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Global Trade Volume of India

India’s economy has two different structures: the services sector, which employs the most intelligent of the middle class, and the agriculture sector, where the less educated labor force is employed. While the manufacturing sector produces poor quality goods, it has entered into this change in recent years. The share of the services sector in GDP with strong growth in 2015 was 58.9%. While the agricultural sector was 16.6% and industry was 24.5%, it is to say that PraeGlobal played an active role in India.

Although the economy’s commitment to agriculture has decreased in recent years, monsoon rains have caused fluctuations in GDP. Landowners can make enough agriculture to survive. India has a large number of highly qualified laborers and several industrial groups.

India Economy Datas

2013 2014 2015 2016 2017
Population (billion) 1.279 1.295 1.311 1.326 1.342
Per Capita GDP ($) 1.465,5 1.584,1 1.621,4 1.694,7 1.837,8
GDP (billion $) 1.875,1 2.051,9 2.125,6 2.248,5 2.467,3
Foreign Trade Balance -162 -143 -133 -145 -160
Export ($) 319 329 265 283 307
Import ($) -482 -472 -398 -429 -467
Jobless Rate 8,4 8,4 8,5
Foreign Trade Volume 296 322 351 365 367
Inflation rate (Consumer Price Index, annual change %) 9,9 6,7 4,9 5,2 5,7

Trade Qualities

  1. Agriculture and Stock Raising

    The world as an area 7. India has the potential to produce, process and export agricultural products with agricultural land and suitable climate conditions. In India, one of the world’s largest agricultural producers, the food industry is also packed with great opportunities for producers with a wide and growing consumer group. Although the agricultural sector accounts for 20% of GDP, it employs 60% of the workforce. During the post-reform period, the agricultural sector increased but the growth rate of the agricultural sector was very low between 2014 and 2016 due to the low climate changes and monsoon rains. Wheat, sugarcane, rice, cereals, jute, cotton, pulses, vegetables and fruits, meat and dairy products, tea, tobacco, coffee, spices, and oilseeds are included in Indian agricultural products.

  2. Industry

    The industrial sector, whose share in GDP was 31%, grew above 7% in 1980 and 1990 and fell to around 5% After the second half of 1990. However, thanks to strong consumer demand and exports, the industry grew strongly between 2002 and 2011. The slower growth rate caught up again after 2014. India is a product of industrial products, pharmaceutical industry, chemicals, textile industry, information technology, automotive main and auxiliary industry products, agriculture and construction machinery, construction materials, electric energy production and consumer durables.

  3. Service Sector

    India, one of the largest countries in the Software Industry, is one of the world’s most important software and service exporters. India’s IT sector, technological infrastructure, trained manpower, competitive firms and government support has accelerated its development. Especially with cheap and qualified workforce and special programs, India is one of the most important centers in the world in the field of outsourcing. India, the largest supplier of software services globally, controls the call centers of many international companies operating in the fields of technology, banking, insurance, telecommunications and business services.

  4. Building

    Building sector accounts for 7% of GDP. Approximately 40 million people are employed in the construction sector. The construction sector is one of the most growing sectors in recent years. Road construction, Airport and port construction are important construction sites. According to the government’s 5-year investment plan, 40% of public investment expenditures will be made in the building sector.

Economic Performance

With the economic reforms launched in 1990, India’s economy has grown steadily over the years. Since 2003, economic growth has been over 8% each year and reached 9.7% in 2006. Due to the global economic crisis experienced in 2008, the growth rate remained at 6.1%. Public expenditures contributed 6% to growth in 2003 and 2007, where growth was high. This shows that public expenditures are very high.

Because of the demand for this sector, if you want to improve your business by investing in the country, we are ready to offer you consultancy as PraeGlobal. We are ready to share our knowledge with you as we have mastered all laws and economic opportunities in the country. We will provide all kinds of support for your company and we will be with you with all consultancy services with our expert staff in the process of establishment of your company.

With PraeGlobal’s active staff, you will feel like you are at home even you are in abroad.

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