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Import Summary Report – India

India’s GDP has grown at 7.5% annually from 2009 to 2013. This high growth has led to a steady rise in domestic Consumption, leading to growth in India’s imports by 15% over The past 5 years. While India primarily imports crude oil, which constitute 40% Of total imports, it also imports non-oil products primarily in consumer products, machine equipment, building materials, chemicals & petrochemicals, textiles, and packaging products categories in good quantity. Though KSA currently occupies a small portion of India’s non-oil import segment, the imports from Kingdom has seen a rapid growth of 25% in past few years.This report looks into the India’s non-oil import market visà-vis Kingdom’s share in the non-oil imports. It also outlines the import potentials in certain industries such as consumer products, building materials, machine equipment, textile,packaging and petrochemicals.Import of services by India are not part of this Import Summary Report.