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India - Latest News/Current Events, Economic Overview & Trade Relations

AEI | Quick Facts about India

Official Name Republic of India
Capital New Delhi
Location Southern Asia, bordering the Arabian Sea and the Bay of Bengal, between Burma and Pakistan
Area total: 3,287,590 sq km land: 2,973,190 sq km water: 314,400 sq km
Climate varies from tropical monsoon in south to temperate in north
Terrain upland plain (Deccan Plateau) in south, flat to rolling plain along the Ganges, deserts in west, Himalayas in north
India
India

Korean Companies To Benefit by Trade Deal with India

Import duties on 85 percent of Korean goods, including auto parts and electronics, will be cut or phased out over the next decade, Korea's Trade Ministry said today. Indian Commerce Minister Anand Sharma and his Korean counterpart Kim Jong Hoon will…

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India

Indian Shares Rise 1.6% with Signs of Economic Recovery

Indian shares rose 1.6 percent on Monday, July 20 as reports of positive corporate earnings "from across the world" convinced many that the global economy is actually recovering.

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India

Indian Gov Stimulus helped Revive Industrial Production in 2.7%

"Industrial activity in India will gain more traction as the favorable effect of lower bank lending rates and a continuing fiscal boost offsets a still-weak export sector," said Rajeev Malik, a regional economist at Macquarie Group Ltd. in Singapore.…

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India

India to Borrow $ 93 billion to Fund Buget

India's Finance Minister Pranab Mukherjee announced plans to borrow a record 4.51 trillion rupees ($93 billion) to fund budget spending on roads, power and aid for the poor. Stocks, bonds and the currency slumped. Unveiling the budget for the year to…

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India

Good News for India's Economy

As reported by the finance ministry, Indian economic growth is predicted to spur as much as 7.75 percent in 2009. Two of the most important reasons are the improving U.S economy in second quarter reports and the recent successful harvests from the monsoon…

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India

Indian Stocks Increased 49% This Year

The rally this year has helped India post the fifth-best performance among the 89 markets tracked by Bloomberg News globally. Valuations have also climbed, with the Sensex now valued at 16 times reported earnings, double November's low of 8.1 times.…

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Trade Agreements

Global System of Trade Preferences among Developing Countries

AlgeriaAlgeria
ArgentinaArgentina
BeninBenin
BoliviaBolivia
BrazilBrazil
CameroonCameroon
ChileChile
ColombiaColombia
CubaCuba
EcuadorEcuador
EgyptEgypt
GhanaGhana
GuineaGuinea
GuyanaGuyana
IranIran
IraqIraq
LibyaLibya
MexicoMexico
MoroccoMorocco
MozambiqueMozambique
NicaraguaNicaragua
NigeriaNigeria
PeruPeru
SudanSudan
Tanzania, United Republic OfTanzania, United Republic Of
Trinidad And TobagoTrinidad And Tobago
TunisiaTunisia
VenezuelaVenezuela
ZimbabweZimbabwe

The Global System of Trade Preferences arose out of the United Nations Group of 77. The Group first appeared interested in 1976 to develop a global system of trade for developing countries. Over years of negotiations, the agreement was signed by the participating members of the Group of 77. The members are currently looking to expand their economic ties to other developing countries in Asia, Latin America and Africa. http://www.unctadxi.org/templates/Page____6207.aspx

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India - Nepal Treaty of Trade

The government of India will allow Nepal customs duty free access to the Indian market. The treaty has had a positive impact on Nepal in both trade and economic development. The treaty gets renewed every five years unless a party wishes to end the treaty. http://commerce.nic.in/nepal.doc

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India - Singapore Closer Economic Partnership

India's first Closer Economic Partnership Agreement was signed with Singapore in 2005 after thirteen rounds of negotiations. The agreement is also the first comprehensive bilateral agreement that Singapore has entered with a south Asia economy. A key feature of the Agreement is the avoidance of double taxation agreement. This prevents double taxation of an income earned by a resident of one member country in another member country. http://app.fta.gov.sg/data//fta/file/India-Singapore Comprehensive Economic Cooperation Agreement.pdf

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India - Sri Lanka Free Trade Agreement

Trade has grown immensely among the two countries since the signing of a trade agreement. India is the 4th largest investor in Sri Lanka and their economic, political and social relationship remains close. India grants nearly 1/6th of its total development credit to Sri Lanka. Currently both countries are looking to establish a Comprehensive Economic Partnership Agreement. http://commerce.nic.in/ilfta.htm

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India and Bhutan Trade Agreement

http://commerce.nic.in/trade/bhutan.pdf

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South Asian Free Trade Area

Introduced at the South Asian Association for Regional Cooperation summit, the South Asian Free Trade Area created a free trading zone that reaches 1.4 billion people.   The SAFTA contains zero customs duty on practically all products. http://www.saarc-sec.org/data/summit12/saftaagreement.pdf

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Trade Organizations

Asia Cooperation Dialogue (ACD)

The Asia Cooperation Dialogue (ACD) is an International Organization to promote Asian cooperation at a continental level, helping to integrate the previously separate regional organizations of political or economical cooperation such as ASEAN, SAARC

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Bay of Bengal Iniative for MultiSectoral Technical and Economic Cooperation (BIMSTEC)

The Bay of Bengal Initiative for MultiSectoral Technical and Economic Cooperation (BIMSTEC) is an international organisation involving a group of countries in South Asia and South East Asia. The member nations of this group are: Bangladesh, India, Myanmar, Sri Lanka, Thailand, Bhutan and Nepal.

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Centre on Intergrated Rural Development for Asia and the Pacific (CIRDAP)

The Centre for Integrated Rural Development for Asia and the Pacific (CIRDAP) is a regional intergovernmental and autonomus organization

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East Asia Summit (EAS)

The East Asia Summit (EAS) is a Pan-Asia forum of 16 countries in East Asia, with ASEAN in a leadership position.

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South Asian Association for Regional Cooperation (SAARC)

The South Asian Association for Regional Cooperation (SAARC) is an economic and political organization of eight countries in Southern Asia. It was established on December 8, 1985 by India, Pakistan, Bangladesh, Sri Lanka, Nepal, Maldives and Bhutan. In April 2007, at the Association's 14th summit, Afghanistan became its eighth member.

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