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ITCJune 23, 2011
Indian Economy & US Trade • India is world’s 2nd largest country by population and 4th largest economy by GDP.• Container traffic is growing at 2.6x multiple of GDP.• GDP Growth at 8.1% in 2010; 8.75% in 2011• USA is India’s 3rd Largest Trading partner.• Bilateral Trade between the two countries reached a record of USD50 Billion
between January-December 2010 which is an increase of 29.64% over 2009.• Between January and December 2010, India’s Export to US stood at $ 29.53 billion
as against 21.17 billion for same period in 2009 thus showing an increase of 39.52%.
• Meanwhile, US Exports of merchandise goods to India grew by 16.91 % from $ 16.44 billion to 19.22 billion during the corresponding period in 2010.
Real GDP Growth % change y-o-y
Source : BMI
0.00%
2.00%
4.00%
6.00%
8.00%
10.00%
12.00%
2005 2006 2007 2008 2009 2010f 2011f 2012f 2013f 2014f
Chennai
Paper-Products/ Tobacco/Granites/ Foodstuff/Auto
Agra
Leather / Footwear
Panipat
CPG/ Blankets
Surat
Diamonds and Gems
New Delhi
Auto-ancillary, Apparel & Steel
Major Indian Sourcing Areas
Assam
Tea
Bangalore
Coffee/ Gherkins
Pune
Auto / Food Processing
Ahmedabad
Pharmaceutical / Chemicals/ Industrial/ Tyres
Ludhiana
1. woolen knitwear
2. bicycles & bicycle parts
Jodhpur
Handicrafts& Furniture
Moradabad
Brassware
Jaipur
Textile, printing, granite & marble
Tirupur
Garments / Yarn
Port
Develo
pm
en
t -
IND
IA
Imp/Exp Cntr Volume in LSA/LGB
Market Share Trend (US Imports)
Market Share Trend (US Exports)
Commodity Composition (Market)
US Imports
US Exports
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