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Commerce

In: Business and Management

Submitted By igourav
Words 1215
Pages 5
India’s Trade with SAARC Countries
(Value in US $ Billion) | 2006-07 | 2007-08 | 2008-09 | 2009-10 | 2010-11 | 2010-11 (April-Oct) | 2011-12 (April-Oct) | Exports | India’s Total | 126.41 | 163.13 | 185.30 | 178.75 | 251.13 | 123.17 | 170.11 | % share of SAARC countries | 5.12 | 5.91 | 4.62 | 4.69 | 5.13 | 4.65 | 3.76 | Imports | India’s Total | 185.74 | 251.65 | 303.70 | 288.37 | 369.77 | 208.821 | 277.26 | % share of SAARC countries | 0.81 | 0.84 | 0.60 | 0.57 | 0.59 | 0.55 | 0.52 |
Source:DGCI&S

Highlights of Trade with SAARC | * During April-October 2011-12, Sri Lanka was the largest trading partner of India in SAARC region. * During April-October 2011-12, India has recorded a negative growth rate of exports with Nepal and Pakistan in SAARC region. * During April-October 2011-12, the lowest decline in growth of exports was recorded for Pakistan at (-) 34.93%. * Except for Bhutan, India runs a trade surplus with all other trading partners. |

Bilateral Trade with Pakistan
(Value in US $ million) Year | Exports | Imports | Total Trade | Balance of Trade | 2006-07 | 1350.09 | 323.62 | 1673.71 | 1026.47 | 2007-08 | 1950.53 | 287.97 | 2238.50 | 1662.56 | 2008-09 | 1439.88 | 370.17 | 1810.05 | 1069.71 | 2009-10 | 1573.32 | 275.94 | 1849.26 | 1297.38 | 2010-11 | 2333.67 | 332.51 | 2666.18 | 2001.16 | 2010-11 (APril-Oct) | 1066.90 | 201.16 | 1268.06 | 865.74 | 2011-12 (APril-Oct) | 694.25 | 226.16 | 920.41 | 468.09 |
Source: DGCI&S

India occupies 70% of the SAARC region, both geographically and economically, and the remaining six nations of the SAARC borders only with India and not with each other. As the biggest, and the most industrialised trading partner among the SAARC countries, India has to recognise that a special responsibility devolves on her and take a lead in making the Regional Economic...

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