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President Pranab Mukherjee presented Niryat Shree and Niryat Bandhu Awards

Dec 2, 2014 11:06 IST

The President of India Pranab Mukherjee on 1 December 2014 presented the Niryat Shree and Niryat Bandhu Awards for outstanding performance in exports for the year 2010-11 and 2011-12 in New Delhi .

Forty-four companies received Niryat Shree Awards while six were honoured with Niryat Bandhu for their outstanding performance in the field of exports.

The Niryat Shree and Niryat Bandhu Awards were instituted by the Federation of Indian Export Organizations.

Contribution of Exports Sector to India's GDP
India has done reasonably well in all parameters of socio-economic activity over the last decade. It is today the third largest economy in the world in terms of purchasing power parity with economy growing at an average rate of 7.6 percent per year from 2004-05 to 2013-14.

The international trade to GDP ratio, which was less than 15 percent in 1991-92 is now close to 42 percent. From 17.9 billion US dollars in 1991-92, the value of exports has increased to 312.6 billion US dollars in 2013-14.

The compound average growth rate of our exports during 1991-92 to 2001-02 was 9.4 percent. This has increased to 17.8 percent during the period 2001-02 to 2013-14.

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