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As of 2023, India is the seventh largest exporter of commercial services in the world, [12] accounting for 4.6% of global trade in services. India's service exports grew by 27%. [ 13 ] In September, India's prominent services industry experienced an acceleration in growth, buoyed by robust demand in the sector.
These two goods are constituting 53% total imports, 34% total exports and nearly 100% of total trade deficit (136 billion US$) of India in the financial year 2013–14. [2] The services trade (exports and imports) are not part of commodities trade. The trade surplus in services trade is US$70 billion in the year 2017–18. [3]
This is a list of countries by net goods exports, also known as balance of trade, which is the difference between the monetary value of a nation's exports and imports over a certain time period. [1] The list includes sovereign states and self-governing dependent territories based upon the ISO standard ISO 3166-1 .
World map by current account balance (% of GDP), 2023, according to World Bank [1]. This is the list of countries by current account balance, expressed in current U.S. dollars and as percentage of GDP, based on the data published by World Bank, United Nations Conference on Trade and Development and Organisation for Economic Co-operation and Development.
Between January and October 2010, India imported $82.1 billion worth of crude oil. [353] The Indian economy has run a trade deficit every year from 2002 to 2012, with a merchandise trade deficit of US$189 billion in 2011–12. [355] Its trade with China has the largest deficit, about $31 billion in 2013. [356]
This template is used to display a clickable world map to help users navigate a large list of countries by continent. Include the following where you want the map to appear: {{world image map}} The image map assumes that in-page links to all the continents exist, e.g., #Africa, and in some cases, individual countries, e.g., #Canada.
India has been a member of World Trade Organization since 1 January 1995. [310] The 522-million-worker Indian labour force is the world's second largest, as of 2017. [291] The service sector makes up 55.6% of GDP, the industrial sector 26.3% and the agricultural sector 18.1%.
As of 2022, India has preferential access, economic cooperation and FTA with more than 50 individual countries. The negotiations for the Comprehensive Economic Partnership Agreement between India and the United Arab Emirates were completed in 88 days, which was the shortest time span for any free trade agreement signed by India. [1]