"The whole World has recognized India's future in knowledge based industries. It is the new economy and India has a big role in the new global economy"
Kerry Packer -
Former Australia's richest man.
Indian Economy and Foreign Trade
1. India's Foreign Merchandise Trade (Chart No.1):
| |
2018-19 |
2019-20 |
2020-21 |
| Exports (USD bn) |
330 |
313 |
290 |
| Imports (USD bn) |
514 |
475 |
389 |
| Trade Deficit (USD bn) |
184 |
162 |
99 |
2. India's Current Account Deficit as % of GDP and GDP (Chart No.2):
| |
2018-19 |
2019-20 |
2020-21 |
| Current Account Deficit as % of GDP |
-2.1 |
-0.9 |
1.0 |
| GDP Growth at Constant Prices |
6.5 |
4.0 |
-8.0 |
3. Sectoral Share % in GDP (Chart No.3):
| |
2018-19 |
2019-20 |
2020-21 |
| Services |
50 |
55 |
54.3 |
| Agriculture & Allied Sector |
18.2 |
18.4 |
20.1 |
| Industry |
31.8 |
26.7 |
25.6 |
|
4. India's Total Share (%) in Goods and Services In Global Trade (Chart No.4):
| |
|
|
2020-21 |
| In Global Merchandise Trade |
|
Export |
1.80 |
| In Global Merchandise Trade |
|
Import |
2.60 |
| In Global Commercial Services Export |
|
Export |
3.50 |
| In Global Commercial Services Export |
|
Import |
3.00 |
|
