Important Products Exported by the Indian Exporters

The Indian economy has grown substantially with the increase in the exports of the country. The Indian exporters have elevated the exports of the country to an international level with the help of various business platforms. The past decade has witnessed a major increase in the export business of the country in different fields.

Some of the Major Export Products

The Indian exporters have succeeded in carving a niche in the global markets with its unique export products. There are a number of SME sectors in India which has found considerable growth due to the emergence of the B2B portals. These sectors contribute a large share of the exports of the country.

Some of the most important export products of the country include the following.

Leather products: The Indian leather is known worldwide for its superior quality. The leather products and accessories form to be the major exports of the country. Leather products such as wallets, hand bags, belts, shoes, folders, key holders and toys are exported in large quantities to many foreign countries. Different types of leather gift items are also exported which include leather diaries, rugs, key rings and so forth. There are various Indian exporters who manufacture and export leather items of different varieties to countries all over the world.

Iron and steel products: India is a prominent manufacturer and exporter of iron and steel products. The Indian exporters have succeeded in occupying a commendable position in exporting various iron and steel products.

Textile products: Indian exporters have known to be leading suppliers of a huge variety of textile products. Indian garments are well known and acclaimed for its diverse varieties and superior quality. Both gents and ladies garments are being exported in large scale to different countries all over the world. The Indian sarees, Salwar Kameez, embroidered kurtas, shawls, suits, beaded garments, crape printed skirts, embroidered tops and so forth are exported to various countries.

Medical appliances: The medical appliances of the country is acclaimed for its top notch quality and amazing variety. Different types of appliances such as surgical face masks, crepe bandage, surgical caps, disposable gloves, absorbent gauze, crepe bandages and so forth.

The Indian exporters have also known to export various types of medical appliances such as digital imaging software, incubators, air ionisers and so forth. There are a huge number of both large scale and small scale industries that manufacture and export a variety of medical appliances to different parts of the world.

Heavy equipments: India is the leading exporter of a variety of heavy equipments. The Indian exporters have occupied a prominent position in the international markets for its exports of various types of heavy equipments which include vibrating screens, steel rolling mill plants, industrial magnetic conveyors, magnetic coolant cleaners, cranes and other construction heavy equipments.

The Indian handicrafts, jewellery and silk products are some of the other export items of the country. The export business in India has been one of the most flourishing businesses in the country which has contributed a major share of income to the revenue of the country.

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A Brief Understanding of the Export Business in India

The Indian export business has been growing steadily for the past several decades. Indian exporters have succeeded in taking the export business to an international level.

Factors Contributing To the Growth of Export Sector

Several factors have contributed to the growth of export business in India. The growth of Small and Medium enterprises is one of the most important factors that have led to an increase in the export of the country. Most of the Indian exporters include the SME sectors which have grown tremendously during the past several years.

Some of the most important and profitable sectors in the export business include textiles, chemicals, telecommunication hardware, food grains, iron and steel, consumer durables and electronics. India is second largest exporter in the world next to China.

Another important factor that has led to the acceleration of exports is the online business to business web portals. The use of business directory by the Small and Medium enterprises has led to a global exposure of products and services.

Today Indian exporters can easily find markets for their products through online portals. The small enterprises found it difficult to reach the target audience but with the use of the b2b directories, these industries are able to showcase different products and services in the global markets, make better and faster transactions and have an in depth knowledge about market situations.

Indian exporters have a healthy competition with neighbouring countries which has further led to the growth of export sector in the country. The government has created new opportunities by introducing several policies to augment the export sector. By the year 1990, government introduced liberal policies to boost the export business in India. The introduction of various trade policies have led to a substantial flow of foreign currency.

Some of the Important Export Products

The Indian exporters maintain cordial trade relations with neighbouring countries. Majority of the commodities produced in the country are exported to foreign countries. Some of the most important and notable commodities include:
Iron and steel: India is the leading exporter of iron and steel to different countries all over the world.

• Leather products: leather products like shoes, bags and belts are exported to different countries on large basis. It is one of the most profitable sectors of the Indian economy.
• Textiles: another sector that contributes to the GDP of the country is the textile industry.
• Chemicals and pharmaceuticals: India is the leading exporter of various chemicals and pharmaceuticals. The export of petroleum has also increased during the past several years.
• Readymade garments: Indian exporters are well known for their readymade products in the international markets. Indian dresses and fabrics have immense appreciation all over the world.
• Jewellery: Indian jewellery has craved a niche in the global markets with its unique blend of traditional and contemporary styles.
• Dairy products: a leading exporter of milk products and eggs, the current census show a considerable increase in the export of dairy products.

The growth of SMEs and the use of business directory have led to a notable growth of the export sector of the country in many ways. Today the country is a leading exporter of many commodities in the international market.

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An Overview of the Exports Business in India

Exports business India is coming out of the phase of depression, with most of its popular exports regaining a strong position in the global trading map. The credit for this should be given to the increase in manufacturing power and quality of good India export to the world.

The Indian exporters are taking advantage of the growth of small and medium sized enterprises who are constantly improving the quality of main exported items. Also, the popularity of business directories and b2b marketplaces has contributed towards the rise in export. The following discussion provides an overview of the Indian export business.

What Latest Figures Say?
As per the reports the Indian export business witnessed a rise of 35 percent in May 2010 and stood up at an impressive figure of $16.1 billion. It was just a year ago that the Indian export figures dropped by 18 percent. The Indian trade deficit improved to $88.9 billion in the year 2009 from $121.4 billion in 2008. The first two months of the current fiscal year recorded a further improvement with trade deficit recorded as $10.4 billion.

Major Exported Items
Here is a list of major items exported by the Indian exporters to the world:

• Cotton apparels and textile goods are the most exported items from India. In 2009, almost 17 percent of the exported goods consisted of cotton apparels.
• Diamonds and other jewelry items from India are popular among various foreign markets. In 2009, the diamonds accounted for 14.5 percent of the total export, while jewelry items stood at 6.2 percent.
• Pharmaceutical preparations contributed 10.4 percent to the total export from India.
• Industrial organic chemicals, industrial machinery, tobacco, waxes and agricultural products are other top items exported by the exporters in India.

Fast Growing Export Items
Apart from those mentioned above, there are other items that are growing as fast exported items from India. Here are some of these items:

• Dairy products and eggs showed an increase of 199.7% from 2008 to 2009.
• The export of computers increased by 174 percent between 2008 and 2009 and is expected to keep on growing at a consistent rate.
• Precious metals worth $24.7 million were exported in the year 2009.
• Petroleum products and natural fibers like cotton and wool too experienced rise in their export in 2009.
• Nuclear fuels and military equipments were other major items that showed increase in their export by the Indian exporters in 2009.

Major Export Markets for India
The United Arab Emirates and the United States are the two major export markets for India, as various export items from India are in great demand in these two nations. In 2009, 12.3 percent of the total items exported by the Indian exporters went to UAE, while 11.7 percent went to the USA. China and Singapore are other major export markets that cater to the exporters in India.

The Indian exports industry is huge and it has the ability to cater to many markets around the world. The government in India is making all good attempts to make use of b2b marketplaces and SME sector to ensure a consistent growth rate of Indian exports.

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