Export Sector of Indian Economy

Export Sector of Indian Economy has improved immensely over the years and has earned US $
125 billion in the current fiscal year. The goods exported from India mainly include wide variety
of agricultural products, chemicals, jewelery, garments, leather goods and so on.
India has developed business relations with a number of foreign countries like the member
countries of SAARC, some Eastern European countries as well as African countries, Members of
EU. The impressive list of countries includes:
Russia
UAE
USA
Hong Kong
UK
Japan
Germany
Singapore
Belgium
Malaysia
Netherlands
Bangladesh
Italy
Thailand
France
Australia
Belgium
The export sector of Indian economy has always delineated impressive growth in all the areas of
export, like the chemical industry in the financial year 2005-06 recorded US $ 12677.21million
from expots, whereas the export earning from gems and jewelery was US $ 13705.44million in
the same fiscal. The engineering industry has been performing consistently over the years in the
arena of exports as it secured the second position in terms of the earnings from exports in 200405, amounting to US $ 10516.45million, which increased to US $ 14587.37million in the next
fiscal. The performance of textile industry has fluctuated a little as the earning of the textile
industry from exports in the financial year 2004-05 was US $ 12204.71million which came down
to US $ 12017.46million in 2005-06.
USA has turned out to be the most significant export partner of India and the export sector of
Indian economy earned approximately US $ 13265.60 million in 2006-07. UAE has stood second
only to USA as UAE contributed 9.7 out of the total Indian earnings from exports in 2006-07. UK
and China has exchanged their positions in the current year as China's share among the exports
figure in India in 2006-07 has improved by 6.3 % in comparison to 2005-06. In 2004-05 Belgium
and Italy contributed substantially to the earnings from exports, with a contribution of US $
2442.09 million and US $ 2160.83 million respectively.
The major export products of India hail from the following divisions within the export
sector of Indian economy like:

Engineering Goods
Agricultural Products
Chemicals
Marine Products
Petroleum products
Leather Goods
Textiles
Plantations
Among the agricultural exports of India include Indian rice, raw cotton, cashew, sugar, tobacco,
spices, coffee, wheat and tea have become very popular in the international market on account of
their variety and excellent quality. The engineering industry serves to export electronic goods ,
transport equipments, iron and steel, and various machineries and the textile industry is engaged
in the export of ready made garments, jute, cotton yarn, carpets, woolen yarn, coir, artificial
fabrics and so on. Other significant export products include paints, rubber, iron ore, plastic,
pharmaceuticals etc.
The export barriers in India have been hampering Indian exports to a great extent and most of
such barriers have been announced by the European Union regarding certification requirements,
application of pesticides, dumping of waste products. But the most significant export barrier faced
by the Indian exporters is red tapism which is mostly accompanied by corruption. However, the
government of India has considered plans to liberate the Indian exporters from the cumbersome
paper works and simplify the required procedures.

Export Tariffs in India follows the regulations of the Customs Tariff Act and a substantial number
of export goods are subjected to tariffs presently, such as:
Manganese Ore
Chromium Ores
Black Pepper
Sillimanite
Raw Wool
Groundnut
Tea and so on.
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Major Export Products of India, Export from India
Exports have boosted the growth of Indian economy substantially and Indian exports in the
current year has earned nearly US $ 125 billion and is expected to earn US $ 160 billion for the
next fiscal year. The major export products of India include leather, medical appliances,
equipments, textiles and so on.
Leather Goods among Major Export Products of India:
India has developed over the years to become a key player in the export of leather goods and
accessories among the major export products of India.

India exports numerous leather products for daily use like leather wallets, belts, key holders,
folders, pouches, leather toys, handbags etc. Gift items made of leather such as Leather
notebooks, decorated leather journals, key rings, rugs are quite popular in foreign countries.

A large number of small scale, medium scale as well as large scale companies in India are
engaged in the export of leather goods, the list of such companies include:
Sharie International
Islam International
Indobest
Falcon International
Z.N.T International
Balaji Impex Private Limited
Paradise Noble Creations
Asian adores
The Lotus Handicrafts
New Era Overseas
Medical Appliances among Major Export Products of India:
Indian medical appliances have made their mark in the foreign countries on account of superior
quality and variety. Common medical appliances exported from India include absorbent gauze,
sterile gloves, crepe bandages, gauze sponge, surgical face masks, surgical caps, surgical
disposables. Export of specialized medical appliances have also gained importance among major
export products of India and appliances such as baby incubator, automatic vertical autoclave, air
ionisers, nelaton catheter, digital video colposcopes, digital imaging softwares.

A large number of small scale, medium scale as well as large scale companies in India are
engaged in the export of medical appliances goods, the list of such companies include:
Nidhi Meditech Systems
Coral Marketing
Narang Scientific Works Private Limited
Relique Technologies
Surya Surgical Industries
Chatterjee Surgical
United Surgical Industries
B. L. Lifesciences Private Limited
Paramount Surgical Emporium, Delhi
Magnum Medicare Pvt. Ltd.
Textile goods among Major Export Products of India:
Textile goods have gained prominence among the export products of India, designer garments for
ladies as well as gents manufactured by the big houses in India have created huge demand in the
International garment industry. The popular ladies garment include knitted tops, embroidered
salwar, sequin work blouses, sarongs, floral t-shirts, beaded garments, poplin embroidered kurta,
viscose crape printed skirt.

A large number of small scale, medium scale as well as large scale companies in India are
engaged in the export of textile goods, the list of such companies include:
Kshethra Exports
Mirza Fabric Private Limited
Kanha Designs Pvt. Ltd.
Knitco Fashionns
Boom Buying Private Limited
Revolution Exports
Flying Fashions
Subasri Textile
Vipro Garments
Kewal Impex
Sudharshanaa Tex
Macsam
Equipments among Major Export Products of India:
India caters to the need of varied equipments of the foreign countries, therefore the Indian
equipment industry have grown in leaps and bounds and ranks high among the major export
products of India like conveyor systems, hand pallet trucks, magnetic coolent cleaners, vibrating
screens, EOT cranes, industrial magnetic conveyors, cantilever racks, steel rolling mill plants,
hydraulic stackers, heavy duty pallet rack, pin pulveriser, agitator vessel, rotary vane feeders.

A large number of small scale, medium scale as well as large scale companies in India are
engaged in the export of equipments, the list of such companies include:
Orton Engineering Private Limited
A.S. Precision Machines Pvt. Ltd.
Dewas Techno Products P Ltd.
Metal Storage Systems Private Limited
Yagnam Pulverizer Private Limited
Elegant Engineers
Metro Engineering Industries
Jai Gopal Engineering Works Private Limited