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.

Importing from India? Contact our local experts

1.00 GBP
British Pound
1.00 GBP = 85.3047 INR
=
85.3047 INR
Indian Rupee
1.00 INR = 0.01172 GBP

Country Profile

CapitalRepublic of IndiaBh?rat Ga?ar?jya Flag State Emblem Motto:"Satyameva Jayate"(Sanskrit)"Truth Alone Triumphs" Anthem:"Jana Gana Mana"(Bengali)"Thou Art the Ruler of the Minds of All People" National songVande Mataram"I Bow to Thee, Mother" Area controlled by India shown in dark green; claimed but uncontrolled regions shown in light green. New Delhi
Population 1,293,057,000
Area 3,287,263  km2 (1,269,219 sq mi)
km2 (7th)
Currency Indian rupee (INR)
GDP
Languages Hindi 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

India: Exports Profile

Exports from India

Exports from India: $272.4 billion
Export commodities:Software, petrochemicals, agriculture, leather, jewellery, engineering goods, pharmaceuticals, textiles, chemicals, transportation, ores and other commodities
Top export destinations:European Union (16.9%), United States (15.2%), United Arab Emirates (11.3%), Hong Kong (4.6%) (2015)
GDP growth (annual %)

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

Country Profile

CapitalRepublic of IndiaBh?rat Ga?ar?jya Flag State Emblem Motto:"Satyameva Jayate"(Sanskrit)"Truth Alone Triumphs" Anthem:"Jana Gana Mana"(Bengali)"Thou Art the Ruler of the Minds of All People" National songVande Mataram"I Bow to Thee, Mother" Area controlled by India shown in dark green; claimed but uncontrolled regions shown in light green. New Delhi
Population 1,293,057,000
Area 3,287,263  km2 (1,269,219 sq mi)
km2 (7th)
Currency Indian rupee (INR)
GDP
Languages Hindi 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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