GOVERNMENT OF INDIA
MINISTRY OF COMMERCE AND INDUSTRY
LOK SABHA
UNSTARREDQUESTION NO: 1241
ANSWERED ON: 08.08.2011
GROWTH OF EXPORTS
(a) whether the annual growth rate of export in the country has been more than the annual growth rate of production during each of the last three years;
(b) if so, the details of annual growth rate of production and exports during the same period and impact of the higher exports than the growth rate of production;
(c) the details of India`s position in the global trade during the said period, item wise, value-wise and quantity-wise;
(d) the total incentive given to diversify the export sector to ensure target achievements; and
(e) the details of the value of rupee vis-a-vis dollar and its impact on the net export and import from the country, item wise?
ANSWER
THE MINISTER OF STATE IN THE MINISTRY OF COMMERCE AND INDUSTRY (SHRI JYOTIRADITYA M. SCINDIA)
(a) & (b): The year-on-year growth rate of Exports and Gross Domestic Product (GDP) at factor cost(current prices) during 2008-09, 2009-10 and 2010-11 is given in Table 1. While the growth rate of exports has been higher than that of the GDP in 2008-09 and 2010-11, in 2009-10 the situation was different due to the global financial crisis.
Table 1 : Year –on-year growth rate of Exports and GDP (%) 2008-09 2009-10 2010-11
Exports (in Rupee terms) 28.2 0.6 32.3
GDP at Factor Cost (at Current Prices) 15.3 16.1 19.1
(c): The World Trade Organisation (WTO) publishes statistics on country-wise, share in merchandise exports and imports (broad item-wise in value terms). India’s share and position in overall world merchandise exports and imports in 2007, 2008 and 2009 is at Annexure I. India’s share in world merchandise exports and imports value-wise and broad item-wise as per World Trade Organisation data is at Annexure II.
(d): Incentives/measures announced in the Annual Supplement to the Foreign Trade Policy released on 23rd August, 2010 and additional measures announced on 11th February 2011 are at Annexure III.
(e): The year-wise exports, imports and exchange rate (Rupee/US dollar) in the last three years is given in the Table 2. Trade depends on a number of factors including world income and demand, trade policies of countries, competitiveness of products and services, exchange rate, etc.. During the last three years, no direct relation has emerged between exchange rate and our trade performance. Data on exchange rate, export and import (item-wise) is not maintained.
Table 2 : Trade and Exchange Rate
Rupee US $ Exports Imports Exchange rate (US$ billion) (Rs.Crore) (US$ billion) (Rs.Crore)
2008-09 45.99 185.3 840755 303.7 1374436
2009-10 47.44 178.7 845534 288.4 1363736
2010-11 45.56 245.9 111882 350.7 1596869