Best Online Trade Portals in India- A Glimpse

With the advent of internet technology, business has escalated to newer heights. The introduction of online trade portal has changed the face of business. The b2b web portals or the business to business directories enable better transactions between buyers, sellers, exporters and importers. There are many online business portals in India which have facilitated better business opportunities for exporters and importers of the country.

The Trade Portal in India

The trade portal enables users to promote their products and services by posting details about their products. Both the small and the large companies benefit from the business to business web portals as it is most effective and inexpensive method of advertising products. Through such web portals, it is easier to gain exposure in the global market. There are several business portals in India which occupy top position among the global web directories.

Some of the most important business directories of India include:

• IndiaMart: IndiaMart has been redefining the b2b industry not just in India but all across the world. It occupies a prominent place among the top ten best b2b directories in the world. The unique trade leads generated by this business portal has helped to take business to a new level.
  
• Made From India: Known to be the best online trade portal in India, this business directory has quite a large number of importers, manufacturer, exporters and buyers listed in their portal. Millions of buyers and sellers from around the globe find genuine trade leads through this business portal.
• Trade India: Another relevant business to business directory which serves as an excellent platform to more than a million buyers and sellers all over the world.
• Eindiabusiness: Yet another trade portal in India which occupies a prominent position in the b2b industry is Eindiabusiness web portal. Indian exporters and importers find genuine leads through this business portal.
• Exporters India: A trade portal which helps to expand business in many verticals. This web portal supports business transactions between a number of exporters and importers from all over the world.

The B2B Trade Portal

Through the online business portals, exporters and importers of the country has obtained the advantage of sharing a common platform where business transaction takes place without an intermediary. There are many advantages of using these business directories. The Small and Medium industries of the country has benefited immensely with the use of these web portals.

The business to business portals in India facilitates the growth of overall business ventures of the country. It has aided in the promotion of business for the SME sector in India. This is one of the most sophisticated marketing techniques whereby companies acquire exposure in the global platforms. Such trading processes have helped to generate more revenue by increasing business opportunities.

The b2b portals in India serve as an efficient marketing tool essential for the progress of the country. Such online business portals have eliminated many complex issues involved in a usual business transaction and thereby pave way for successful and profitable business transactions.

Major B2B Industries Which Influence the Indian Exports Business

There has been an incomparable growth in the export and import industry in India. Many reasons have contributed to the boom in the export industry. The increased use of internet facilities is definitely one among them. Due to the prominence of the b2b market facilities, the Indian products have succeeded in attaining a wide exposure in the global market.

B2B Industries Which Influence the Export business

The b2b directories pose as a boon to the small and medium enterprises as it confer these sectors a golden opportunity to display their products in the international market. The Indian export industry and indian exporters has flourished mainly due to the contribution of the small and medium enterprises. There are a number of industries listed in the b2b directories which have substantial influence on the Indian export sector.

Some of the most important b2b industries are listed below:

• The Indian Textile Industry: The textile industry is one of the oldest industries of the Indian economy. The industry contributes around 30 percent of the total exports of the country. It is also the second largest producer of employment opportunities to the vast population of the country.
• The Chemical Industry: This is yet another most important b2b industry which has a pertinent influence on the export sector of the economy. Contributing to around 7 percent of the Indian GDP, the chemical industry has varied products listed in its genre. Most of these products like chemical, drugs, pharmaceuticals, cosmetics, pesticides and so forth are exported to different countries all over the world.
• The Agricultural Industry: The agricultural sector in India is one among the world’s largest sectors. This sector is alluring in the global market because of its diverse products. The Indian agricultural products include diary products, animal feed, cereals, meat and poultry products and so forth.
• The Plastic Industry: This is another important industry in India which contributes to the export sector of the economy.
• The Indian Leather Industry: Providing employment to around 2.5 million people, the Indian leather industry is among the top 8 export industries of the country.

These industries which are listed in the business to business directories have craved a niche for themselves in the global market through their export business.

An Overview of Indian Import and Export Statistics

India is a country with massive workforce and constantly improving manufacturing methods and tools. This gives the country an edge over many developing countries to become a well-known exporting country. The exports from India to different countries have certainly grown in the past few years (excluding the period of recession).

At the same time, the people living in India are earning more and changing the way they live their life. This has lead to an increase in the items imported by the country. So, what about the trade deficit and what are the major Indian items of import and export? Have an overview of Indian trade statistics form the discussion below.

Exports from India
The period of recession enforced the exports from India to slow down by 18% in the year 2009. However, an increase of 35 percent has been recorded for the Indian exports in the first five months of the year 2010. The UAE came up as the topmost consumer of the Indian goods by importing 12.3 percent of total exports from India in 2009. The USA followed closely by importing 11.7 percent and China ranked at third position with the import percentage of 5.4 from India.

Cotton apparels, diamonds, pharmaceutical preparations, jewelry, industrial chemicals, rugs and industrial machinery are counted among major exported items from India. Dairy products, eggs, computers, petroleum products, precious metals and nuclear fuels are the fast growing items of exports from India.

Imports to India
The products of worth $253.9 billion were imported to India in 2009, showing a drop from the figure recorded in 2008. India imported 10.8 percent of its total imports from China, 6.9 percent from Saudi Arabia, 6.7 percent from the United States and 6.7 percent from the UAE.

Civilian aircrafts and their parts from the USA are the main items of import to India. Chemical fertilizers, telecommunication equipment, industrial engines, plastic materials and steelmaking materials too contribute significantly towards the imported items. Oilseeds, passenger car bodies, commercial vessels, fruits and frozen juices and audio and visual tapes are the fats growing import items.

The trade deficit of $121.4 billion was recorded by India in 2008. There was an improvement in 2009, as the country’s trade deficit stood up at $88.9 billion, showing an improvement of 26.8 percent. All these statistics give hints of improving export import scenario in India.

The above statistics of imports and exports in India are worth giving for businesses operating in B2B sector and several SME's who are the direct beneficiary of such statistics. Keeping all this in consideration, government also taking some positive steps to promote businesses to start import and export aggressively with enhanced foreign trade policies to give an helping hand for country's overall economical growth.

Some online B2B Portals are really doing well to promote businesses in India and focusing on SME sector on priority because of a huge potential growth prospects. Naming one of the largest B2B marketplace in India, www.indiaMART.com who are giving their best efforts and seversices for business promotion in B2B space.