TRADE FAIR -AN OVERVIEW

1. The economy of India is the fourth largest in the world, with a GDP of $3.63 trillion at
PPP, and is the tenth largest in the world with a $691.9 billion at 2004 USD exchange rates
and has a real GDP growth rate of 6.2% at PPP.

2. Growth in the Indian economy has steadily increased since 1979, averaging 5.7% per
year in the 23-year growth record.

3. Indian economy has posted an excellent average GDP growth of 6.8% since 1994 India,
the fastest growing free-market democracy in the world, registered a growth rate of 8.2
percent in FY 2004.

4. India has emerged the global leader in software and business process outsourcing
services, raking in revenues of US$12.5 billion in the year that ended March 2004.

5. Agriculture has fall to a drop because of a bad monsoon in 2005. There is a paramount
need to bring more area under irrigation.

6. Export revenues from the sector are expected to grow from $8 billion in 2003 to $46
billion in 2007.

7. India’s foreign exchange reserves are over US$ 102 billion and exceed the forex
reserves of USA, France, Russia and Germany. This has strengthened the Rupee and
boosted investor confidence greatly.

8. A strong BOP position in recent years has resulted in a steady accumulation of foreign
exchange reserves. The level of foreign exchange reserves crossed the US $100 billion
mark on Dec 19, 2003 and was $142.13 billion on March 18, 2005.

9. Reserve money growth had doubled to 18.3% in 2003-04 from 9.2 in 2002-03, driven
entirely by the increase in the net foreign exchange assets of the RBI.

10. Reserve money growth declined to 6.4% in the current year to January 28, 2005.

11. During the current financial year 2004-05, broad money stock (M3) (up to December
10, 2004) increased by 7.4 per cent (exclusive of conversion of non-banking entity into
banking entity, 7.3 per cent) .

12. Economics experts and various studies conducted across the globe envisage India and
China to rule the world in the 21st century.

2. Issues and Priorities for India

As India prepares herself for becoming an economic superpower, it must expedite socio-
economic reforms and take steps for overcoming institutional and infrastructure
 bottlenecks in the system. Steps are to be taken for improving pace and development.
There are certain challenges that Indian Economy is facing today.

 One of the challenges in fiscal reform will be reconciling the need for fiscal
consolidation with appropriate tax reform. Indirect taxes not only affect efficiency of
resource allocation but also the investment climate.
 There is a paramount need to move Indian agriculture beyond its centuries’ old
dependency on the monsoon by bringing more area under irrigation and by better water
management. This has rightly been identified in the NCMP as one of the areas with the
highest investment priority.
 Simplifying procedures and relaxing entry barriers for business activities. The ease with
which firms are able to enter into and exit from business activities is an important
determinant of the investment climate.
 The incipient investment boom in infrastructure, industry (including housing), and
services will yield best results only if the enormous resource flows are successfully
intermediated at a low cost.
 Farmers and enterprises should have access to finance at competitive rates and for all
maturities for their credit-worthy projects.
 Infrastructural inadequacy constrains economic growth, particularly in the backward
States and in the agriculture sector.
 Initiatives taken in a number of sectors like telecoms, roads, ports and civil aviation
have started yielding results.
 There is a need for higher foreign investment, in the form of foreign direct investment
(FDI) and FII. Such investment triggers technology spillovers, assists human capital
formation, contributes to international trade integration and particularly exports, helps
create a more competitive business environment, enhances enterprise development,
increases total factor productivity and, more generally, improves the efficiency of
resource use.
 Control of population is also a major reform that has to take place.
 Spreading of education is equally important in elevating the standards of Indian
Economy.
 The eradication of poverty and unemployment is the abiding goal of India's
development policies and programmers.

Sectors of Indian Economy

There are three major sectors of Indian Economy

Agriculture
Agriculture and allied sectors like forestry, logging and fishing accounts for 25% of the GDP.
It employs almost 58% of the total work force. It is the largest economic sector and plays a
significant role in the overall socio-economic development of India. Due to steady
improvement in irrigation, technology, modern agricultural practices the yield per unit area of
all crops has increased tremendously.

Industry
Index of industrial production which measures the overall industrial growth rate was 10.1% in
 October 2004 as compared to 6.2% in October 2003. The largest sector here holds the textile
industry. Automobile sector has also demonstrated the inherent strength of Indian labor and
capital. The three main sub sectors of industry viz Mining & quarrying, manufacturing, and
electricity, gas & water supply recorded growths of 5%, 8.8% and 7.1% respectively.

Services
The service sector is the fastest growing sector. It has the largest share in the GDP accounting
for about 48% in 2000. Business services, communication services, financial services,
community services,hotels and restaurants and trade services are among the fastest growing
sectors.

INTRODUCTION OF TRADE FAIR INDUSTRY

Dates Name of Fairs Event Description

Publication, Bookmaster &
Distributors,
Manufacturers/Dealers of
.Aug 21-29 Pragati Maidan Delhi Book Fair 2004
Teaching Aids, Computer
Software/Hardware, Audio
visuals etc.
Stationery like pencils, copies,
Aus 21-29 Pragati Maidan Stationery Fair 2004 and commercial stationery
items.
Giftware, Artificial Plants,
flowers, crockery and cutlery,
Aug 21-29 Pragati Maidan Sajavat 2004
toys, home appliances, food
processing equipment etc.
Social & Community
Aug 21-29 Pragati Maidan Social Development Fair
Development.
Ayurveda, Siddha, Unani
Homoeopathy and
September 2004 Pragati Naturopathy systems of
Arogya 2004
Maidan medicines, acupuncture
alternative therapies, anti aids,
cancer, yoga meditation etc.
Sep/Octobet 2004 Pragati Advantage India Advantage audio-visual,
Maidan media, media studies, publicity
 campaign in all over India and
world.
Pharma/print/pack/leather/food
Savers minitech processing/textiles/lab/marble
October 5-9 2004
international expo Tashkent cutting/plastics blow-inj mould
machines.

All kindsof furniture for

October 2004 Pragati Maidan National Furniture Fair
homes and offices etc.

October 2004 Pragati Maidan Jewellery & Watch Bhow  Jewellery, watch & clocks
All kinds of cosmetics formen,
women, children including
perfumes, colognes,
October 2004 Pragati Maidan Kosmetika 2004 shampoos, talcum powder,
hair oil, hair dyes, lotions,
creams, other kinds of
equipment streamers etc.
Information technology,
capital goods, agriculture,
telecommunications, services
sector, consumer durable, food
& food products, textiles &
India International Trade clothing, giftware,
Nov 14-27 Pragati Maidan
Fair kitchenware, toys and building
material, medical & herbal
products, leather goods. All
kinds of engineering goods
electronic entertainment
products etc.
Jan 6-10, 2005 Pragati Maidan Saarc Trade Fair 2005 Country wise general products
Jan 18-23 2004, Pragati Printing& Packaging
Print Pack India 2005
Maidan Machinery.
 Hand, small & cutting tools
garden tools, building
Jan 25-28 2005 Pragati
India Build Hardware show materials, paints & varnishing
Maidan
& industrial fasteners, Granite
& stones.
Agriculture and related
March 2005 Pragati Maidan 5th Krishi Expo
products
Processed foods, processing,
March 4-8 2005 Pragati Aahar-2005 The
packaging and refrigeration
Maidan International Food Fair
machinery.
Publication, Bookmaster &
Distributors,
Manufacturers/Dealers of
Aug 2005 Pragati Maidan Delhi Book Fair 2005
Teaching Aids, Computer
Software/Hardware, Audio
visuals etc.
Giftware, Artificial Plants,
flowers, crockery and cutlery,
Aug 2005 Pragati Maidan Sajavat 2005
toys, home appliances, food
processing equipment etc.
Social & Community
Aug 2005 Pragati Midan Social Development Fair
DEvelopment
Ayurveda, Siddha, Unani
Homoeopathy and
September 2005 Pragati Naturopathy systems of
Arogya 2005
Maidan medicines, acupuncture
alternative therapies, anti aids,
cancer, yoga meditation etc.
Advantage audio-visual,
September/October 2005 media, media studies, publicity
Advantage India
Pragati Maidan campaign in all over India and
world.
October 2005 Pragati Maidan National Furniture Fair All kinds of furniture for
 2005 homes & Offices ets.
October 2005 Pragati Maidan Jewellery & Watch Show Jewellery, Watch & Clocks
Information technology,
capital goods, agriculture,
telecommunications, services
sector, consumer durable, food
Nov 14-27 2005 Pragati India International Trade & food products, textiles &
Maidan Fair 2005 clothing, giftware,
kitchenware, toys and building
material, medical & herbal
products, leather goods. All
kinds of engineering goods.
International, Security
Safety & Fire Exhibition.
Access control systems,
devices for perimeter
December 2005 Pragati
protection \, bomb detection  
Maidan
and disposal gear, radio
communication systems\,
fire alarms, and fighting and
rescue apparatus etc.