{"id":18037,"date":"2019-02-11T19:13:25","date_gmt":"2019-02-11T19:13:25","guid":{"rendered":""},"modified":"2024-08-03T10:10:28","modified_gmt":"2024-08-03T10:10:28","slug":"india","status":"publish","type":"imports","link":"https:\/\/www.tradefinanceglobal.com\/imports\/india\/","title":{"rendered":"Importing from India"},"content":{"rendered":"\n
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\n Importing from India <\/h2>\n
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Last updated on 03 Aug 2024<\/div>\n
11 Feb 2019 . 2 min read<\/div>\n <\/div>\n <\/div>\n <\/div>\n\n\n
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India Quick Links<\/h4>\n <\/div>\n
\n \n Importing from India <\/a>\n \n Exporting to India <\/a>\n \n Trade Finance \u2013 India <\/a>\n \n Invoice Finance \u2013 India <\/a>\n \n India (ECA)- ECGC <\/a>\n \n India ECA \u2013 Exim Bank <\/a>\n <\/div>\n<\/div><\/div>\n\n\n\n
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India\u00a0Country Profile<\/h3>\n

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Official Name (Local Language) Bharatiya Ganarajya<\/strong><\/p>\n

Capital New Delhi<\/strong><\/p>\n

Population 1,266,883,598<\/strong><\/p>\n

Currency Indian Rupee<\/strong><\/p>\n

GDP $2,251 billion<\/strong><\/p>\n

Languages English, Hindi<\/strong><\/p>\n

Telephone Dial In 91<\/strong><\/p>\n<\/div><\/div>\n\n\n\n

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India\u00a0Exports Profile<\/h3>\n

Exports ($m USD) 294,364<\/strong><\/p>\n

Number of Export Products 4,418<\/strong><\/p>\n

Number of Export Partners 219<\/strong><\/p>\n

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China Economic Statistics<\/h2>\n\n\n\n



Government Website<\/strong><\/td>		https:\/\/www.india.gov.in\/<\/a><\/td><\/tr>
Sovereign Ratings<\/strong><\/td>https:\/\/countryeconomy. com\/ratings\/india<\/a><\/td><\/tr>
Central Bank<\/strong><\/td>Reserve Bank of India
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Currency USD Exchange Rate<\/strong><\/td>68.3<\/td><\/tr>
Unemployment Rate<\/strong><\/td>2.7%<\/td><\/tr>
Population below poverty line<\/strong><\/td>NA<\/td><\/tr>
Inflation Rate<\/strong><\/td>1.9%<\/td><\/tr>
Prime Lending Rate<\/strong><\/td>5.4%<\/td><\/tr>
GDP<\/strong><\/td>$2,251 billion<\/td><\/tr>
GDP Pro Capita (PPP)<\/strong><\/td>$6,700<\/td><\/tr>
Currency Name<\/strong><\/td>Indian Rupee
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Currency Code<\/strong><\/td>INR<\/td><\/tr>
World Bank Classification<\/strong><\/td>Lower Middle Income
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Competitive Industrial Performance<\/strong><\/td>39\/138
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Corruption Perceptions Index<\/strong><\/td>81\/180
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Ease of Doing Business<\/strong><\/td>77\/190
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Enabling Trade Index<\/strong><\/td>102\/136
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\n Access trade, receivables and supply chain finance <\/h4>\n

We assist companies to access trade and receivables finance through our relationships with 270+ banks, funds and alternative finance houses.<\/p>\n \n Get Started<\/span>\n <\/a>\n<\/div><\/div>\n\n\n\n

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Importing from India<\/h2>\n\n\n\n

India is one of the fastest growing economies in the world with growth rates reaching 9% in recent years. India is being targeted by investors for major growth in a number of areas including life sciences, infrastructure, energy and manufacturing. It is predicted to be the world\u2019s third largest economy and largest middle class consumer market by 2030. Exports from India have grown at a rapid rate, climbing from $179 billion in 2010 to $310 billion a year. Over the same period the export to GDP ratio increased from 13.3% to 15.6%, demonstrating the importance of exports to the growing economy. The foreign trade policy of the national government is looking to build on this success, aiming to increase exports to $900 billion by 2020.<\/p>\n\n\n\n

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Importing from India: What is trade finance?<\/h2>\n\n\n\n

Stock finance is a revolving facility which alternative lenders offer \u2013 it enables organisations to buy stock and can help ease the pressure from cash management. Typically, an alternative financier will fund most of the cost of the stock, including charges (e.g. insurance costs). Trade finance offers advantages over more traditional bank funding for example invoice finance<\/a> or business loans<\/a>. Trade finance provides quick funding without affecting existing relationships with banks.<\/p>\n\n\n\n

How does it work?<\/h3>\n\n\n\n

If you\u2019re a company importing or exporting inventory outside of your own country, then a trade finance facility would allow you to fund this through offering a LC (letter of credit) or some form of cash advance.<\/p>\n\n\n\n

I\u2019m looking to import from India, how can Trade Finance Global help, and how does it work?<\/h3>\n\n\n\n

If you\u2019re looking to import from India, contact our local experts in trade finance to see how we can help you grow your business in other markets. If you are looking to import stock from other countries, you may need import finance, which is an agreement between yourself (the importer) and the foreign exporter. A non-bank lender will act as the intermediary, paying the foreign exporter on your behalf until you receive the goods and have then sold them to your customer. Repaying the financier then occurs over an agreed period. Read the TFG Importers Guide here<\/a>.<\/p>\n\n\n\n

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Chart Showing GDP Growth Compared to rest of world<\/h2>\n\n\n
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