How were the Indian imports affected after the European companies took control trade in India? (Class 10th History)
Answers
Answer:
Answer:The fine qualities of cotton and silk produced in India had a big market in Europe. Indian spices like pepper, cloves, cardamom and cinnamon too were in great demand. Hence European trading companies were attracted to India.
Answer:The fine qualities of cotton and silk produced in India had a big market in Europe. Indian spices like pepper, cloves, cardamom and cinnamon too were in great demand. Hence European trading companies were attracted to India.Hope this helps you mate...
Answer:The fine qualities of cotton and silk produced in India had a big market in Europe. Indian spices like pepper, cloves, cardamom and cinnamon too were in great demand. Hence European trading companies were attracted to India.Hope this helps you mate...have a great day..
Answer:The fine qualities of cotton and silk produced in India had a big market in Europe. Indian spices like pepper, cloves, cardamom and cinnamon too were in great demand. Hence European trading companies were attracted to India.Hope this helps you mate...have a great day..always keep smiling..
Answer:The fine qualities of cotton and silk produced in India had a big market in Europe. Indian spices like pepper, cloves, cardamom and cinnamon too were in great demand. Hence European trading companies were attracted to India.Hope this helps you mate...have a great day..always keep smiling..take care!
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Answer:
India is amongst the world’s fastest-growing large economies and is an important player in global economic governance. India is an important trade and investment partner for the EU. It represents a sizable and dynamic market, with an annual GDP growth rate of around 6% (pre-Covid-19).
Trade picture
The EU is India's largest trading partner, accounting for €80 billion worth of trade in goods in 2019 or 11.1% of total Indian trade, on par with the USA and ahead of China (10.7%).
The EU is the second-largest destination for Indian exports (over 14% of the total) after the USA.
India is the EU’s 10th largest trading partner, accounting for 1.9% of EU total trade in goods in 2019, well behind the USA (15.2%), China (13.8%) and the UK (12.6%).
Trade in goods between the EU and India increased by 72% in the last decade.
Trade in services between the EU and India increased rapidly from €22.3 billion in 2015 to €29.6 billion in 2018.
The EU's share in foreign investment inflows to India more than doubled from 8% to 18% in the last decade, making the EU the first foreign investor in India.
EU foreign direct investment stocks in India amounted to €68 billion in 2018, which is significant but way below EU foreign investment stocks in China (€175 billion) or Brazil (€312 billion).
Some 6,000 European companies are present in India, providing directly 1.7 million jobs and indirectly 5 million jobs in a broad range of sectors.
Indian companies invested over €50 billion in Europe since 2000.
EU-India: Trade in goods
Table
EU imports
EU exports
Balance
2017
2018
2019
Years
0
-25
25
50
Billions
EU-India: Trade in services
Table
EU imports
EU exports
Balance
2016
2017
2018
Years
-10
0
10
20
Billions
EU-India: Foreign direct investment
Table
Inward stocks
Outward stocks
Balance
2018
0
20
40
60
80
Unless otherwise mentioned “EU” concerns for all indicated years the current European Union of 27 Member States.
Date of retrieval: 22/04/2020
More statistics on India
EU and India
EU-India trade negotiations
Negotiations for a comprehensive Free Trade Agreement (FTA) between the EU and India were launched in 2007 and suspended in 2013 due to a gap in the level of ambition between the EU and India. The EU remains committed to working towards an ambitious, comprehensive and balanced agreement FTA with India that responds to each side's key interests and is a win-win.
The EU continues engaging with India to ensure that such an agreement is economically meaningful, delivering real new market openings in all sectors to both sides, contains a solid rules-based component, and includes a comprehensive trade and sustainable development chapter, notably in order to deal with social and environmental impacts. Meanwhile, the EU is ready to consider launching negotiations on a stand-alone investment protection agreement, which would increase legal certainty for investors on both sides.
A key EU objective in its trade relations with India is to work towards a sound, transparent, open, non-discriminatory and predictable regulatory and business environment for European companies trading with or investing in India, including the protection of their investments and intellectual property. The aim is to contribute to unlocking the untapped potential of two-way trade between the EU and India.
Currently, India’s trade regime and regulatory environment remains relatively restrictive. Technical barriers to trade (TBT), sanitary and phyto-sanitary (SPS) measures, deviation from international standards and agreements, as well as discrimination based on legislative or administrative measures by India, affect a wide range of sectors, including goods, services, investment and public procurement.
The EU uses all available channels and fora to work with India to ensure fair market access and predictable investment conditions, as well as to promote the full respect by both sides of their multilateral obligations under the World Trade Organization (WTO). Key instruments in this respect are the EU-India Trade Sub-Commission established under the 1994 Cooperation and Partnership Agreement between the EU and India, as well as its specialised technical working groups.
For more information
More information on the EU-India strategic partnership, including in the area of trade and investment, can be found on the new EU Strategy for India adopted on 20 November 2018 and the related Council conclusions.
Trading with India
Importing into the EU from India
EU trade defence measures on imports from India
Exporting from the EU to India
Export rules on food and plant health
Trade defence measures in force in India
The EU is present on the ground in India
Trade relations are part of the EU's overall political and economic relations with India
India is a member of the World Trade Organisation