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 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 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.
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