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HG trade 2.2.1 > 2.b EDC - India > Flashcards

2.b EDC - India Flashcards

1
Q

what are the main exports of India

A

refined petroleum , engineering goods , chemicals, agriculture

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2
Q

main export trade partners

A

EU CHINA USA

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3
Q

imports

A

crude oil 34%

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4
Q

main import martners

A

CHINA UAE EU

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5
Q

changes in trade pattern overtime
( pre 1990s)

A

Adopted a policy of import subsitution - high tarrifs on imported goods and restrictions on FDI to protect domestic market

However reduced competition making Indian products ‘low quality’

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6
Q

change in trade pattern
NOW

A
  • growth of service sector - bangalore, outsourcing IT
  • creation of open market
  • trade liberalisation - reduced controld on FDI and investment
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7
Q

one of the fastest growing economy STAT

A

GDP growth 7% from 2000 - 2014

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8
Q

Sector % in 2014

A

Agriculture - 18%
Industry - 26%
Services - 56%

shift to services with reduce in agriculture

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9
Q

who do they have a bilateral agreement with

A

China

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10
Q

What does the bilateral agreement bring?

A

contributef to GDP growth / investment and employment opportunities

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11
Q

In what year was china Indias biggest trade partner

A

2014

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12
Q

India - China merchandise trade

A

$18.8 billion

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13
Q

China –> India exports

A

$47.8 billion

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14
Q

India’s outward FDI to china

A

$27 million

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15
Q

how many chinese companies in india?

A

100

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16
Q

How many Indian firms in China

A

165

17
Q

Political suport China and UK

A
  • commom political goals to improve living standards
  • lingering boarder disputes - trade relations eased political conflicts
  • Strong historical relationship from ex colony
18
Q

env CHina and India

A
  • in past both in conflict over water supply, deforestation and land degredation
  • Recent joint monitoring of issues - trans- border rivers important for both countries
  • both signed climate treaties
  • china provides India with seasonal hydrological data
19
Q

Impacts of trade on India economic development

A
  • HDI increased 0.5 - 9.6 in 13 yrs
  • share of merchandise doubled in 13 yrs
  • Local multiplier effect ( chennnai growth of automobile industry for example)
  • Ancillary industries have been attracted to support growth in trade
20
Q

India political impacts

A

increased political stability

21
Q

What has Indias growth been driven by?

A
  • creation of open market
  • trade liberalisation
  • Growth in FDI inward and outward
  • investment in education
  • investment in tech
  • development of global trade agreements
22
Q

Social equality in India

A
  • Large rural / urban inequality
  • Gini coefficient reduced 36.8 - 33.6 = reduced inequality

HG trade 2.2.1 (8 decks)

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