Importing from India

India Import Guide | Trade Finance Global

Importing from India

India is one of the fastest growing economies in the world with growth rates reaching 9% in recent years. India is being targeted by investors for major growth in a number of areas including life sciences, infrastructure, energy and manufacturing. It is predicted to be the world’s third largest economy and largest middle class consumer market by 2030. Exports from India have grown at a rapid rate, climbing from $179 billion in 2010 to $310 billion a year. Over the same period the export to GDP ratio increased from 13.3% to 15.6%, demonstrating the importance of exports to the growing economy. The foreign trade policy of the national government is looking to build on this success, aiming to increase exports to $900 billion by 2020.

India Country Profile

Official Name (Local Language) Bharatiya Ganarajya
Capital New Delhi
Population 1,266,883,598
Currency Indian Rupee
GDP $2,251 billion
Languages English, Hindi
Telephone Dial In 91

India Exports Profile

Exports ($m USD)


Number of Export Products


Number of Export Partners


Top 5 export partners



% Partner Share

United States



United Arab Emirates



Hong Kong, China









Top 5 Export Products at HS 6 digit level

Export Product


Petroleum oils, etc, (excl. crude); preparation


Diamonds non-industrial nes excluding mounted o


Other medicaments of mixed or unmixed products,


Art. of jewellery and pts thereof of/o prec mtl


Semi-milled or wholly milled rice


Chart Showing GDP Growth Compared to rest of world

GDP Composition for India



Product List


Rice, wheat, oilseed, cotton, jute, tea, sugarcane, lentils, onions, potatoes; dairy products, sheep, goats, poultry; fish



Industry List


Textiles, chemicals, food processing, steel, transportation equipment, cement, mining, petroleum, machinery, software, pharmaceuticals



Services List


Importing from India: What is trade finance?

Stock finance is a revolving facility which alternative lenders offer – it enables organisations to buy stock and can help ease the pressure from cash management. Typically, an alternative financier will fund most of the cost of the stock, including charges (e.g. insurance costs). Trade finance offers advantages over more traditional bank funding for example invoice finance or business loans. Trade finance provides quick funding without affecting existing relationships with banks.

How does it work?

If you’re a company importing or exporting inventory 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 import from India, how can Trade Finance Global help, and how does it work?

If you’re looking to import from India, contact our local experts in trade finance to see how we can help you grow your business in other markets. If you are looking to import stock from other countries, you may need import finance, which is an agreement between yourself (the importer) and the foreign exporter. A non-bank lender will act as the intermediary, paying the foreign exporter on your behalf until you receive the goods and have then sold them to your customer. Repaying the financier then occurs over an agreed period. Read the TFG Importers Guide here.


Importing from India? Contact our local experts

India Economic Statistics

Government Website

Sovereign Ratings

https://countryeconomy. com/ratings/india

Central Bank

Reserve Bank of India

Currency USD Exchange Rate


Unemployment Rate


Population below poverty line


Inflation Rate


Prime Lending Rate



$2,251 billion

GDP Pro Capita (PPP)


Currency Name

Indian Rupee

Currency Code


World Bank Classification

Lower Middle Income

Competitive Industrial Performance


Corruption Perceptions Index


Ease of Doing Business


Enabling Trade Index


Currency in India

About the Author

Natasha Roston is Head of People and Growth at Trade Finance Global (TFG). 

Natasha builds partnerships with Universities and external stakeholders to improve trade education projects. She is passionate about delivering innovative learning experiences to maximize engagement.

In 2022, Natasha led TFG’s Women In Trade campaign on #BreakTheBias, writing an article on the impact of gender stereotypes for gender equality in the workplace. 

Natasha is also responsible for TFG careers, culture, and growth. A Level 2 Qualified Coach and Mental Health First Aid Champion, she leads internal training, supporting the holistic wellbeing and professional development of the team.

Natasha worked in education for over a decade before joining TFG. Initially in formal education as a history teacher, and then in leadership roles as a Director of Learning and Head of Classics. Following this, she worked in EdTech as a Learning Design Coach for Aula’s Higher Education platform.

In addition to her work at TFG, Natasha volunteers for the Young Women’s Trust as a Work It Out – CV Volunteer. 

She holds an MA from Tel Aviv University, a History PGCE from The Institute of Education and a BA from the University of Nottingham. Currently, she is studying for her Level 3 Certificate in International Trade from the Institute of Export & International Trade.

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