________________
----BERUSIAM Some Mistakes Corrected
The imports of India are very large, indeed. Every year is imports of foreign merchandise increase. Last year $273,000,000 and $10,000,000 worth of goods and exports $350,000,000 and $5,95,000,000 of commodities. The major part of home imports are manufactured goods of all countries of the world, who pour forth their commodities and merchandise into India, Great Britain stands the first sending from $155,000,000 to $170,000000 worth of merchandise every year. Next comes Germany, whose exports have increased from $500,060,000 in 93 to $978,000,000.
This is only a preliminary idea about the imports into India of foreign merchandise. What we are especially interested in is a share of the United States in that trade.
Your chairman has told you that the trade with the United Slates is not very large. When I compare it with a large share taken by Great Britain, it seems very small indeed. I do not intend to go into the details of the various articles of manufacture of the United States that we receive in India, but still the manufacturer necessarily wants certain details that will give him that information that will be useful to him for future guidance.
In the first place then, so far as the raw products are concerned, it is very little. The possibilities of the future are great. Wheat and cotton are the important staple articles coming from America. We also produce the same articles, but the cotton market being finer than that produced in India, and on account of this very reason as we are not able to produce certain kinds of yarn in our mills the cotton mills in India, it will be to the advantage to the United States if they only made arrangement for shipping cotton to India.
The most important thing's that we receive from the United States are in the manufactured line. For instance, so far as the manufacture of articles in India is concerned, there is to some extent going on, and has been going on for a certain numbers of
273
Jain Education International
For Personal & Private Use Only
www.jainelibrary.org
