The economy of India is the tenth-largest in the world by nominal GDP and the third-largest

by purchasing power parity (PPP).[29] The country is one of the G-20 major economies, a
member of BRICS and a developing economy that is among the top 20 global traders
according to the WTO.[30] India was the 19th-largest merchandise and the 6th largest services
exporter in the world in 2013; it imported a total of $616.7 billion worth of merchandise and
services in 2013, as the 12th-largest merchandise and 7th largest services importer.[31] India's
economic growth slowed to 4.7% for the 201314 fiscal year, in contrast to higher economic
growth rates in 2000s.[32] IMF projects India's GDP to grow at 5.6% over 2014-15.[5]
Agriculture sector is the largest employer in India's economy but contributes a declining
share of its GDP (13.7% in 2012-13).[6] Its manufacturing industry has held a constant share
of its economic contribution, while the fastest-growing part of the economy has been its
services sector - which includes construction, telecom, software and information
technologies, infrastructure, tourism, education, health care, travel, trade, banking and other
components of its economy.[7]
The post independence-era Indian economy (from 1947 to 1991) was a mixed economy with
an inward-looking, centrally planned, interventionist policies and import-substituting
economic model that failed to take advantage of the post-war expansion of trade and that
nationalized many sectors of its economy.[33] India's share of global trade fell from 1.3% in
1953 to 0.5% in 1983.[34] This model contributed to widespread inefficiencies and corruption,
and it was poorly implemented.[35]

Textile
Textile industry contributes about 4 per cent to the countrys GDP, 14 per cent of the
industrial production, and 17 per cent to export earnings.[130] India's textile industry has
transformed from a declining sector to a rapidly developing one in recent years. After freeing
the industry in 20042005 from a number of limitations, primarily financial, the government
gave a green light to massive investment inflows both domestic and foreign. During the
period from 2004 to 2008, total investment into textile sector increased by 27 billion dollars.
Ludhiana produces 90% of woollens in India and is known as the Manchester of India.
Tirupur has gained universal recognition as the leading source of hosiery, knitted garments,
casual wear and sportswear. Expanding textile centers such as Ichalkaranji enjoy one of the
highest per capita incomes in the country.[131] India's cotton farms, fiber and textile industry
provides employment to 45 million people in India,[130] including some child labour (1%).
The sector is estimated to employ around 400,000 children under the age of 18

India Export to East Africa

S.
No
.

April-2010-March2011
Name of
Country

Value in
INR Lacs

Value in
US$
Million

April-2011-March2012
Value in
INR Lacs

Value in
US$
Million

April-2012-March2013
Value in
INR Lacs

%Growt %Growt
Value in h in INR h in US$
US$
Million

India Export
3,922.13
to COMOROS

India Export
145,274.27 319.87 229,461.69 475.34 223,755.33 411.86 -2.49
to DJIBOUTI

-13.35

India Export
124,545.39 273.66 224,165.33 464.17 408,162.58 748.82 82.08
to ETHIOPIA

61.32

India Export
2,182.0 1,098,722.1 2,277.4 2,052,569.6 3,770.3
994,752.69
86.81
to KENYA
1
2
6
6
4

65.55

India Export
to
36,046.80
MADAGASCA
R

24.90

India Export
1,400.5
1,310.8
to
386,060.70 853.91 676,907.61
713,661.96
5.43
1
0
MAURITIUS

-6.41

India Export
17,397.65
to REUNION

38.21

23,046.70

48.03

26,606.92

48.87

15.45

1.75

India Export
to
12,295.18
SEYCHELLES

27.02

16,674.71

34.72

21,111.49

38.87

26.61

11.95

India Export
40,621.27
to SOMALIA

89.45

71,097.63

144.72 99,176.32

182.32 39.49

25.98

India Export
1,474.8
1,614.6 1,173,292.0 2,152.2
10 to TANZANIA 670,141.48
769,675.43
52.44
1
9
5
5
REP

33.29

8.61

79.33

5,278.34

59,759.88

10.98

11,255.99

123.63 83,936.82

20.74

113.25 88.89

154.42 40.46

Total

2,431,057.5 5,346.8 3,174,789.4 6,594.2 4,813,529.1 8,839.2

51.62
6
7
4
4
2
9

34.05