FIEO unveil product strategy for 36 top performing products

Author(s): City Air NewsTo add USD 65 Billion in next three years at the stake holders meeting Ludhiana, October 7, 2015: Out of the top 100 products of India’s exports basket at 6 digit tariff lines, FIEO has identified 36 products using...

cityairnews cityairnews Oct 7, 2015 12:30 0

FIEO unveil product strategy for 36 top performing products
Author(s): 
City Air News
To add USD 65 Billion in next three years at the stake holders meeting
Ludhiana, October 7, 2015: Out of the top 100 products of India’s exports basket at 6 digit tariff lines, FIEO has identified 36 products using the parameters of
a) Positive Revealed Comparative Advantage (RCA)
b) Higher exports growth than India’s average exports growth in 2010-2014 (Calendar year wise) in such products.
c) Higher world-wise import growth than World’s average imports growth in 2010-2014 (Calendar)
The 36 products showed a CAGR of 21% in India’s exports during 2010-14 (as against overall exports CAGR of 9.56 %). The CAGR of World’s Imports for such products was 16.63% in the same period (as against overall global imports CAGR of 5.3 % in the same period).
The total exports of these 36 products from India in 2014 (Calendar year) was US$ 45.58 Bn, close to 14 % of our total exports. The World Imports for these 36 products in 2014 stood at US$ 700.45 Bn. India’s share in World Exports for these 36 products was thus 6.5% in 2014 as against our overall share of about 1.7% in World Merchandise Exports.
FIEO expects even the current CAGR of over 16% will take their imports to US$ 1100 Bn by 2017 . If India can increase its share from 6.5% to 10 % in next three years, we can take our exports from US$ 45.58 Bn to over US$ 110 Bn in next 3 years said FIEO. An additional US$ 65 Bn to the exports sector can be added by these 36 products at 6 digit tariff lines observed FIEO.
FIEO suggested for consultation with products specific Export Promotion Councils and other organisations to understand the supply side challenges in meeting such targets and devising product specific strategy or a product market matrix strategy to boost exports.

 

Trade data of potential items from India's top 100  export items

 

 

 

 

 

in USD billion

 

HS CODES

DESCRIPTION

World imports

India's Exports

2010

2014

2010

2014

1

'020230

Bovine cuts boneless, frozen

2.264

21.704

1.676

4.719

2

'080132

Cashew nuts, without shell, fresh or dried

2.039

3.014

0.562

0.861

3

'100590

Maize (corn) nes

22.241

32.058

0.514

0.808

4

'120740

Sesamum seeds, whether or not broken

1.831

3.451

0.456

0.814

5

'251611

Granite Crude Or Roughly Trimmed

1.406

1.747

0.340

0.585

6

'290220

Benzene

5.923

10.183

0.419

0.616

7

'290243

P-Xylene

10.535

19.261

0.426

1.028

8

'300220

Vaccines For Human Medicine

18.790

29.258

0.153

0.578

9

'320416

Reactive Dys And Preptns Based Thereon

1.397

1.906

0.251

0.684

10

'380891

Insecticides

5.835

8.825

0.481

0.784

11

'390210

Polypropylene

23.212

28.963

0.800

1.209

12

'401161

New Pnmtc Tyres Used On Agrl Or Forestry Vehicles/Machines Having"Hearing-Bone" Or Similar Tread.With Rim Size Less

1.732

2.500

0.009

0.464

13

'420231

Artcls Wth Outer Srfce Of Lthr Of Compstn Lthr/Of Ptnt Lthr Caried In Pockt/Hndbag

2.653

4.430

0.251

0.486

14

'520512

Sngl Yrn Of Uncmbd Fbrs Measuring<714.29 But >= 232.56 Dctx(> 14 But <=43 Mtrc No)

2.306

3.808

0.162

0.565

15

'520514

Sngl Yrn Of Uncmbd Fbrs Measurng<192.31 But >=125 Dctx(>50 But <=80 Mtrc No)

0.255

1.373

0.020

0.574

16

'520524

Sngl Yrn Of Cmbd Fbrs Measurng<192.31 But >=125 Dctx(>52 But <=80 Mtrc No)

1.289

1.719

0.446

0.810

17

'540233

Textured Yarn Of Polyesters

3.220

4.410

0.386

0.802

18

'610990

T-Shirt Etc Of Other Textile Materials

7.868

13.466

0.225

0.894

19

'620443

Dresses Of Synthetic Fibres

4.069

7.311

0.171

0.484

20

'620640

Blouses,Shirts Etc Of Man-Made Fibres

3.194

7.740

0.212

0.729

21

'621143

Other Garments Of Man-Made Fibres

2.216

3.533

0.028

0.468

22

'630532

Flexible Intermediate Bulk Containers Of Man Made Textile Materials

1.450

2.265

0.137

0.506

23

'640351

Ankle Cvrd Ftwear Wth Outr Soles Of Lthr

1.428

1.947

0.513

0.858

24

'640391

Other Ankle Covered Footwear

11.238

16.191

0.302

0.535

25

'710231

Non-Industrial Diamonds Unworked/Simply Sawn Cleaved Or Bruted

3.545

47.814

0.523

1.586

26

'710812

Other Unwrought Forms

100.307

227.173

0.107

2.433

27

'711311

Artcls Of Jewellery And Prts Thereof Of Slvr W/N Pltd/Cld Wth Othr Prcs Mtl

5.868

8.151

0.357

1.865

28

'711319

Artcls Of Othr Prcs Mtl W/N Pltd Or Clad

43.572

73.198

7.477

11.222

29

'720719

Othr Prdcts Contng By Wt<0.25% Of Carbon

2.667

3.307

0.175

0.647

30

'741999

Other Articles Of Heading 7419

2.559

3.417

0.111

0.553

31

'870190

Other Tractors

15.242

20.845

0.517

0.904

32

'870322

Vehicles With Spark-Ignition Internal Combustion Reciprocating Piston Engine Of Cylindr Capacity>1000cc Bt Nt>1500cc

60.388

76.581

2.152

3.237

33

'871120

Motor Cycl Etc Wth Rcprctng Intrnl Cmbstn Pstn Engn Of Cylndr Cpcty>50 Cc To 250 Cc

5.315

7.476

0.698

1.753

34

'890510

Dredgers

0.749

1.434

0.079

0.520

35

732599

Other Cast Artcles Of Iron Or Steel Of Malleable Cast Iron

2.406

3.295

0.466

0.823

36

731816

Threaded Nuts

4.573

6.630

0.026

0.474

 

 
Date: 
Wednesday, October 7, 2015