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India 3rd largest economy with average 6% growth rate, going ahead of Italy, Germany and France in the 2015- 2025 time frame and Japan in 2032.

India's imports during April- September in the year 06-07, stood at $ 34554.76 Million, representing an increase of 21.42% over the imports of $ 28459.61 Million during the first six month of the previous Fiscal year.

Oil Imports during April - September 06-07, were valued at $ 9214.98 Million, which is 6.34% higher than oil imports, value at $ 8665.49 Million in the corresponding period of Last year.

Imports during September 06 were valued at $ 5911.96 Million representing an increase of 16.25% over the level of imports valued $ 5085.74 Million in September last year. In rupee terms the imports increased by 0.02%during September this year.

Importers has welcomed the Indian New Exim Policy. India's Import of 69 items covering Animal Products, vegetables, spices, antibiotics and films removed from Restricted List.

EOU's /STP / EHTP /SEZ Units may be allowed to import goods duty free by post through foreign Post Offices (FPO), provided the delivery is taken by the unit from the post office on the basis of procurement certificate and other relevant documents.
Vegetable Oils imports are unlikely to reach a new Height in the current season as compared to previous season which were as follows:-

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In 2003 -2004    43.93 lakh tonnes
In 1994 -2005    44.94 lakh tonnes
In 2005 -2006    44.25 lakh tonnes
In 2006 -2007    48.33 lakh tonnes.

Steel Imports up 16.5% to 1.175 million tones in April - December 2002 period as compared to the corresponding period last Fiscal. Imported Goods consumption in India is very much dependent on the annual fluctuations in total imports of India.

Contact Information

Delhi Office

Mr. Prashant Kumar
Tel: Direct : 91-11-40703045
Tel: Board : 91-11-40703000
Fax: 91-11-26422756
Email: indiaimports@infodriveindia.com


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