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. |
Read,Write & Revise.Minimum reading & maximum learning
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 ...
-
National Urban Information System National Urban Information System (NUIS) is the project of Ministry of Urban Development with Survey...
-
good article about human rights and india:issues,challenges Justice has and must continue to remain first principle of social and pol...
-
Demonetisation effect: 9.1 million new taxpayers Govt may use increase in taxpayers to justify demonetisation, which critics claim did n...
-
Fifty years of shared space In October 1967, as the heat of the Cold War radiated worldwide, the Outer Space Treaty came into f...
-
NP DECLARED TIGER RESERVE ARE MORE IMPORTANT FOR EXAM How many Tiger reserves in India. Total number of Tiger reserves in India is 50. Tig...
-
Much ado about ‘bail-in’ and FRDI Bill The strong voices against the FRDI Bill seem to be ill-informed, as protecting the interest of d...
-
Samveg ias academy December 9, 2017 at 2:43pm · Everyrhing ABOUT UKPSC by samveg ias # UKPSCVIDEO # ABOUTUKPS...
-
India is the second largest producer of horticultural crops and fruits in the World a production of 30 crore metric ton horticulture crops...
-
White Paper on Status of Classical Languages There is no apathy from Government towards Pali, Prakrit and Sanskrit. (i) A scheme for t...
-
Ills of too much transparency In as much as we gain as we improve the transparency of decisions in organizations and society, we should...
No comments:
Post a Comment