What are Imports?

Learn about Imports with Abhay Deol

Case breakdown: Movie Happy Bhaag Jayegii

The scene that you just saw shows Usman Afridi (played by Piyush Mishra), who is having a conversation with Bilal Ahmed (played by Abhay Deol) regarding traveling to India. Usman is reluctant to travel to India and he mentions ‘he can’t even think of eating India’s salt’. To this Bilal replies that he has been eating India’s salt for many decades as Pakistan imports salt from India.

In this blog, Learning Perspectives will explore the meaning of imports.

What are Imports?

An Import implies bringing in goods or services from a foreign country to your own country. Imports and exports are the two main elements of the balance of trade. Countries import those products and services that cannot be effectively produced by them.

India’s main imports are:

  • Mineral fuels,
  • Oils and waxes and
  • Bituminous substances (27 percent of total imports);
  • Pearls, precious and semi-precious stones, and jewelry (14 percent);
  • Electrical machinery and equipment (10 percent);
  • Nuclear reactors, boilers,
  • Machinery and mechanical appliances (8 percent); and
  • Organic chemicals (4 percent).

India’s major import partners are China (16 percent of total imports), the United States (6 percent), the United Arab Emirates (6 percent), Saudi Arabia (5 percent), and Switzerland (5 percent).

Following is the information on India’s export of salt:

During 2020-2021, India exported salt of approx Rs. 21 billion and till Sept while common salt is not exported to Pakistan. Rocksalt is exported to Pakistan. Below are the details of the same.

The table above shows that the import of salt is declining. During 2017-2018, rock salt was imported for Rs. 3,15,030.13 while this has come down significantly and during 2021-2022 it is only Rs. 786.64.

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