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Expansion of India’s trade with Russia, USA, China and UK is a sustained and continuous effort of the government. Steps are being taken, on an ongoing basis, to expand and diversify trade through various trade promotion measures with these countries such as market research, participation in trade fairs/exhibitions, promotion of dialogue at the highest level through exchanges of delegations, constant review through the Joint Commission/Working Group/Sub-Group mechanism, Joint Business Councils, exchange of information etc. Russia has been included as a Focus Country in the ongoing phase of the Focus: CIS programme aimed at developing and enhancing India’s trade with countries of the CIS region.
As per international trade statistics available from Directorate General of Commercial Intelligence & Statistics (DGCI&S), Kolkata, the statistics of Indo-Russia, Indo-US, Sino-India and Indo-UK trade during the last three years is as follows:
Value in US $ million
Exports
Imports
Country
2002-03
2003-04
2004-05
2002-03
2003-04
2004-05
Russia
704.00
713.76
597.43
592.61
959.63
1265.38
USA
10895.76
11490.11
13265.60
4443.58
5034.86
6291.49
China
1975.48
2955.10
4586.28
2792.04
4053.23
6746.66
UK
2496.41
3023.27
3544.69
2777.01
3234.35
3431.35
This was stated by Shri E.V.K.S. Elangovan, Minister of State for Commerce & Industry, in a written statement in the Lok Sabha today.
SB/MRS
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