Export as Basis of Economic Development

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..... Export as Basis of Economic Development - News and Press Release Dated:- 17-12-2012 - News - Press Information Bureau Government of India Ministry of Commerce Industry 17-December-2012 16:37 IST Exports have always played an important role in the economic development of most countries. This is evident even in Indian case from the continuous upward movement of percentage share o .....

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..... f merchandise exports in the overall GDP of India from 13.9 percent in 2009-10 to 16.0 percent in 2010-11 and 17.7 percent in 2011-12. As per the WTO trade statistics India s share in the total global exports has been measured at 1.07% during 2007, 1.21% during 2008, 1.31% during 2009, 1.48% during 2010 and 1.67% during 2011. The difference between imports and exports is the measure of Trade Bal .....

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..... ance, which contributes to Current Account Balance stability of a country. Macro Economic growth and stability of a country has a very close correlation with Current Account Balance of that country. Hence, Government and policy makers keep a close watch on Trade Balance and Current Account Balance. The table below gives the figures of Exports and Exports and Trade Balance for the last three .....

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..... years as also for April - October of the current year: Rs. Crore Year Exports Imports Trade balance Trade balance as % of GDP 2009-10 845534 1363736 -518202 8.5 2010-11 1142922 1683467 -540545 7.6 2011-12* 1459281 2344772 -885492 10.8 .....

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..... 2012-13*(Apr-Oct.) 908340 1507203 -598862 * Provisional. Source: DGCI S, Kolkata. This information was given by the Minister of State for Commerce Industry Dr. D. Purandeswari in written reply to a question in Lok Sabha today. ****** DS/RK - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindi .....

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..... a.com - TMI - TaxTMI - TMITax .....

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