India's Exports and Imports

Exports are the major focus of India's trade policy. The export sector is a core sector in the economic growth of the country and is important for addressing macro economic concerns. The incentives offered by the export promotion package is comparable to that of any other country. The focus remains on inducing the foreign investorscost. to set up export oriented units in India. India offers a production base for foreign markets around the world for sourcing components and products manufactured at a low

Opportunities

The Indian economy is one of the largest in the region and it has been projected to grow even further in the coming decade. It also has the potential to become a super-power within the region and stand as one of the most significant countries in the global IT industry.
India is also very rich in natural resources. Its varied geographical features give it a variety of natural products to profit from. Its fertile lands produce massive amounts of food grains and other food items. It is one of the largest exporters of items like rice and wheat, both being staples all over the world. It is also one of the largest exporters of minerals and metals like quartz and aluminum in the world.
Being a rapidly growing economy, India has a large appetite for imported goods. This is especially true in case of luxury food and non-food items. Imported electronics, both cheap and expensive ones are consumed in large quantities within the country. Apparel and accessories are also in high demand although India has a flourishing industry of its own in this regard.
Thus with the immense variety and opportunity that the Indian market presents to the world, it is understandable that the country is experiencing a lot of Foreign Direct Investments. Even though the global economic downturn has affected the situation, the Indian economy has hardly been hit by the crisis. That is mainly because the only direct connection that it shared with main recessive markets were the investments made by the companies that are part of those main markets. Hence, it has mostly escaped the massive losses suffered by other countries.
As an exporter, you have a lot of options when it comes to exporting items from India. India has items that range from natural to man made and a majority of it is in high demand overseas. The rest of the items are also in moderate demand outside, making export businesses of all levels quite lucrative in India. Things like Indian handcrafted items are especially high in demand because of their exclusivity and uniqueness.
India's voracious appetite for imported goods makes it a very profitable market for importers. Because of this, there is already a lot of competition in the market. If you want to start out as an importer, you might have to get in as a supporting member of an already established group. You have to be able to cut out a niche out of the market for yourself in order to survive in the long run.

 
India's strategic location, between Middle East and South East Asia, presents itself as a country with immense business opportunities. Its neighbors include Pakistan, China, Nepal, Sri Lanka and Bangladesh. The countries labor advantage adds to this. India has vast reserves of technical and scientific manpower, backed by engineering and management institutes of excellence. India's skilled labor is in great demand in the world's premier organizations. Both skilled and unskilled labor is easy to find and wage rates are highly competitive compared to international levels. Language is not a barrier as the professional work force is conversant in English and the main transactions

and procedures are done in the same language. The government also provides a number of incentives and facilities for exporters. India's rich resource and production base provides significant opportunities for investors to establish export units.