Brazil, Germany, Mexico, and the United States. The top 1% of India’s companies accounted for 38% of total exports.