Effect of global downturn arrested through policy interventions, with merchandise exports growing in dollar terms by 5.17% and 9.94% in 2016-17 and 2017-18 respectively, and by 7.75% and 5.70% respectively in Rupee terms.
Merchandise exports grew from Rs. 19.05 lakh crore in 2013-14 to Rs. 19.55 lakh crore in 2017-18.
Services exports grew from US$ 152 billion in 2013-14 to US$ 192 billion in 2017-18.
Note: April-March 2017-18 data for services is arrived at by adding quarterly data of services from RBI on BoP basis for 3 quarters (April-December 2017) and the QE data of January, February & March 2018, therefore it is provisional data & subject to change.
India's total exports including services and merchandise, rose from US$ 466.22 billion in 2013-14 to US$ 495.42 billion in 2017-18 (P).
Exports witnessed a higher growth rate of 12.9% yoy in 2017-18 (P) (5.4% yoy in 2016-17). Imports also witnessed accelerated growth at 21.0% yoy in 2017-18 (P) (3.1% yoy in 2016-17).
Note: April-March 2017-18(P) data for services is arrived at by adding quarterly data of services from RBI on BoP basis for 3 quarters (Apr-Dec 2017) and the QE data of January, February & March 2018, therefore it is provisional data & subject to change.
Top exported products during April-March 2018 (P) were petroleum products (US$ 37.4 billion) followed by pearl, precious, semiprecious stones (US$ 25.9 billion) and drugs & pharmaceuticals (US$ 17.27 billion).
Top imported products during Apr-Mar 2018 (P) were petroleum crude (US$ 87.4 billion) followed by (US$ 34.2 billion) and gold (US$ 33.7 billion).
USA was India’s top export market during Apr-Mar 2018 (P) with exports reaching US$ 47.9 billion followed by UAE (US$ 28.1 billion) and Hong Kong (US$ 14.7 billion).
China was India's largest source country for imports during Apr-Mar 2018 with imports at US$ 76.3 billion, followed by USA (US$ 26.0 billion) and Saudi Arabia (US$ 22.1 billion).
Foreign Trade Policy (FTP) for five years announced on April 1, 2015
Mid-term Review released on December 5, 2017
Shri Suresh Prabhu, Hon'ble Minister of Commerce & Industry releasing the Mid-term Review of Foreign Trade Policy 2015-20
Greater participation in the global and regional value chains
* RVCs - Regional Value Chains;
GVCs - Global Value Chains
Participation in Mega RBSMs organised with MAI support
|Event||Indian participants/exhibitors||Foreign delegates/participants/buyers|
|Global Exhibition on Services 2017||575||321|
|Textiles India 2017||1,075||536|
|India International Jewellery Show 2017||1,072||1,301|
|International Engineering Sourcing Show 2018||305||412|
|Advantage Healthcare India 2017||171||700|
|International Exhibition of Pharma & Healthcare (IPHEX)||500||670|
|International Arogya, 2017||150||218|
|Indus Food 2018||320||369|
|CAP India 2018||600||300|
Shri Narendra Modi, Hon’ble Prime Minister of India; Shri Suresh Prabhu, Hon’ble Minister of Commerce & Industry; Shri C.R. Choudhary, Hon’ble Minister of State for Commerce & Industry and Smt Rita Teaotia, Secretary, Department of Commerce; with delegates who attended the Informal WTO Ministerial Meeting 2018, New Delhi
*Free Trade Agreements/Preferential Trade Agreements
Trade Infrastructure for Export Sector (TIES)
|Financial Year||Exports (Rs. Crore)||Employment (persons)||Investment (Rs. crore)||Number of new SEZ units set up during the year|
Promotion of exports in 2017-18 through 19 specialized events in 12 countries, including focus on ASEAN and SAARC region through Indian Engineering Exhibitions (INDEE) held in Thailand and Bangladesh
Shri C R Chaudhary, Hon’ble Minister of State for Commerce & Industry at MSV Brno, 2017, where India was Partner Country
New Agricultural Exports Policy
Shri Suresh Prabhu, Hon’ble Minister of Commerce and Industry inaugurating Indus Food 2018
Agri exports rose to US$ 38.22 billion in 2017-18, posting robust growth of 15% compared to the previous year
Shri Suresh Prabhu, Hon’ble Minister of Commerce & Industry, at CAP India 2018, Mumbai
Service centre for product design and prototyping in plastics sector set up at a cost of Rs 126 crore under assistance from ASIDE
Top 23 medicinal plants/herbs with export potential identified by Shefexil in consultation with National Medicinal Plants Board (NMPB)
|Year||SPS Responses||TBT Responses|
*Sanitary and Phytosanitary Standards (SPS)/ Technical Barriers to Trade (TBT)
The FDDI Act 2017 came into force on October 16, 2017. This conferred the status of Institute of National Importance on FDDI
FDDI has 12 campuses out of which 7 are being developed into centres of excellence
The curriculum for all courses has been revised to suit the new status and infrastructure will be upgraded at a cost of Rs 147 crore
DGFT & IIFT have launched 'Niryat Bandhu at your Desktop', an online certificate programme in Export Import Business
Over 50,000 entrepreneurs trained under Niryat Bandhu in 2 years
Centre for Research in International Trade (CRIT)
Indian Institute of Packaging (IIP)
|S.No||Recruitment of||No. of additional jobs created||Sectors impacting GDP|
|2.||Increase in intake of MBA program||69 seats during last 4 years||Marketing/Trade/FMCG/BFSI|
Shri Suresh Prabhu, Hon’ble Minister of Commerce & Industry, Mr Roberto Azevêdo, Director-General, WTO, Shri C. R. Chaudhary, Hon’ble Minister of State for Commerce and Industry and Smt Rita Teaotia, Secretary, Department of Commerce, with members of the Ministerial Delegation from 52 countries at the Informal WTO Ministerial Meeting
Shri Suresh Prabhu, Hon'ble Minister of Commerce & Industry, addressing delegates during the Informal WTO Ministerial Meeting
Celebrating 25 years of Mutual Partnership