India Import and Export Data – deciphering India’s economic health

India Import and export data can be used as a yardstick for measuring the economical status of a country. The current financial situation is revealed by how much more a country is able to export over and above its necessary imports. The data compiled from India’s imports and export figures are used by the government, customs officials and international financial institutions, for analyzing the country’s financial worthiness.
Depending on the financial capacity more loans and financial aids may be given for boosting development of infrastructure and other necessities.

India import and export data reveals that much of India’s exports consist of gems, stones, precious metals, furniture, medicines, electronic equipment, etc. Manpower is also exported to other countries on a large scale. As far as imports are concerned the major components of import include crude oil, mineral oils, plastic products, branded clothing, mobile phones, electronic gadgets like laptops, cameras, televisions, etc. Imports are heavily controlled as they have a negative bearing on the economy of the country’s financial resources.

India import and export data help in monitoring and regulating the extent of imports and exports in a country that aids in maintaining its economic status.