India supplied _________ to European countries
Answers
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.
Answer:
India's exports to the EU additionally grew gradually from €22.6 billion in 2006 to €45.eighty two billion in 2018, with the biggest sectors being engineering items, pharmaceuticals, gem stones and jewellery, different synthetic items and chemicals. Trade in offerings has additionally tripled among 2005 and 2016, reaching €28.nine billion.
TRADE AND EARLY EUROPEANS IN INDIA
Indians did not do a great deal exploring or maybe a great deal touring out of doors of India. In historical instances Hindus had been forbidden from "crossing the waters" (touring abroad) out of worry they might lose their caste rank and need to start once more on the bottom. They had been pretty beneficiant to overseas visitors. In the Middle Ages, it became standard for Indians to offer a lady partner for prominent travelers.
By contrast, historical people, Europeans and Arabs had been pretty interested by India and there's an extended records of them journeying India. The English tourist Swithelm, or Sigelinus, became an ambassador despatched via way of means of King Alfred to go to the tomb of St. Thomas in A.D. 884. He reportedly back safely. Columbus became seeking to attain India and his mistake has the left the sector harassed approximately whether or not a person is speaking approximately Native American Indians or Indians from India.
See Separate Articles: 1) AGE OF EXPLORATION, 2) PORTUGAL AND THE AGE OF DISCOVERY, 3) PORTUGUESE TRADE EMPIRE IN ASIA
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