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.StateTiger ReserveYear Estd.Est. No. of TigersTotal Area (km2)
1AssamManas Tiger Reserve1973-74152840
2JharkhandPalamau Tiger Reserve1973-7461026
3KarnatakaBandipur Tiger Reserve1973-7479866
4Madhya PradeshKanha Tiger Reserve1973-74601945
5MaharashtraMelghat Tiger Reserve1973-7451677
6OdishaSimlipal Tiger Reserve1973-7482750
7RajasthanRanthambhore Tiger Reserve1973-74451334
8UttarakhandCorbett Tiger Reserve1973-741341316
9West BengalSunderbans Tiger Reserve1973-742562585
10KarnatakaBannerghatta tiger and lion reserve1978NA104
11KeralaPeriyar Tiger Reserve1978-7910925
12RajasthanSariska Tiger Reserve1978-794866
13Arunachal PradeshNamdapha Tiger Reserve1982-83151985
14Andhra PradeshNagarjunsagar-Srisailam Tiger Reserve1982-83143568
15ChhattisgarhIndravati Tiger Reserve1982-83132799
16West BengalBuxa Tiger Reserve1982-8312759
17Uttar PradeshDudhwa Tiger Reserve1987-88101811
18Tamil NaduKalakad-Mundathurai Tiger Reserve1988-8973800
19BiharValmiki Tiger Reserve1989-9018840
20Madhya PradeshPench Tiger Reserve1992-9319758
21Madhya PradeshBandhavgarh Tiger Reserve1993-94631162
22MaharashtraTadoba-Andhari Tiger Reserve1993-9420620
23Madhya PradeshPanna Tiger Reserve1994-9522542
24MizoramDampa Tiger Reserve1994-95235 00
25KarnatakaBhadra Tiger Reserve1998-9924492
26MaharashtraPench Tiger Reserve1998-9925257
27AssamNameri Tiger Reserve1999–200027344
28Arunachal PradeshPakhui Tiger Reserve1999–200026862
29KarnatakaNagarhole (extension) Tiger Reserve1999–200037643
30Madhya PradeshBori-Satpura Tiger Reserve1999–2000281486
31AssamKaziranga Tiger Reserve200632859
32Tamil NaduMudumalai National Park200736321
33OdishaSatkosia Tiger Reserve200731988
34KarnatakaAnshi Dandeli Tiger Reserve200734875
35MaharashtraSahyadri Tiger Reserve200839569
36ChhattisgarhAchanakmar Tiger Reserve200833963
37Madhya PradeshSanjay Dubri Tiger Reserve200835831
38Tamil Nadu / KeralaAnnamalai Tiger Reserve2008-09291019
39ChhattisgarhUdanti & Sitanadi Tiger Reserve2008-09301580
40KeralaParambikulam Tiger Reserve201038391
41KarnatakaBiligiri Rangaswamy Temple Wildlife Sanctuary201040540
42KarnatakaKudremukh 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.

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