India's manufacturing activity contracted 0.7 per cent in 2013-14. Imports of the country is increasing year by year and averaged 5921.34 USD Million from 1957 until 2014, reached an all-time high of 45281.90 USD Million in May of 2011 and a record low of 117.40 USD Million in August of 1958. The country is heavily dependent on coal and foreign oil imports for its energy needs, machinery, gems, fertilizers and chemicals.
Exports in India is also increasing and averaged 4042.16 USD Million from 1957 until 2014, reaching an all-time high of 30541.44 USD Million in March of 2013 and a record low of 59.01 USD Million in June of 1958. India’s main exports are engineering goods, gems and Jewelry, chemicals, agricultural products textiles and services. India is also one of Asia’s largest refined product exporters with petroleum.