Analysis of Export Opportunities and Performance in India

Abstract

Export refers to a product or service produced in one country but sold to a buyer abroad. Exports are one of the oldest forms of economic transfer, growth and occur on a large scale between nations. India's share of merchandise exports amounted to around 1.6 percent of the total global exports. Moreover, the share of commercial service exports from the country was higher at 3.5 percent during that same period. Exports have played an increasingly important role in India’s economic growth in the last two decades. Increasing demand and Growing population have an immense scope for international trade. Through international trade countries have started to export their surplus commodities that are produced to satisfy the unlimited and scare wants of the particular commodity in another country. In this paper we will be go through various opportunities available for exports from India. We could significantly expand markets, increase economic growth and opportunities, leaving less dependent on any single one. Greater production can lead to larger economies of scale and better margins. Research and development budget could work harder as you can change existing products to suit new markets. Exports provide the basis for sustainable development by earning necessary foreign exchange for the country to import necessary products. India has a wealthy history of International trade and is steadily working to harvest the benefits in the best possible manner. Growth of any developing country is direct related to its exports. If exports are greater than imports then nothing can stop a country from being a developed one. But on the other hand if there is instability in exports or if the exports of any developing country are less than its imports then it adversely affect the process of its economic development. Decrease in exports means low foreign exchange earnings which means less purchasing capacity of a country in the international market