| Doubling India's Share in Global Trade |
| The long term vision of the government is to increase India’s exports of Merchandise and Services from present level of 464.1 billion USD (2013-14) to approximately 900 billion USD by 2018-19 (CAGR approximately 14%) and take India’s share of global exports to above 3%. An aggressive product promotion strategy for high value items that have a strong manufacturing base is the main focus of the overall growth strategy. The core of the market strategy is to retain presence and market share in traditional markets, move up the value chain in providing export products in the developed countries’ markets; and open up new vistas, both in terms of markets and new products in these new markets. Strengthening efforts to build a brand image for important Indian exports, and promote a thrust for quality up-gradation. The focus sectors have been identified as pharmaceuticals, electronics, automobiles, computer and software based smart engineering, environmental products etc. Labour intensive leather, gems & jewellery and textile sectors have high value addition, and have been areas -of- strength. Product diversification in these sectors with high value-addition has been accorded high priority. Focus of the strategy is to penetrate into the markets in Asia (including ASEAN), Africa and Latin America to strengthen our presence in newly opened up markets. At the same time our aim would be to deepen engagement in the older markets. As per the latest available data for April-Sept 2014-15 the 10 top export items are: Petroleum products; Pearls, Precious, Semiprecious Stones; Gold and other precious metal jewellary; Drug formulations, biologicals; Iron and Steel; RMG Cotton including accessories; Products of Iron and Steel; Motor vehicle/cars; Ship, boat and floating structure; Aircraft, Spacecraft and parts. Top ten destinations of Indian exports during this period are: USA, United Arab Emirates, Saudi Arabia, Hong Kong, People’s Republic of China, Singapore, UK, Brazil, Germany, Netherland. |
27 November 2014
Doubling India's Share in Global Trade
Subscribe to:
Post Comments (Atom)
Featured post
UKPCS2012 FINAL RESULT SAMVEG IAS DEHRADUN
Heartfelt congratulations to all my dear student .this was outstanding performance .this was possible due to ...
-
Sure PV Sindhu and Sameer Verma would have preferred to become first Indians to win both men’s and women’s Super Series titles since Saina ...
-
The Supreme Court’s sharp criticism of the government for its failure to clean up the Ganga has prompted the Centre to assure the Bench tha...
-
Harnessing Solar Power: Rajasthan Leads the Path India is running the largest renewable capacity expansion programme in the world. ...
-
Dear candidate we are providing tentative solution of GS PAPER of UKPCS-2012 for your conveneince.there may be error of 2-3%.plz high ligh... -
According to Census 2011, India has 55 million potential workers between the ages of 15 and 35 years in rural areas. At the same time, the...
-
In a 2014 impact assessment study of ICRISAT’s highly successful breakthrough innovations, Jewels of ICRISAT have yielded a return on inv...
-
Crucial fourth week of winter session of Parliament to take up Insurance, Companies and Coal Mines Bills Session set for a record in trans...
-
Ajeya Warrior-2017: It is a fourteen days training exercise between the Indian Army and the British Army. It is being held in Rajasthan. I...
-
India participated in the G-20 Summit held in Australia recently. The G20 Summit was held in Brisbane on 15-16 November 2014. The topics ...
-
The Government has decided to take up a number of schemes and projects for the development and welfare of people. Major new s...
No comments:
Post a Comment