Question

why did the European countries want to do trade with India??
n o c o p y a n d p a s t e p l i z i t's i m p o r t a n t t o m e​

Answer 1

Answer:

since ancient times india was known for its wealth

and also they can buy items at less price and less them at very high prices in Europe so they wanted to trade with india.

Answer 2

Answer: 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.

Explanation:

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