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. State Tiger Reserve Year Estd. Est. No. of Tigers Total Area (km2)
1 1 Assam Manas Tiger Reserve 1973-74 15 2840
2 2 Jharkhand Palamau Tiger Reserve 1973-74 6 1026
3 3 Karnataka Bandipur Tiger Reserve 1973-74 79 866
4 4 Madhya Pradesh Kanha Tiger Reserve 1973-74 60 1945
5 5 Maharashtra Melghat Tiger Reserve 1973-74 5 1677
6 6 Odisha Simlipal Tiger Reserve 1973-74 8 2750
7 7 Rajasthan Ranthambhore Tiger Reserve 1973-74 45 1334
8 8 Uttarakhand Corbett Tiger Reserve 1973-74 134 1316
9 9 West Bengal Sunderbans Tiger Reserve 1973-74 256 2585
10 10 Karnataka Bannerghatta tiger and lion reserve 1978 NA 104
11 11 Kerala Periyar Tiger Reserve 1978-79 10 925
12 12 Rajasthan Sariska Tiger Reserve 1978-79 4 866
13 13 Arunachal Pradesh Namdapha Tiger Reserve 1982-83 15 1985
14 14 Andhra Pradesh Nagarjunsagar-Srisailam Tiger Reserve 1982-83 14 3568
15 15 Chhattisgarh Indravati Tiger Reserve 1982-83 13 2799
16 16 West Bengal Buxa Tiger Reserve 1982-83 12 759
17 17 Uttar Pradesh Dudhwa Tiger Reserve 1987-88 101 811
18 18 Tamil Nadu Kalakad-Mundathurai Tiger Reserve 1988-89 73 800
19 19 Bihar Valmiki Tiger Reserve 1989-90 18 840
20 20 Madhya Pradesh Pench Tiger Reserve 1992-93 19 758
21 21 Madhya Pradesh Bandhavgarh Tiger Reserve 1993-94 63 1162
22 22 Maharashtra Tadoba-Andhari Tiger Reserve 1993-94 20 620
23 23 Madhya Pradesh Panna Tiger Reserve 1994-95 22 542
24 24 Mizoram Dampa Tiger Reserve 1994-95 23 5 00
25 25 Karnataka Bhadra Tiger Reserve 1998-99 24 492
26 26 Maharashtra Pench Tiger Reserve 1998-99 25 257
27 27 Assam Nameri Tiger Reserve 1999–2000 27 344
28 28 Arunachal Pradesh Pakhui Tiger Reserve 1999–2000 26 862
29 29 Karnataka Nagarhole (extension) Tiger Reserve 1999–2000 37 643
30 30 Madhya Pradesh Bori-Satpura Tiger Reserve 1999–2000 28 1486
31 31 Assam Kaziranga Tiger Reserve 2006 32 859
32 32 Tamil Nadu Mudumalai National Park 2007 36 321
33 33 Odisha Satkosia Tiger Reserve 2007 31 988
34 34 Karnataka Anshi Dandeli Tiger Reserve 2007 34 875
35 35 Maharashtra Sahyadri Tiger Reserve 2008 39 569
36 36 Chhattisgarh Achanakmar Tiger Reserve 2008 33 963
37 37 Madhya Pradesh Sanjay Dubri Tiger Reserve 2008 35 831
38 38 Tamil Nadu / Kerala Annamalai Tiger Reserve 2008-09 29 1019
39 39 Chhattisgarh Udanti & Sitanadi Tiger Reserve 2008-09 30 1580
40 40 Kerala Parambikulam Tiger Reserve 2010 38 391
41 41 Karnataka Biligiri Rangaswamy Temple Wildlife Sanctuary 2010 40 540
42 42 Karnataka Kudremukh Tiger Reserve 2012 NA NA

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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