India

Asia & Middle East
India world map

Trade in India

India was the world’s 18th largest exporter of goods and 8th largest exporter of commercial services in 2021. Export values were $395.4 and $239.9 billion USD respectively. India’s top export category was manufactures, followed by fuels and mining products, and agricultural products. In 2020, India’s main export destination markets for goods and services trade were to United States, China and United Arab Emirates, with trade representing 37.81 per cent of GDP. In terms of imports, India’s import values were $573.1 and $195.0 billion USD respectively in 2021. India’s top import category was manufactures, followed by fuels and mining products and agricultural products. Leading import partners were China, United States and United Arab Emirates. India is part of 18 different Regional Trade Agreements, such as ASEAN – India,  and Asia Pacific Trade Agreement (APTA).
Regional Trade Agreements Database

General Information

This section includes general information on the economy, legal system, official languages and links to additional demographic information.

Official Name

Republic of India

Abbreviation

IN

Capital

New Delhi

WTO Membership Date

1 January 1995

Legal System

common law system based on the English model; separate personal law codes apply to Muslims, Christians, and Hindus; judicial review of legislative acts

Language

Hindi, English

Number of Time Zone(s)

1

Additional Information

Financial Information

This section includes financial information such as the currency, exchange rate lookup and local banks issuing trade finance.

Currency

Indian rupee

Exchange Rate

 Google Finance Currencies

GTFP Confirming Banks

Through the IFC's Global Trade Finance Program (GTFP) bank network, local financial institutions can establish working partnerships with a vast number of major international banks in the Program that can broaden access to finance and reduce cash collateral requirements. This extends and complements the capacity of banks to deliver trade finance by providing risk mitigation on a per-transaction basis in challenging markets where trade lines may be limited.

  • Australia and New Zealand Banking Group Limited Mumbai - Mumbai, India - SWIFT: ANZBINBXXXX

  • Axis Bank Ltd - Mumbai, India - SWIFT: AXISINBB

  • Bank of America NA Chennai - Chennai, India - SWIFT: BOFAIN4XMAA

  • Bank of America NA Kolkata - Kolkata, India - SWIFT: BOFAIN4XCCU

  • Bank of America NA Mumbai - Mumbai, India - SWIFT: BOFAIN4XXXX

  • Barclays Bank PLC India - Mumbai, India - SWIFT: BARCINBB

  • BNP Paribas India - Mumbai, India - SWIFT: BNPAINBB

  • BNP Paribas New Delhi Branch - New Delhi, India - SWIFT: BNPAINBB

  • Citibank NA Mumbai - Mumbai, India - SWIFT: CITIINBX

  • Cooperatieve Centrale Raiffeisen-Boerenleenbank B.A., Mumbai, India - SWIFT: RABOINBB

  • Credit Agricole CIB - Mumbai, India - SWIFT: CRLYINBB

  • DBS Bank Ltd Mumbai - Mumbai, India - SWIFT: DBSSINBB

  • DBS Bank India Limited- New Delhi, India - SWIFT: DBSSINBB

  • Deutsche Bank AG Bangalore - Bangalore, India - SWIFT: DEUTINBBBGL

  • Deutsche Bank AG Chennai - Chennai, India - SWIFT: DEUTINBBCNN

  • Deutsche Bank AG Kolkata - Kolkata, India - SWIFT: DEUTINBBCAL

  • Deutsche Bank AG Mumbai - Mumbai, India - SWIFT: DEUTINBB

  • Deutsche Bank AG New Delhi - New Delhi, India - SWIFT: DEUTINBBDEL

  • Eximbank Indonesia - Jakarta, Indonesia - SWIFT; BEXIIDJA

  • Export-Import Bank of India - Mumbai, India - SWIFT: EIBIINBB

  • ICICI Bank Limited - Mumbai, India - SWIFT: ICICINBB

  • HDFC Bank Limited – Mumbai, India - SWIFT: HDFCINBB

  • ING Vysya Bank Ltd Opera House - Mumbai, India - SWIFT: VYSAINBB

  • Kotak Mahindra Bank Limited – SWIFT: KKBKINBBCPC

  • MashreqBank PSC Mumbai - Mumbai, India - SWIFT: MSHQINBB

  • Natixis Hong Kong - Hong Kong, Hong Kong - SWIFT: NATXHKHX

  • PT Bank Internasional Indonesia (BII) (Maybank) Mumbai - India - SWIFT: BBKINBB

  • Standard Chartered Bank, Delhi Branch - Delhi, India - SWIFT: SCBLINBB

  • State Bank of India, Mumbai, India - SWIFT: SBININBB162

  • State Bank of India, New Delhi, India - SWIFT: SBININBB172

  • State Bank of India, Chennai, India - SWIFT: SBININBB174

  • State Bank of India, Kolkata, India - SWIFT: SBININBB175

  • The Hong Kong and Shanghai Banking Corporation Limited India - Mumbai, India - SWIFT: HSBCINBB

  • Yes Bank Ltd - Mumbai, India - SWIFT: YESBINBB

Contact Information

This section includes contact information for business support organizations and national resources.

Business Support Organizations

Government MSME Agency

  • Ministry of Micro, Small, and Medium Enterprises (MSMEs)

  • The Micro Units Development and Refinance Agency Ltd. (MUDRA)

  • National Small Industries Corporation

  • Office of the Development Commissioner

Copyright Offices

  • Copyright Office

  • Office of the Controller General of Patents, Designs and Trade Marks

  • Department for Promotion of Industry and Internal Trade

  • Ministry of Commerce and Industry

Industrial Property Offices

  • Office of the Controller General of Patents, Designs and Trade Marks

  • Department for Promotion of Industry and Internal Trade

  • Ministry of Commerce and Industry

SPS Enquiry Points

Sanitary and phytosanitary (SPS) enquiry points are government agencies designated to answer questions about trade requirements.

  • Animal health and related issues:


    Shri G. N. Singh


    Joint Secretary


    Department of Animal Husbandry and Dairying


    Phone: +(011) 23389620


    Website: http://dahd.nic.in/

    Ministry of Animal Husbandry, Dairying and Fisheries


    Krishi Bhawan

    [email protected]

  • Food safety and human health related issues:

    Shri P. Karthikeyan

    Deputy Director (Regulation/Codex)

    Food Safety Standards Authority of India (FSSAI)

    Phone: +(011) 8860529053

    Website: http://www.fssai.gov.in/

    FDA Bhawan

    Near Bal Bhawan

    Kotla Road

    [email protected]

  • Plant health or phytosanitary related issues:
    Shri Atish Chandra
    Joint Secretary
    Department of Agriculture, Cooperation and Farmers Welfare
    Phone: +(011) 23384240
    Website: http://agricoop.nic.in/

    Ministry of Agriculture and Farmers Welfare
    Krishi Bhawan
    Dr Rajendra Prasad Road

    [email protected]

TBT Enquiry Points

Technical Barriers to Trade (TBT) enquiry points are government agencies designated to answer questions about trade requirements.

  • For all queries except the Telecom Sector:

    International Relations & Technical Information Services Department

    Bureau of Indian Standards (BIS)

    Manak Bhavan

    Contact Person: Mr J Roy Chowdhury, Scientist 'F' & Head

    Phone: +(91 11) 232 30 342 +(91 11) 232 31 082

    Website: http://www.bis.org.in

    9 Bahadur Shah Marg

    New Delhi-110002

    [email protected]

  • Enquiry point for Telecom Sector:
    Telecommunication Engineering Center (TEC)
    Contact Person: Mr Akhilesh Kumar Gupta
    Phone: +(91 11) 23329540
    Website: http://www.tec.gov.in/

    Room No: 562,
    Khurshid Lal Bhawan,
    Janpath, New Delhi-110001

    [email protected]

Additional Information

 ePing alert

Links to other helpful resources

This section includes additional links to trade-related resources.

National Tariff Finder

 https://www.cbic.gov.in/htdocs-cbec/customs/custom-tariff

Trade Information Portal

 https://www.indiantradeportal.in/

Last Reviewed: June, 2023

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