India may not be the richest or most developed country in the world. However, it is one of the major economies of international trade and commerce. India became a country that welcomed international trade and the 1991 liberalization policy. Since ancient times, India has been trading with foreign territories through its abundant and ample sea-supply routes. The country has a wide range of goods and services and has huge demand in foreign markets. With the development of logistics and transportation facilities, India's foreign trade contribution to the economy is much greater than the previous days.
International shipping in India is supervised by the Customs Department and tariffs are levied on products entering and leaving the country for sale.
India's Custom data provides detailed information on goods imported and exported from the country. Data from an Excel table obtained from an online database or hard copy provides information such as the name of the exporter, products imported to the country, quantity, HS code, origin, port of destination, and so on. India has 12 major ports and 100 AD 85 transition and small ports, located across its sea route. India's most famous seaport is the National Port Trust, Vizag Port, Dudigrin, Chennai and so on. Custom data can be imported from each of these ports or exported to foreign materials.
In India, foreign trade transactions are controlled and managed by the Director-General of foreign trade. Every export and import of a country needs to be approved by the general. India's position as one of Asia's most important destinations for export and import trade has increased the relevance of the DGFT role. India's foreign trade mainly includes clothing, pharmaceutical products, transport equipment, machinery and textiles. The country is also a major importer of crude oil, plastics and electronic products in Asia and Europe. India is a top rated exporter of software and knowledge services that support its economy handsomely.
Indian custom data is compiled so that local traders can have an idea of the product from the country of import and export. Since the global recession has had a serious impact on the country's balance of payments, India's imports have fallen steadily in the last year.
Now, the country's main concern is imports from South Africa and Australia, which are isolated from the euro crisis and the global recession.
TradeSNS is one of the most trusted import and export data providers in India. It offers the most valuable business intelligence, convenient access, a pocket-friendly price to the popular searchable import-export trade database in India. TradeSNS is very convenient for foreign traders. It is a new platform of SNS and B2B which based on custom data.
