ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Macroeconomic Indicators

The sluggish performance of Europe adversely affected India's trade with the region in recent years. The share of India's exports to Europe consistently declined from 22.9% in 2007-08 to 19.0% in 2011-12 and that of imports from 20.5% to 18.7% during the same period. The share of exports to the United States of America, however, after contracting from 17.0% in 2007-08 to 14.7% in 2010-11, improved to 16.4% in 2011-12. The share of exports to Asia and ASEAN, after improving from 51.7% in 2007-08 to 54.0% in 2009-10, moderated to 51.6% in 2011-12.

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