India’s Trade Balance

We can make out easily that India’s Trade Balance was negative when we got Independence. In 1949-50, India’s exports were worth Rs. 485 Crore and the imports were worth Rs. 617 Crore. So, we started with a negative trade balance of Rs. 132 Crore. During the first plan period, the imports and exports were as follows:

This table shows that there is a continuous negative balance of Trade from India’s independence till the first years of 1970s.

However, In 1970’s India saw two years viz. 1972-73 & 1976-77, in which she had a favorable trade Balance.

  • These two financial years are the only two financial years in the history of Post independence India, in which we had a favorable trade balance.

After that, the Trade as well as negative Trade Balance increased, post liberalization Era.

Post liberalization, the devaluation of Rupee and convertibility of Indian Rupee in current account tried to create a favouarble environment, this was evident in the year 1993-94 and 1995-96, but in the subsequent years, the trade deficit increased.

However, in recent years, India’s merchandise export has shown a remarkable growth, except for the period of financial slowdown.

 No.No.StateTiger ReserveYear Estd.Est. No. of TigersTotal Area (km2)
11AssamManas Tiger Reserve1973-74152840
22JharkhandPalamau Tiger Reserve1973-7461026
33KarnatakaBandipur Tiger Reserve1973-7479866
44Madhya PradeshKanha Tiger Reserve1973-74601945
55MaharashtraMelghat Tiger Reserve1973-7451677
66OdishaSimlipal Tiger Reserve1973-7482750
77RajasthanRanthambhore Tiger Reserve1973-74451334
88UttarakhandCorbett Tiger Reserve1973-741341316
99West BengalSunderbans Tiger Reserve1973-742562585
1010KarnatakaBannerghatta tiger and lion reserve1978NA104
1111KeralaPeriyar Tiger Reserve1978-7910925
1212RajasthanSariska Tiger Reserve1978-794866
1313Arunachal PradeshNamdapha Tiger Reserve1982-83151985
1414Andhra PradeshNagarjunsagar-Srisailam Tiger Reserve1982-83143568
1515ChhattisgarhIndravati Tiger Reserve1982-83132799
1616West BengalBuxa Tiger Reserve1982-8312759
1717Uttar PradeshDudhwa Tiger Reserve1987-88101811
1818Tamil NaduKalakad-Mundathurai Tiger Reserve1988-8973800
1919BiharValmiki Tiger Reserve1989-9018840
2020Madhya PradeshPench Tiger Reserve1992-9319758
2121Madhya PradeshBandhavgarh Tiger Reserve1993-94631162
2222MaharashtraTadoba-Andhari Tiger Reserve1993-9420620
2323Madhya PradeshPanna Tiger Reserve1994-9522542
2424MizoramDampa Tiger Reserve1994-95235 00
2525KarnatakaBhadra Tiger Reserve1998-9924492
2626MaharashtraPench Tiger Reserve1998-9925257
2727AssamNameri Tiger Reserve1999–200027344
2828Arunachal PradeshPakhui Tiger Reserve1999–200026862
2929KarnatakaNagarhole (extension) Tiger Reserve1999–200037643
3030Madhya PradeshBori-Satpura Tiger Reserve1999–2000281486
3131AssamKaziranga Tiger Reserve200632859
3232Tamil NaduMudumalai National Park200736321
3333OdishaSatkosia Tiger Reserve200731988
3434KarnatakaAnshi Dandeli Tiger Reserve200734875
3535MaharashtraSahyadri Tiger Reserve200839569
3636ChhattisgarhAchanakmar Tiger Reserve200833963
3737Madhya PradeshSanjay Dubri Tiger Reserve200835831
3838Tamil Nadu / KeralaAnnamalai Tiger Reserve2008-09291019
3939ChhattisgarhUdanti & Sitanadi Tiger Reserve2008-09301580
4040KeralaParambikulam Tiger Reserve201038391
4141KarnatakaBiligiri Rangaswamy Temple Wildlife Sanctuary201040540
4242KarnatakaKudremukh Tiger Reserve2012NANA

For 2008-09, a target of US$ 200 Billion was fixed, which was later revised downward to US $ 175 billion because of global slowdown in the second half of the 2008-09. Due to the uncertain global scenario, the Government of India did not fix a target for 2009-10, but the Foreign Trade Policy 2009-14, had set the objective of an annual 15% growth in export target and US$ 200 Billion export by March 2011.