Lok Sabha Question No. 1350 (UNSTARRED), answered on 2019-02-11
Subject: India’s Global Trade
Ministry: COMMERCE AND INDUSTRY
Asked by: M. CHANDRAKASI

## GOVERNMENT OF INDIA MINISTRY OF COMMERCE & INDUSTRY (DEPARTMENT OF COMMERCE)

## LOK SABHA UNSTARRED QUESTION NO. 1350 TO BE ANSWERED ON  11 th  FEBRUARY, 2019

## INDIA'S GLOBAL TRADE

## 1350.   SHRI M. CHANDRAKASI:

Will  the  Minister  of COMMERCE & INDUSTRY ( वा ͨ णÏय  एवं  उɮयोग  मंğी ) be pleased to state:

- (a) the  details  of  economic  position  of  India  among  nations  based  on  trade  balances, foreign exchange reserves and capital account of the country at present;
- (b) the details of growth rate of India's international trade during the last 10 years;
- (c) the  details  of  reports  and  recommendations  of  the  High-Level  Advisory  Group constituted to address the challenges faced by the country in international trade; and
- (d) the details of the follow-up action taken thereon?

## ANSWER

okf.kT; ,oa m|ksx ea=ky; esa jkT; ea=h ¼Jh lh- vkj- pkS/kjh½

THE MINISTER OF STATE IN THE MINISTRY OF COMMERCE AND INDUSTRY (SHRI C. R. CHAUDHARY)

- (a) : The  details  of  India's  trade  balance,  capital  account  balance  as  recorded  in  India's balance of payments and foreign exchange reserve positions are as follows:

## (Value in Billion US$)

2018-19

| Category                                                                                                                 | 2017-18                                                                                                                  | 2018-19 (April-September)                                                                                                |
|--------------------------------------------------------------------------------------------------------------------------|--------------------------------------------------------------------------------------------------------------------------|--------------------------------------------------------------------------------------------------------------------------|
| Trade Balance                                                                                                            | -160.0                                                                                                                   | -95.8                                                                                                                    |
| Capital Account (Net)                                                                                                    | 91.4                                                                                                                     | 21.7                                                                                                                     |
| Foreign Exchange Reserves (end-period)                                                                                   | 424.5                                                                                                                    | 400.5                                                                                                                    |
| Based on the latest available data, India's foreign exchange reserves stood at US$ 398.2 billion as on January 25, 2019. | Based on the latest available data, India's foreign exchange reserves stood at US$ 398.2 billion as on January 25, 2019. | Based on the latest available data, India's foreign exchange reserves stood at US$ 398.2 billion as on January 25, 2019. |

Source: RBI

- (b) The details of India's overall (merchandise and services) export, import alongwith the growth rate for last 10 years are as follows:

(Value in Billion US$)

|   Sr. No: | Year      |   Exports | %Growth   |   Imports | %Growth   |
|-----------|-----------|-----------|-----------|-----------|-----------|
|         1 | 2008-2009 |    291.26 | --        |    355.74 | --        |
|         2 | 2009-2010 |    274.8  | -5.65     |    348.4  | -2.06     |
|         3 | 2010-2011 |    374.45 | 36.27     |    450.32 | 29.25     |
|         4 | 2011-2012 |    448.29 | 19.72     |    567.55 | 26.03     |
|         5 | 2012-2013 |    446.08 | -0.49     |    571.5  | 0.70      |
|         6 | 2013-2014 |    466.22 | 4.51      |    528.95 | -7.45     |
|         7 | 2014-2015 |    468.45 | 0.48      |    529.61 | 0.13      |
|         8 | 2015-2016 |    416.6  | -11.07    |    465.64 | -12.08    |
|         9 | 2016-2017 |    440.05 | 5.63      |    480.26 | 3.14      |
|        10 | 2017-2018 |    498.63 | 13.31     |    583.08 | 21.41     |

Source: DGCI&S, Kolkata

- (c)  &  (d)            A  High-Level  Advisory  Group  (HLAG)  has  been  constituted  to  make recommendations on pursuing opportunities, addressing  challenges and finding  a  way  forward amidst emergent issues in the contemporary global trade scenario. The HLAG has not submitted its recommendations so far.