Exports, imports (international trade): India
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Creative goods and services, export of
2012-13
The Times of India, September 25, 2015
India's soft power through the export of entertainment movies, music, television sitcoms and cricket -is indisputable. Data on the export of creative goods and services as a proportion of total exports, however, suggests it is a bit overrated. According to the recently released global innovation index, India was 59th in the world in the export of cultural and creative services (audio visual and other recreational services). In exports of creative goods (merchandise, processing and repairs of goods categorised as creative), India is ranked 18th.Interestingly, China is ranked above India in both these categories.
Trade deficit
2005-16
See graphic
2013-16
The Times of India, May 10 2016
India has trade deficit with 27 countries
India has a trade deficit with as many as 27 major countries, in cluding China, Australia, Iraq and Iran, during the last three years. With these countries, India has trade deficit continuously during the last three years, commerce and industry minister Nirmala Sitharaman said in a written reply to the Lok Sabha.
She said India generally runs a deficit with those countries from which highdemand commodities are sourced. These include items like crude oil, gold, diamond and fertiliser.
In 2015-16, India's trade deficit fell 14% to $118.4 billion. Other countries with which India has a trade gap include Indonesia, Korea, Germany , Canada, Taiwan, Russia and Ukraine.
In a separate reply , she said India's exports have been adversely affected by recessionary trends across the globe, including in the EU and the US. India's agriculture exports during April-February 2016 worked out at $18.8 billion as against $18.7 billion in 2014-15, the minister said.
2014-17
See graphic, ' India’s external trade, 2014-17'
Nov 2016-April 2017
See graphic.