Friday, April 25, 2014

Indian Export Data gives detailed information of nation’s exports



Exports are selling goods and services to other countries in return for foreign currency. Imports are purchasing materials or services by paying foreign currency. At present the US dollar or Euro is used to value international business transactions. The value of these currencies plays a major role in determining the profit or loss of international trade transactions.
Indian export data gives information as to the amount of goods send out of the country to other nations for sale. It gives all particulars like quantity of goods sent, their description, make, destination country (ies), port of clearance, etc.

Indian EXIM Company

Indian export data is widely used by traders, customs department and financial analysts. Traders use it to explore more business avenues, whereas customs department use such information to plug any revenues leaks. Financial analysts sketch the future economic plan of the country based on the current and past trend of exports. It also helps the government to make suitable provisions while preparing the annual budget.

Indian export data is a compilation of export transactions that have been affected from various ports in the country which provides useful information to traders, government and revenue departments to make suitable economic decisions.

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