Barter is the present and the future of international trade, especially for people who is starting in the import export business. Barter and more: Triangular operations.
Exports and imports suppose 43 percent of GDP, and in order to reduce the current account deficit (2.5% of GDP) and boost the exports by the Budget there are two relevant measures: The non-tax benefit available to SMEs for three years, even if they reach a higher category, what will boost exports of these companies, and the other measure, the planning of new ports (Sagar, Tuticorin) to boost international trade.
However, fuelled by the accustomed need of oil, coal and gold (big three); imports are projected to go up to 185 million tonnes in 2016-17 (100 million tonne in 2011-12).
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