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IMPORT DATA

The details of India’s overall (merchandise and services) imports along with percentage change from 2009-10 to 2021-22 are as given in the table below:

Years Value of Overall Imports

(in US$ Billion)

2009-10 348.40
2010-11 450.32
2011-12 567.55
2012-13 571.50
2013-14 528.95
2014-15 529.61
2015-16 465.64
2016-17 480.21
2017-18 583.11
2018-19 640.14
2019-20 602.98
2020-21 511.96
April-October, 2020 250.44
April-October, 2021 * 405.31

Source: DGCI&S, Kolkata and RBI (*: Provisional)

The data reveals that India’s import declined during 2015-16, 2019-20 and 2020-21 by 12.08, 5.80% and 15.09% respectively.

Imports take place to meet the gap between domestic production and supply, consumer demand and preferences for various products. The Government has taken several steps to create/enhance domestic capacity, incentivise domestic manufacturing through Production Linked Incentive Schemes (PLI), phased manufacturing plans, timely use of trade remedy options, adoption of mandatory technical standards, enforcement of Free Trade Agreement (FTA) Rules of Origin (RoO) and development of import monitoring system.

This information was given by the Minister of State in the Ministry of Commerce and Industry, Smt. Anupriya Patel, in a written reply in the Lok Sabha today.

 

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