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ITALY
India Italy Economic and Commercial
Relations
Executive
Summary:
- India
is Italy’s fourth largest trading
partner in the EU
- Balance
of trade has been in India’s favour
since 1988.
- During
2002, India’s exports and imports
stood at Euro 1586.7 million and
Euro 1033.8, registering a fall
of 4.86% and 0.06% respectively
as compared to 2001. However, the
balance of trade remains in India’s
favour [(+) Euro 552.9 million].
{In this context, it is noteworthy
that Italian global imports have
fallen by 1.27%}. The thrust areas
of India’s exports to Italy remain
the same viz. textiles, including
cotton and synthetic yarns and fabrics,
knitwear items, readymade garments,
leather and leather goods, granite
and similar stones, organic and
inorganic chemicals, bulk drugs,
gems and jewellery, marine products,
agricultural and horticultural products,
auto components etc.
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