India inching closer to being a top 5 global exporter - WORLD BANK UPDATE.

[rangeelaraja]

India's export growths in services has been excellent.

 

India has not fully taken advantage of globalization like China has - but India likely be #4 on this list in the next 5 years, crossing Japan and certainly in top 3 in the next 10 years.

 

 

 

https://en.wikipedia.org/wiki/List_of_countries_by_exports

 

List by World Bank[edit]

This is a list of countries by exports of goods and services, based on World Bank's data.^[1][2]

Rank	Country	Exports (millions of $)	% of GDP	Year
	World	22,506,809.01	26.1%	2020
1	China	3,332,365.10	18.5%	2021
2	United States	2,134,445.00	10.2%	2020
3	Germany	1,673,705.66	43.4%	2020
4	Japan	793,322.84	15.5%	2020
5	United Kingdom	777,108.85	27.9%	2020
6	France	759,609.68	27.9%	2020
7	Netherlands	711,690.63	77.9%	2021
8	India	669,650.95	20.6%	2021
9	Hong Kong	612,609.65	176.7%	2020
10	South Korea	606,710.10	36.4%	2020
11	Singapore	599,198.18	176.2%	2020
12	Ireland	559,371.07	131.1%	2020
13	Italy	556,454.77	29.4%	2020
14	Canada	477,087.42	29.0%	2020
15	Switzerland	468,740.75	62.3%	2020
16	Mexico	434,178.94	40.2%	2020
17	Belgium	417,521.41	80.0%	2020
18	Spain	392,806.18	30.6%	2020
19	Russia	380,410.98	25.5%	2020
20	Poland	336,317.00	56.2%	2020
21	Iran	43,000.40	22.9%	2021
22	Australia	300,763.61	24.0%	2020
23	Vietnam	290,229.00	105.5%	2020

[Clarke]

Looking forward to the day where we don't need to import oil & gas, hope we realize that in the next 2, maybe 3 decades. A hundred billion dollars plus right there.

 

Haters gonna hate, Ambani Adani types have a major role there. 

 

PS: Wrong forum

[cricketfan28]

what about people ?

[Autonomous]

Amazing.

[Dery]

Exporting raw materials hardly a big deal 

[Clarke]

1 hour ago, Dery said:

Exporting raw materials hardly a big deal 

 

No

 

https://www.bloombergquint.com/business/400-billion-in-exports-whats-leading-the-boom

[Trichromatic]

What does Netherlands export that much?

[velu]

2 minutes ago, Trichromatic said:

What does Netherlands export that much?

 

my question as well 

[Clarke]

1 hour ago, Trichromatic said:

What does Netherlands export that much?

Generally speaking, like Japanese or German reputation, Dutch efficiency is also a thing. They're bound to have some outstanding industry.

 

[rangeelaraja]

https://dutchreview.com/culture/innovation/second-largest-agriculture-exporter/
 

 

Netherlands exports nearly $100B of agricultural products itself.

 

It’s agri export market is Europe obviously.

 

If India neighbored Western Europe we would be exporting  multiples of that.

 

Geography matters. 

Also for a tiny size Netherlands has ridiculous levels of productivity in farming - they produce and export highest margin products.

 

Most of India’s farmlands are occupied for our own food security - stable foods like wheat, rice, pulses ..etc.

 

India can certainly amp up productivity many times - but there too we have problems - too many farmers who own little parcels of land . 

 

 

[ravishingravi]

With the imminent food grain shortage, I anticipate massive increase in exports if WTO permits. 

[Serpico]

14 hours ago, ravishingravi said:

With the imminent food grain shortage, I anticipate massive increase in exports if WTO permits. 

Wouldn't that increase domestic inflation. Especially with anticipated fertilizer shortage for next season

[ravishingravi]

55 minutes ago, Serpico said:

Wouldn't that increase domestic inflation. Especially with anticipated fertilizer shortage for next season

 

Depends if there is a shortage domestically. At the moment we have surplus even after free ration distribution. Inflationary risks is now certainty but as long it's not supply driven, it should be manageable. 

[Clarke]

On 4/18/2022 at 2:09 PM, Serpico said:

Wouldn't that increase domestic inflation. Especially with anticipated fertilizer shortage for next season

 

Food Corp of India already has excess stored grain than needed besides the recent bumper crop.

[BacktoCricaddict]

On 4/17/2022 at 10:19 AM, Trichromatic said:

What does Netherlands export that much?

 

 

 

[BlueBlood]

Lol you are all so clueless.

 

India has been under achieving compared to China for decades especially since 2000.

 

The fact that we lag Germany, Japan and Netherlands is clear example.

 

Also, concentrating power in hands of Ambani (Oil & Gas) and Adani (Ports, Airports, Logistics, Shipping) to prop up BJP to keep winning elections with unlimited funding will come back to bite us in the end.

 

Basically when whole world including China moves to clean energy, AI, Robotics and sustainability, we will be still stuck in old legacy industries so Ambani and Adani can keep making money as they are the biggest oligarchs in the country no different than Russia relying heavily on Government regulation and support to help them

 

We already saw an example of it when Reliance destroyed competition from Amazon thanks to government regulations.

 

Our major strength in exports is IT and BPO sectors. If there's any slow down in those two, the country will reveal all its cracks in the foundations.

 

[mishra]

1 hour ago, BlueBlood said:

Lol you are all so clueless.

 

India has been under achieving compared to China for decades especially since 2000.

 

The fact that we lag Germany, Japan and Netherlands is clear example.

 

Also, concentrating power in hands of Ambani (Oil & Gas) and Adani (Ports, Airports, Logistics, Shipping) to prop up BJP to keep winning elections with unlimited funding will come back to bite us in the end.

 

Basically when whole world including China moves to clean energy, AI, Robotics and sustainability, we will be still stuck in old legacy industries so Ambani and Adani can keep making money as they are the biggest oligarchs in the country no different than Russia relying heavily on Government regulation and support to help them

 

We already saw an example of it when Reliance destroyed competition from Amazon thanks to government regulations.

 

Our major strength in exports is IT and BPO sectors. If there's any slow down in those two, the country will reveal all its cracks in the foundations.

 

Agree to a extent. I believe export/forex earnings in few sectors should be key indicators of modernisation.

1. Space Technology. ISRO and private companies are doing fantastic job

2. Defencese ( Thank you Parrikar Ji for Brahmos, Gen 4 Tejas and Rajnath for Gen 5 HAL AMCA. Thanks Ambain RNEL Tata TAS, Adani ADA )

3. Nuclear Energy Reasearch. I guess still long way to go

"In 2017, the government gave approval to the Nuclear Power Corporation of India (NPCIL) to build ten units of locally-designed pressurised heavy water reactors (PHWR), each with 700MW of capacity.

The government approved all the nuclear power reactors at the same time, with the aim of reducing costs and construction time."

4. Electronic manufacturing. Progress is good. Adaptation is needed

5 Heavy Engineering. Long way to go

In other sectors like automobile, Govmnt getting deal with Aussies, Chile Argentina and so on for Rare earth metals and so on is good.

 

In my opinion, Jaishankar Jis contribution is huge, Infact way more than any other BJP minister for securing India's energy, technology, strategic raw material, and geo strategic importance/realignment. He is probably next to Modi in terms of what he is delivering while very few even know his name. Great Great Son of India.

 

 

So, I havent lost any hope but infact now believe future is better for India.

 

[mishra]

On 4/17/2022 at 4:27 PM, Clarke said:

Generally speaking, like Japanese or German reputation, Dutch efficiency is also a thing. They're bound to have some outstanding industry.

 

Paul Pogbas earnings for 125 appearnces for Manchester United where he scored 29 goals costed more than our moon missions.

[G_B_]

There are two things (above all) which are needed for any power in todays world. Something which the Russia Ukraine conflict has reignited debate on.

 

(a) Food security. India is well on its way in this regard. There is a gap in vegetable oil, pulses and particular types of fertilisers (potash in particular). But on the whole India is on the way to be self sufficient by 2030. Per capita availability (more than 600grams) of milk and doubling pulse and egg production will provide enough calories and protein. This combined with fortification of wheat with protein will be the cherry on the top. fishing and animal husbandry is growing at a good pace.

 

(b) Energy Security. India currently also produces 46% of its primary energy (electricity+ heating +fuel for transport). While there are some steps taken to be more self sufficient (electrification of railways) and the increase use of renewables, India still continues to be reliant on imported coal. We also are not producing enough oil. its stuck below 1 million bbd. Oil and gas exploration has been a failure in the last decade and its something which the Modi government needs to focus on. In the next decade I want to see

 

(1) Flex fuel vehicles as mandatory with 30% Blending of either Ethanol of Methanol (locally produced). This means India's agricultural output needs to increase to beyond a point to be secure. Can be achieved. 

 

(2) India need to boost local oil production to at least 2 million bbd a day. Looks unlikely to be honest.

 

(3) Atleast 40% of all electricity generated comes from renewable sources. This is achievable IMO. I think currently around 20% of electricity generated is from renewable sources. Costs of solar in particular have plummeted.

 

(4) Elimination of coal imports. This depends on point (3) and our local production. Is 50-50 to be achieved by 2030.

 

 

 

The world has entered a new era of instability. Ukraine Russia is not the only major conflict. There will be others and other pandemics as well. Prepare for the worst and be self reliant. The era of global seamless trade is over. There have been enough signs from Brexit to covid to this current conflict for there to be regular shocks. All it will take is an iran ksa conflict for oil to breach $300 a barrel.

 

 

[G_B_]

and while people are comparing China to India, China is much more sufficient in primary energy and food (ignoring the deficiency in milk)

 

They have just produced a white paper which will boost their oil production to 6 million bbd and double their gas production. They are also on course for their renewables to generate more than 50% of their electricity. 

 

Its clear that every power is scrambling for security. the UK has announced a $130 billion plan to generate all electricity and heating via offshore wind farms. In germany there are similar announcements.