Lok Sabha Question No. 2435 (UNSTARRED), answered on 2016-08-01
Subject: Import of Goods and Services
Ministry: COMMERCE AND INDUSTRY
Asked by: SRINIVAS KESINENI

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

## LOK SABHA UNSTARRED QUESTION NO. 2435 TO BE ANSWERED ON 1 st  AUGUST, 2016

## IMPORT OF GOODS AND SERVICES

## 2435. SHRI KESINENI NANI:

Will the Minister of COMMERCE & INDUSTRY ( वािणÏय एवं उɮयोग मंत्री ) be pleased to state:

- (a) whether  India  is  importing  goods,  products  and/or  services  which  are  also  locally produced;
- (b) if so, the details thereof; and
- (c) the steps being taken by the Government to increase production of such goods within the country in order to reduce the import burden of these products?

## ANSWER

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## THE MINISTER OF STATE IN THE MINISTRY OF COMMERCE AND INDUSTRY (INDEPENDENT CHARGE) (SMT. NIRMALA SITHARAMAN)

- (a) to  (c):  While  India  imported  goods/products  accross  various  commodity  groups,  worth $380.66  billion  during  2015-16as  compared  to  $448.03  billionduring  2014-15,  its  total import  of  services  was  $84.6  billion  during  2015-16  compared  to  $81.6  billion  in  201415.The details of imports of goods/products may be accessed at http://commerce.nic.in/eidb/icomq.asp.Further,  the  sector-wise  details  of  India's  trade  in services released by the Reserve Bank of India (RBI) for the year 2015-16 is annexed.

Consumers have diverse tastes across differentiated products, some of which may not be domestically  available  with  specific  characterstics/  features.  Thus,  India,  like  most economies,  imports  goods/services  accross  vaious  commodity  categories,  even  though there may be domestic production of commodities  of that type.

To boost manufacturing and improve overall environment for the industry, Government has undertaken initiatives like 'Make in India', 'Digital India' with an emphasis on 'ease of  doing  business'.  Policy  initiatives  on  infrastructure  like  smart  cities,  railways  and industrial  corridors  and  monitoring  of  their  implementation  are  also  a  priority  for  the Government.

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## Sector wise details of India's trade in services [US$ million]

| Item                                            | Apr-Mar 2015-16 (P)   | Apr-Mar 2015-16 (P)   | Apr-Mar 2015-16 (P)   |
|-------------------------------------------------|-----------------------|-----------------------|-----------------------|
|                                                 | Credit                | Debit                 | Net                   |
| CURRENT ACCOUNT(EXTRACT) INVISIBLES             |                       |                       |                       |
| Services                                        |                       |                       |                       |
| i) Travel                                       | 21,268                | 14,792                | 6,476                 |
| ii) Transportation                              | 14,004                | 15,080                | -1,076                |
| iii) Insurance                                  | 2,002                 | 1,151                 | 852                   |
| iv) Government not included elsewhere (G.n.i.e) | 579                   | 869                   | -291                  |
| v) Miscellaneous                                | 1,16,458              | 52,742                | 63,716                |
| Of which:                                       |                       |                       |                       |
| Software Services                               | 74,153                | 2,699                 | 71,454                |
| Business Services                               | 28,994                | 31,095                | -2,101                |
| Financial Services                              | 4,944                 | 3,135                 | 1,809                 |
| Communication Services                          | 2,171                 | 1,001                 | 1,170                 |
| Total                                           | 1,54,311              | 84,635                | 69,676                |

P: Preliminary

Source: RBI