Exporting to India

India Export Guide | Trade Finance Global

Exporting to India

Imports to India have grown at a rate of about 7% in recent years with the major import being crude petroleum at 32%. Gold is the next highest commodity at about 9% while coal and refined petroleum, at about 3%, are also significant imports.

Growth in India is expected to come from the world leading biotech industry, growing at 37% annually, the fastest growing telecom market in the world and an ambitious infrastructure building project. India is also expected to be the world’s largest vehicle manufacturer by 2020.

Exporting to India? Contact our local experts

1.00 GBP
British Pound
1.00 GBP = 86.5888 INR
=
86.5888 INR
Indian Rupee
1.00 INR = 0.01154 GBP

Country Profile

Capital New Delhi
Population
Area
Currency Indian rupee (INR)
GDP $2.384 trillion (7th)
LanguagesHindi· English

India: Imports Profile

Imports from India

Imports from India: $409.2 billion
Import commodities:Crude oil, gold and precious stones, electronics, engineering goods, chemicals, plastics, coal and ores, iron and steel, vegetable oil and other commodities
Top import destinations:China (15.8%), European Union (11.2%), Saudi Arabia (5.5%),  Switzerland (5.4%) (2015)
GDP growth (annual %)

Exporting to India: What is trade finance?

Export finance is a revolving facility which alternative financiers offer - it enables firms to purchase products and can help reduce the pressure from cashflow issues.

Typically, an export finance bank will fund most of the cost of the receivables, including charges (e.g. VAT charges).

Trade finance offers benefits over more traditional bank finance like asset finance or business loans. Trade finance provides up front funding without affecting existing bank relationships.

How does it work?

If you're a firm importing or exporting stock supplies outside of your own country, then a trade finance facility would allow you to fund this through offering a LC (letter of credit) or some form of cash advance.

I’m looking to export to India, how can Trade Finance Global help, and how does it work?

If you’re looking to export to India, contact our specialists in trade finance to see how we can help you grow your business internationally.

If you are looking to export inventory to other international markets, you may need export finance, which is an agreement between yourself (the exporter), and the foreign importer. A non-bank lender will advance you the cost of producing the stock that you are exporting (as a debt product), either once you have sent the goods, or before manufacturing them. Once the importer has received the inventory and pays you for the import, you will repay the advance loan from the export bank over an agreed period.

Read the TFG Exporters Guide here.

Importing from India? Contact our local experts

Country Profile

Capital New Delhi
Population
Area
Currency Indian rupee (INR)
GDP $2.384 trillion (7th)
LanguagesHindi· English

0.41

Econ Complexity 50th of 185
1980
2014

$292B

Exports 18th of 220
1980
2014

$421B

Imports 13th of 220
1980
2014

$5.7k

GDP Per Capita 121st of 185
1990
2014
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