Official Name (Local Language) Bharatiya Ganarajya
Capital New Delhi
Population 1,266,883,598
Currency Indian Rupee
GDP $2,251 billion
Languages English, Hindi
Telephone Dial In 91
Imports ($m USD) 444,052
Number of Imports Products 4,317
Number of Imports Partners 213
Government Website | https://www.india.gov.in/ |
Sovereign Ratings | https://countryeconomy. com/ratings/india |
Central Bank | Reserve Bank of India |
Currency USD Exchange Rate | 68.3 |
Unemployment Rate | 2.7% |
Population below poverty line | NA |
Inflation Rate | 1.9% |
Prime Lending Rate | 5.4% |
GDP | $2,251 billion |
GDP Pro Capita (PPP) | $6,700 |
Currency Name | Indian Rupee |
Currency Code | INR |
World Bank Classification | Lower Middle Income |
Competitive Industrial Performance | 39/138 |
Corruption Perceptions Index | 81/180 |
Ease of Doing Business | 77/190 |
Enabling Trade Index | 102/136 |
We assist companies to access trade and receivables finance through our relationships with 270+ banks, funds and alternative finance houses.
Get StartedImports 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.
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’s largest vehicle manufacturer by 2020.
Export finance is a revolving facility which alternative financiers offer – it enables firms to purchase products and can help reduce the pressure from cash flow issues.
Typically, an export finance bank will fund most of the cost of the receivables, including charges (e.g. VAT charges).
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.
Agriculture
16.5%
Rice, wheat, oilseed, cotton, jute, tea, sugarcane, lentils, onions, potatoes; dairy products, sheep, goats, poultry; fish
Industry
29.8%
Textiles, chemicals, food processing, steel, transportation equipment, cement, mining, petroleum, machinery, software, pharmaceuticals
Services
45.4%
Country | Trade | % Partner Share |
China | 71,923 | 16.20 |
United States | 24,086 | 5.42 |
United Arab Emirates | 23,115 | 5.21 |
Saudi Arabia | 21,087 | 4.75 |
Switzerland | 20,405 | 4.60 |
Export Product | Number |
Petroleum oils and oils obtained from bituminou | 18.5% |
Gold in unwrought forms non-monetary | 8.1% |
Diamonds non-industrial unworked or simply sawn | 6.1% |
Other coal, not agglomerated, nes | 4.5% |
Parts of electrical apparatus for line telephon | 2.9% |