India is continuously growing in the international business sector either it be export or import. Import business is that one business that will never stop. It might get slow due to different reasons. If you want to start your import business go with import export courses online. The import-export course guides you on which product you should start your business. Let me tell you starting an import business requires a lot of hard work, patience, and dedication. No one becomes an international businessman overnight. Import-export training in India is best to take guidance on starting a business. Import business is one of the lucrative businesses. India imports more than we export. There are many products that we need and one can start a business with. Make sure you have done enough marketing before importing your product.
Here are a few points you should know about before starting your import business-
- In 2020 India imported goods worth US $467.19 billion.
- The value of India’s merchandise import in December 2021 was USD 59.27 billion, an increase of 38.06% over USD 42.93 billion in December 2020.
- For April-December 2021, the value of India’s merchandise import was USD 443.71 billion.
- April-December 2021 marked a 48.85% increase in merchandise exports over April-December 2020 of USD 201.37 billion.
- In 2020-21, India’s imports totaled USD 394 billion, down from USD 474 billion in 2019-20.
Here are some Ideas that you can start your import business with
> Shoes > Jewellery & Pearl > Glassware > Organic Chemical > Electronics > Beverages > Perfumes > Soyabean oil > Plastic articles
Top countries from where India import goods-
China, US, UAE, Switzerland, Saudi Arabia, Qatar, Germany, Iraq, Indonesia, etc.
Conclusion-
I agree that there is competition in the market but there is still enough space for the new entrepreneurs to start and grow their business. You just have to find the right product for the right market. If you are not sure about what to import and have no idea of what to deal in, try the above listed ideas. Remember that quality always comes before quantity because no matter where or what you import, customers will only buy from you if they find quality products. There are many ways to learn import export business. You can also join live webinar from Digital Exim by our expert Kavit Ashwin Shah. Click the link below to join webinar. https://chat.whatsapp.com/Bqz4SWH55nSGtKj3GnJAC8 Don’t forget to checkout out our website!
