Indian Exports and Imports Data- The Balance of Trade

Indian Exports and Imports data is the data that is collected by different agencies in the country to determine the amount of goods and services that the country is buying from different nations. But before we state the full extent of the trade that India carries out and the full extent of the data related to it, we must 1^st have an understanding of what exports and imports are. Exports can be defined as the amount of goods that have been sold by a country to another country in exchange of some commonly accepted currency
and imports can be defined as the process of a nation buying goods from another nation in exchange of a commonly accepted currency. The commonly accepted currency is usually the US Dollar or the Euro. 

Balance of trade and its affect on import and export:

Indian Exports and imports data are often the corner stone to determine the balance of trade for the country, i.e. whether the country is facing a trade surplus or trade deficit. The balance of trade can be defined in simple terms as the tipping scale for the trade balance of the economy. I case the country is earning more from exports than form imports the country is said to have a balance of trade surplus and in case the country is spending more on imports than it is earning on exports then country is said to have a balance of trade deficit.  

Indian Export and Import Data tell us that India is currently facing a negative (deficit) balance of trade.

Source: http://goo.gl/Mpfjxj