India, an EDC

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  • Created by: chebarnes
  • Created on: 16-05-18 21:09
Main exports
Refined petroleum, engineering goods, chemicals, pharmaceuticals, gems, jewellery, agricultural products and clothing.
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Main imports
Crude oil (34% of imports), gold and silver, machinery and electricals.
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Until what year did India stop adopting a trade policy of import substitution with high tariffs on imported goods plus restrictions of FDI to protect its domestic agriculture and manufacturing industry?
Early 1990's
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What happened to India's trade policy
became more liberal, forging stronger relationships with its trading partners
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Average GDP growth? (2000-2014)
7%
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Post 1990's, what happened to Indias global share of merchandise exports, and share of services exports
it doubled & share of service exports increased fivefold
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Who was India's biggest trade partner in 2014?
China
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Value of India's merchandise exports to China?
$18.8 Billion
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Value of China's merchandise exports to India?
$47.8 Billion
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How many Chinese companies in India?
100
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How many Indian companies in China?
165
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What are the two governments common goals?
Improving living standards and sharing information and best practice regarding domestic economic issues.
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Despite border conflicts with China, Bangladesh and Pakistan, who has led economic reform in the last two decades?
The Indian Government
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Example of a trans-border river which is important to the socio-economic development of both countries
Brahmaputra
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Have China and India signed climate change treaties?
Yes
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What happened in 2015 with the political leaders of the UK and India
Agreed to collaborate on issues including finance, defence, nuclear power and climate change.
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Which country has the largest Indian communities outside of Asia?
UK
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Human Development Index has increased from what in 2000 to what in 2013
0.483 - 0.586
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Share of merchandise exports between 2000 -2013?
More than doubled from 0.7% to 1.7%
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Examples of growth stimulated by international trade around the large ports in India include?
The automobile industry at Chennai.
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The success of India's trade and domestic policies is partly responsible for it's?
Political stability in the last decade.
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The Gini coefficient has come down from ? to ? in the last seven years
36.8 - 33.6
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Other cards in this set

Card 2

Front

Crude oil (34% of imports), gold and silver, machinery and electricals.

Back

Main imports

Card 3

Front

Early 1990's

Back

Preview of the back of card 3

Card 4

Front

became more liberal, forging stronger relationships with its trading partners

Back

Preview of the back of card 4

Card 5

Front

7%

Back

Preview of the back of card 5
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