Category — Sourcing

India a Top 10 Trade Partner for USA

India is currently U.S.’s 9th largest goods trading partner with $67.7 billion in total (two way) goods trade during 2016. Goods exports totaled $21.7 billion; goods imports totaled $46.0 billion. The U.S. goods trade deficit with India was $24.3 billion in 2016.

According to the U.S. Census Bureau, the country’s top imports include jewelry, silverware, sporting and athletic goods, toys, basic chemicals, pharmaceuticals, medicines, apparel, accessories, textiles, and coal and petroleum products.

U.S. top exports include precious stones, pearls, metals, basic chemicals, medical and surgical equipment, metal manufacturing, computers, electronic products, and machinery other than electrical.

The tables below compare the figures for the first five months of U.S. – India trade for 2016 and 2017. The table also lists the trade figures for the first five months of 2009 which show that the trade deficit in that year was less that in recent years.  All figures below are in millions of U.S. dollars on a nominal basis and not seasonally adjusted.

Month, Year Exports Imports Month, Year Exports Imports
Jan ’17    1,703.0     3,791.9 Jan ’09

 

1,139.8 1,833.5
Jan ’16    1,485.7     3,693.3
Feb ’17    1,937.8      3,474.3 Feb ’09    1,046.8  1,579.0
Feb ’16    1,526.3      3,660.9
Mar ’17     2,114.5        4,143.9 Mar ’09    1,123.5  1,773.0
Mar ’16     1,834.5        3,997.0
Apr ’17     1,939.4        3,730.5 Apr ’09     1,268.8          1,799.2
Apr ’16     1,772.7        3,678.3
May ’17      2,056.9        4,531.1 May ’09     1,507.5  1,580.8
May ’16      1,585.9        4,124.9

Comparison of U.S. trade in goods with India for Jan to May in 2017 and 2016, and 2009.

 

August 4, 2017   No Comments

India Dominates Online Work Space

The Online Labor Index published by the ‘iLabor’ project of the Oxford Internet Institute, an affiliate of U.K.’s  University of Oxford, notes that India is the largest supplier of online labor. This report analyzed data for the first week of July, and reported that India is followed by Bangladesh, U.S., Pakistan, Philippines and the U.K. in what is being termed “digital gig work” or freelance work offered online.

The report analyses data from four online platforms – Fiverr, Freelancer, Guru, and PeoplePerHour. “Based on traffic statistics, we can estimate that these four sites represent at least 40% of the global market for platform-based online work,” says senior Oxford Internet Institute’s research fellow Vili Lehdonvirta.

Freelancing from home

Over half of the online work carried out in India is dominated by software development and the technology sector, followed by creative and multimedia services, and sales and marketing support, reports the Times of India.

 

July 22, 2017   No Comments

SAP Labs India Gains in Strategic Importance

SAP Labs India, SAP’s largest research and development center outside its headquarters in Germany, is steadily growing in strategic importance, says Stefan Ries, chief human resources officer of the company.

In an interview with the Economic Times, Ries said, ” The India center is gaining in strategic importance for us: the Fashion Management solution, which is used by Armani and Gucci, has been built entirely out of here. Our India footprint is steadily growing, adding 800-1,000 people to the overall headcount annually.

We recently inaugurated a new addition to our Whitefield, [Bangalore] campus — the Gerhard Oswald Innovation Space — built with an investment of €50 million [$57.52 million]. We will continue to make strong investments in our India center.”
SAP Logo

SAP India recently improved its learning and development process with its SAP Success Factor program where learning is a one-stop digital experience with 1.3 million opportunities available in the system. Employees can register their learning need and find solutions. The company will invest €160 million [$184 million] in learning this year, adds Ries.

July 20, 2017   No Comments

India’s Wipro Partners with Israel Aerospace Industries

Wipro Infrastructure Engineering (WIN), subsidiary of Wipro Enterprises (P) Ltd and Israel’s state-owned Israel Aerospace Industries (IAI) announced a strategic alliance for manufacturing composite aerostructure parts and assemblies.

Wipro Infrastructure Engineering will set up a manufacturing facility in India in partnership with IAI to meet the requirements of global aircraft original equipment manufacturers and tier-1 suppliers. The plant will make composite structures in India for global markets.

An airplane

Pratik Kumar, CEO, WIN and Executive Director, Wipro Enterprises, said, “This partnership will not only strengthen our presence in the growing aerospace sector but will also help us explore emerging business opportunities in key markets.”

In 2016, WIN acquired H.R Givon Ltd., an Israel-headquartered manufacturer of metallic parts and assemblies for the aerospace industry.

July 6, 2017   No Comments

GM Commences Export of Sedans from India

General Motors shipped a consignment of 1,200 Chevrolet Beat sedans to markets in Latin America from its plant located in Talegaon, near the city of Pune, in India. Production of these autos started a year ago. Earlier this year, GM had exported Chevrolet Beat hatchbacks to the same markets.

GM India vice-president, manufacturing, Asif Khatri said that the Talegaon facility is a key export manufacturing hub for the company reports the Times of India.

“GM India’s exports have more than tripled in the past year. GM was India’s third-largest passenger vehicle exporter in May, recording our highest monthly total of vehicle exports at 8,297 units,” Khatri added.

Chevrolet logo

June 27, 2017   No Comments