March 2006
India
                         
BASIC INDICATORS
Population (thousands, 2004) 1 079 721 Rank in world trade, 2004 Exports Imports
GDP (million current US$, 2004)  691 876 Merchandise  30 24
GDP (million current PPP US$, 2004) 3 362 960 Commercial services 18 16
Current account balance (million US$, 2003)  6 853 Merchandise excluding intra-EU trade 20 16
Trade per capita (US$, 2001-2003)   145 Commercial serv. excl. intra-EU trade 10 8
Trade to GDP ratio (2001-2003)   28.7
Annual percentage change
2004   1995-2004 2003 2004
Real GDP (1995=100)   168 6 9 7
Exports of goods and services (volume, 1995=100)  a   240 12 7 ...
Imports of goods and services (volume, 1995=100)  a   190 8 11 ...
                         
TRADE POLICY
WTO accession date 1 January 1995 Contribution to WTO budget (%, 2006) 0.913
Trade Policy Review date 19, 21 June 2002 Import duties collected (%, 2002-2004):
in total tax revenue 18.8
Tariff binding coverage (%, 2005)   73.8 to total merchandise imports 14.1
MFN tariffs Final bound Applied 2004
Simple average of ad-valorem duties Number of:
All goods   49.8   29.1 GATS services sectors with commitments   37
Agricultural goods (AOA)   114.5   37.4 Dispute rulings (complainant - defendant) 8 - 5
Non-agricultural goods   34.3   27.9 Notifications outstanding  (CRN)   22
Non ad-valorem duties (% of total tariff lines)   7.2   0.0 Number of contingency measures in force:
Anti-dumping (30 June 2005) 191
MFN duty free imports Countervailing duties (30 June 2005) ...
Share in total imports, 2001   2.1 Safeguards (3 November 2005)   8
                         
MERCHANDISE TRADE  Value Annual percentage change
2004   1995-2004 2003 2004
Merchandise exports, f.o.b. (million US$)  75 558 11 16 32
Merchandise imports, c.i.f. (million US$)  97 331 12 26 37
2004   2004
Share in world total exports    0.82 Share in world total imports  1.02
Breakdown in economy's total exports Breakdown in economy's total imports
  By main commodity group (ITS)   By main commodity group (ITS)
Agricultural products   11.3 Agricultural products 7.0
Fuels and mining products   11.4 Fuels and mining products 36.1
Manufactures   74.5 Manufactures 48.5
  By main destination   By main origin
1. European Union (25)   21.5 1. European Union (25)   17.1
2. United States   16.5 2. United States   6.3
3. United Arab Emirates   8.8 3. China   6.2
4. China   6.6 4. Switzerland   5.3
5. Singapore   4.8 5. United Arab Emirates   4.2
    Unspecified destinations     0.5         Unspecified origins     27.8
COMMERCIAL SERVICES TRADE  Value Annual percentage change
2004   1995-2004   2003 2004
Commercial services exports (million US$)  b  38 361   ... 21 ...
Commercial services imports (million US$)  b  38 969   ... 23 ...
2004   2004
Share in world total exports   1.76   Share in world total imports 1.83
Breakdown in economy's total exports Breakdown in economy's total imports
  By principal services item   By principal services item
Transportation   11.6   Transportation 34.6
Travel   13.9   Travel 12.8
Other commercial services   74.4   Other commercial services 52.6
                         
INDUSTRIAL PROPERTY 
  Total   Residents Non-residents   Total   Residents Non-residents
Patents granted, 1999  2 160   633  1 527   Marks registered, 1999  8 010 6 747 1 263
                         
a  Refers to 2003 values and to the average annual percentage change for 1995-2003.
b  Break in series for commercial services: 2004.