Hyderabad, January 30: Maharashtra tops in the state that contributes to the total international exports of the country. Maharashtra along with Gujarat, Karnataka, Tamil Nadu and Telangana contribute to 70% of total international exports of India.
Telangana, along with four other States, is contributing 70% of the total international exports of the country. The Economic Survey 2017-18 released by the Union Finance Ministry stated that the State is contributing 6.4% of the total exports of goods and services of the country and stands at the fifth place while the sibling AP occupied the 9th place in the list.
This is the first time that such a survey has been undertaken after the implementation of Goods and Services Tax (GST).
“This year’s GST returns provide direct data on inter-state trade and its many related dimensions. Even more exciting is that for the first time in India’s history it is possible to know the state-wise distribution of international exports of goods and services. Five states — Maharashtra, Gujarat, Karnataka, Tamil Nadu, Telangana — in that order, account for 70% of India’s exports,” the Survey stated.
“Since data is available for the first time, one can immediately answer the question of whether prosperity is related to export performance. The conventional wisdom is correct: a state’s GSDP per capita is highly correlated with its export share in GSDP (for the 20 major states),” the survey revealed.
Last year’s survey had estimated that country’s inter-state trade in goods was between 30 and 50% of GDP. However, the GST data suggested that country’s internal trade in goods and services (excludes non-GST goods and services) is actually even higher: about 60 pc of GDP. However, in inter-state trade, the State’ performance was poor when compared to sibling AP. Telangana’s inter-state exports were just 3 percent as against 3.6 percent. TS imports stood at 3.7 pc, whereas AP’ imports are 4.7%.