India Inbound: 65% decline from top 15

Out of the total decline of 1.74 lakh in the FTAs in 2009 as compared to 2008, top 15 countries accounts for 65% of the decline. The largest decline of 48% was observed for Bangladesh followed by UK 16%, and Japan 12%.

Nepal is the new entry to top 15 in place of Republic of Korea. While Russia and Malaysia have gained in the rank, Japan, China, Singapore and Italy have lost rank. Sri Lanka, Malaysia, Russia and Australia have even seen an increase in the FTAs of 12.7%, 10.7%, 3.8%, and 1.5% respectively in 2009 over 2008.

Rank in 2009	Country	FTAs in India in 2009	% Share in 2009
1	United States	803021	15.7
2	United Kingdom	748765	14.7
3	Bangladesh	458063	9.0
4	Sri Lanka	240836	4.7
5	Canada	221448	4.3
6	France	195307	3.8
7	Germany	193557	3.8
8	Australia	148846	2.9
9	Malaysia	134340	2.6
10	Japan	124219	2.4
11	Russian Fed.	97705	1.9
12	China	96997	1.9
13	Singapore	94754	1.9
14	Nepal	87487	1.7
15	Italy	77995	1.5
Total of top 15 Countries		3723340	72.9
Others		1385239	27.1
Grand Total		5108579	100.0