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Doing business in India, the second fastest-growing market in Asia
The Indian market, with a population of over one billion, provides profitable and diverse opportunities for American exporters with the right products, services, and responsibilities. India's needs for equipment and services in key areas such as energy, environment, health, advanced technology, infrastructure, transportation, and defense will exceed tens of billions of dollars in the medium term as the Indian economy expands further. ۔ According to the latest available data, India's GDP growth in FY 2014-15 was 7.3%. With the government hoping for continued independent policies, India has the potential to sustain sustainable high growth over the next few years, so US companies should take advantage of the opportunities to enter the emerging Indian market.
US-India trade
The US exports to India, in 2014: .2 37.2 billion
Imports from India, in 2014: .7 65.7 billion
Total bilateral trade in 2014 (goods and services): 3 103 billion
Total trade: Total bilateral trade was 3 103 billion in 2014, an increase of 6.5% over 2013
US exports to India increased to .2 37.2 billion in 2014, an increase of 4.3 percent over the previous year
Imports from India increased to .7 65.7 billion in 2014, an increase of 7.7% over the previous year. Country Business Guide
The India Country Commercial Guide (CCG) provides a great starting point for American businesses seeking to export and invest in India. The CCG is produced as a nationwide document of the US Embassy in India and is published annually. It provides information on India's economic trends and ideologies, political environment, trade rules, customs and standards, trade travel, and economic and trade statistics. These include the United States trade in goods and services in India, the leading Indian industrial sectors for US exports and investment, trade and projects supplying goods to US exporters, and India-US business contacts. Also provides information about
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Agribusiness
How to do business in India
India
is a small but growing market for imported food products. Food exporters face
high prices, effective restrictions on some products,
and strong competition from domestic manufacturers, but opportunities for
specific products are emerging. Younger and higher-income consumers are
increasingly turning to eating processed foods, eating out, and eating exotic
foods. In addition, India's small modern retail sector has expanded in recent
years. There is also a segment of professional importers who want to manage
brands rather than trade in food, and Indian importers usually attend major
international food fairs in search of new products. The USDA has ratified an
annual food fair in India. Exporters who want to enter the Indian market must
first determine whether the product has access to the market, and then exercise
restraint, start small-scale operations and comply with the requirements for
special labeling of products. Be prepared۔
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