India Imports: Growing Steadily Without The Star Value Of China
India Imports. Trade with the world's 12th largest economy via Dubai, and save your profits.
The country of India is located in South Asia. It is the seventh largest country in the world and has the second highest population in the world next to China. India has a coastline of 7,517 kilometers and is bounded by the Indian Ocean in the south, the Arabian Sea in the west and the Bay of Bengal in the east.
On its western border lie Pakistan, China and Nepal while Bhutan lies to its north east and to its east lies Bangladesh and Burma. India has 28 states and 7 union territories and it is a parliamentary democratic country. [Check the map below].
Its society is basically multi-ethnic, multi-lingual and pluralistic and is rich in flora/fauna and natural resources. The climate is tropical and is largely influenced by the Himalayas and the Thar Desert. The Himalayas prevent the cold central Asian katabatic winds from blowing into the country thus keeping the country warmer than other countries located at similar latitudes. The Thar Desert helps bring in the south-west summer monsoon winds resulting in rainfall in the country. [Check the current temperature below.]
India used to be predominantly an agricultural country, and agricultural products are still its mainstays. However, in recent years, the service and the industrial sectorshave developed quite significantly and India imports play an important role in the country’s economy.
Although India is a so called third world developing country its economy is the twelfth largest in the world as per market exchange rates and in terms of purchasing power it is the fourth largest. There have been steady economic reforms in the country in recent years leading to its economy becoming the second fastest growing large economy in the world.
India imports have off late begun to look very positive from the trade point of view.
Economic reforms were introduced in the country from 1991 that considerably reduced government control on foreign trade and investment and this trend has immensely benefited India imports. India’s labor force is the second largest in the world and 60% of it is involved in the agriculture sector. India imports deals in agricultural products that include its major crops like rice, wheat, oilseed, cotton, jute, tea, sugarcane and potatoes.
There are also some major industries like automobiles, cement, chemicals, consumer electronics, food processing, machinery, mining, petroleum, pharmaceuticals, steel, transportation equipment and textiles. The country is the sixth largest consumer of oil and third largest consumer of coal and India imports regarding industrial products focuses on these products.
India has a treasure house of natural resources such as bauxite, chromite, coal, diamonds, iron ore, limestone, manganese, mica, natural gas, petroleum, and titanium ore.
In addition, crude oil, machineries, fertilizers and chemicals are the main products imported by India. The United States of America, the European Union and China are its major trading partners.
Inspection and valuation of all imported items are done by Indian customs authorities and it has considerable authority in such matters.
Globalization has made India into a favored destination for multinational companies largely due to its pool of English speaking educated people.
The weather in India varies across its length and breadth! Below is the weather for New Delhi, India's capital.
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