With an average annual GDP growth rate of 5.7% for the past two decades, the economy is among the fastest growing in the world. India has the world’s second largest labour force, with 516.3 million people, 60% of whom are employed in agriculture and related industries; 28% in services and related industries; and 12% in industry. Major agricultural crops include rice, wheat, oilseed, cotton, jute, tea, sugarcane, and potatoes. The agricultural sector accounts for 28% of GDP; the service and industrial sectors make up 54% and 18% respectively. Major industries include automobiles, cement, chemicals, consumer electronics, food processing, machinery, mining, petroleum, pharmaceuticals, steel, transportation equipment, and textiles. Along with India’s fast economic growth comes its growing demand for energy. According to the Energy Information Administration, India is the sixth largest consumer of oil and third largest consumer of coal.
The opportunities in the exim market favour Alda Trading Company.Now with our branch and angeny offices in Srilanka,Dubai,Maldives,Singapore and malayasia,we are importing steel,Metal scraps,automotive spares etc.,and exporting sugar,processed foods,building materials,rice,wheat etc.,