{"id":18515,"date":"2019-03-13T23:59:14","date_gmt":"2019-03-13T23:59:14","guid":{"rendered":"https:\/\/www.tradefinanceglobal.com\/?post_type=exports&p=18515"},"modified":"2024-08-03T10:09:20","modified_gmt":"2024-08-03T10:09:20","slug":"india","status":"publish","type":"exports","link":"https:\/\/www.tradefinanceglobal.com\/exports\/india\/","title":{"rendered":"Exporting to India"},"content":{"rendered":"\n
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\n Exporting to India <\/h2>\n
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Last updated on 03 Aug 2024<\/div>\n
13 Mar 2019 . 1 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\u00a0Imports Profile<\/h3>\n

Imports ($m USD) 444,052<\/strong><\/p>\n

Number of Imports Products 4,317<\/strong><\/p>\n

Number of Imports Partners 213<\/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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Exporting to India<\/h2>\n\n\n\n

Imports to India have grown at a rate of about 7% in recent years with the major import being crude petroleum at 32%. Gold is the next highest commodity at about 9% while coal and refined petroleum, at about 3%, are also significant imports.<\/p>\n\n\n\n

Growth in India is expected to come from the world leading biotech industry, growing at 37% annually, the fastest growing telecom market in the world and an ambitious infrastructure building project. India is also expected to be the world\u2019s largest vehicle manufacturer by 2020.<\/p>\n\n\n\n

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Exporting to India: What is trade finance?<\/h2>\n\n\n\n

Export finance is a revolving facility which alternative financiers offer \u2013 it enables firms to purchase products and can help reduce the pressure from cash flow issues.<\/p>\n\n\n\n

Typically, an export finance bank will fund most of the cost of the receivables, including charges (e.g. VAT charges).<\/p>\n\n\n\n

Trade finance offers benefits over more traditional bank finance like asset finance or business loans. Trade finance provides up-front funding without affecting existing bank relationships.<\/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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