With its rapidly booming economy and huge population of over 1 billion people, it’s no wonder that India is the new darling of wholesale importing. Like China, India’s economy is in a growth period, so costs of manufacturing are very low compared to elsewhere in the world. As a seller, this presents you with an opportunity to buy very cheap products directly from Indian manufacturers and sell them to make a very nice profit in your own country.
India imported US$480 billion worth of goods from around the globe in 2020, up by 22.8% since 2015 but down by -5.7% from 2019 to 2020. The average exchange rate for 2020, the Indian rupee depreciated by -9.8% against the US dollar since 2015 and declined by -3% from 202 to 2010. The weaker Indian rupee makes India’s imports paid for in stronger US dollars in 2020 relatively more expensive when converted starting from Indian rupees.
What to import from india?
India manufactures just about everything – but the top exports that interest us sellers are leather products (shoes and clothing), electronic goods, plastic consumables, ready-made garments, gemstones, jewelry, handicrafts and fabrics.
Indian-style costume and gem jewelry is an emerging sector of the Indian economy and a leading foreign exchange earner. Fine jewelry is a relatively new market for India, but they have done a great job of catching up on using the latest technology to form modern cuts and styles.
Indian ready-made garments have taken big strides in the past few decades, with the sector accounting for around 30% of their total exports, and employing a whopping 35 million people! Suppliers will stock all the usual stuff like jeans, shirts, suits and T shirts, and also some unique items like Indian saris and sequined garments. The best part is you can get some of these items for as little as a couple of bucks.
Unfortunately, India has a bit of a reputation for shady business practices an if you are worried about to search importers then we will suggest you to visit Volgopoint
Fabrics and tapestries from India are hugely popular in the west. A recent emergence in ethnic trends for home décor means that now is a great time to look into importing some unique Indian textiles. Bed and floor coverings are the most popular exports, with curtains following not too far behind. It’s essential to get samples from any potential suppliers before ordering textiles from India as quality will vary greatly.
When importing from India to your country, all the usual rules will apply. Local regulations will vary but generally you will need to fill in all the correct documentation, arrange shipping, clear Customs and pay the relevant duties. In the US, documentation usually consists of a commercial invoice detailing the product amounts, an arrival notice, an ocean or airway bill, a packing list and Customs forms 3461 and 7501.
B2Bclassified will help you in that matter here you can find complete list of General Trading companies and list of importers from India. you can easily contact them through there platform.