However, the global economic slump followed by a general deceleration in world trade saw the exports as a percentage of imports drop to 61.4% in 2008–09. India's growing oil import bill is seen as the main driver behind the large current account deficit, which rose to $118.7 billion, or 11.11% of GDP, in 2008–09. India is the 17th largest export economy in the world and the 45th most complex economy according to the Economic Complexity Index (ECI). In 2017, India exported $292B and imported $417B, resulting in a negative trade balance of $125B. In 2017 the GDP of India was $2.6T and its GDP per capita was $7.06k. India's GDP grows at 8.2 per cent in 2018-19 Q1 However despite the strong Q1 numbers, there is apprehension about the economy slowing down. Considering April to February, the trade deficit narrowed to USD 143.12 billion from USD 173.00 billion in the same period of fiscal 2018-19. Balance of Trade in India averaged -2723.47 USD Million from 1957 until 2020, reaching an all time high of 258.90 USD Million in March of 1977 and a record low of -20210.90 USD Million in October of 2012. Merchandise Trade summary statistics for India (IND) including exports and imports, applied tariffs, top export and import by partner countries and top exported/imported product groups, along with development indicators from WDI such as GDP, GNI per capita, trade balance and trade as percentage of GDP for year 1991
India: Exports of goods and services as percent of GDP: For that indicator, The World Bank provides They are considered more open to international trade. India: Trade balance as percent of GDP: For that indicator, The World Bank provides data for India from 1960 to 2018. The average value for India during that India's trade and external sector had a significant impact on the GDP growth as Moreover, by implementing the FTP 2014-19, by 2020, India's share in world
Looking for facts about India? Learn more about the Indian economy, including the population of India, GDP, corruption, trade and more data and analysis in the Definition: Trade is the sum of exports and imports of goods and services measured as a share of gross domestic product. Description: The map below shows how Trade (% of GDP) varies by country. Guyana, Haiti, Holy See ( Vatican City), Honduras, Hong Kong, Howland Island, Hungary, Iceland, India, Indonesia, Iran 28 Feb 2020 GDP per capita for India is $6,570, ranking it at 72nd out of 89 countries. 18.8% market share of an annual export market worth $127 billion. 20 Feb 2019 The patterns of India's foreign trade have changed in the past three decades. The share of engineering goods has increased from 12 % to 28 %. years, however, India's GDP expanded faster than its international trade did.
Merchandise Trade summary statistics for India (IND) including exports and imports, applied tariffs, top export and import by partner countries and top exported/imported product groups, along with development indicators from WDI such as GDP, GNI per capita, trade balance and trade as percentage of GDP for year 1991 India's Investment accounted for 28.8 % of its Nominal GDP in Dec 2019, compared with a ratio of 29.3 % in the previous quarter. India's investment share of Nominal GDP data is updated quarterly, available from Jun 2004 to Dec 2019, with an average ratio of 34.6 %. The data reached an all-time high of 41.2 % in Sep 2011 and a record low of 28.8 % in Dec 2019.
the numerator of the trade/GDP ratio includes the sum of exports and imports, and the ratio over a decade comes with about half a percentage point faster annual growth in income per person, even after Haiti; Hungary; India; Jamaica;. Looking for facts about India? Learn more about the Indian economy, including the population of India, GDP, corruption, trade and more data and analysis in the