Hindu Economic Area

EENI- School of International Business

Subject: The Economic Area of the Hindu Civilisation. Syllabus:

The subject: “The Economic Area of the Hindu Civilisation” consists of seven parts:

  1. Introduction to the Indian religions and its relationship with the Hindu Civilisation
    1. Hinduism
    2. Islam in India
    3. Sikhism, Jainism, and Zoroastrianism
  2. The Economic Area of the Hindu Civilisation
    1. India as the Central State of the Hindu Civilisation
    2. The countries of the area of influence of the Hindu Civilisation: Mauritius, Nepal, and Bhutan
  3. Hindu Business People
  4. The Economic Integration of the Hindu Civilisation (institutions, trade agreements)
  5. Interactions of the Hindu Civilisation with the other civilisations
  6. Economic Organisations and Trade Agreements related to the Hindu Civilisation
  7. The Diaspora of the Hindu Civilisation

The objectives of the subject “The Economic Area of the Hindu Civilisation” are the following:

  1. To define the characteristics of the Economic Area of the Hindu Civilisation
  2. To analyse the influence of the Indian religions on the Hindu Economic Area
  3. To know the economic profile of the Hindus Countries
  4. To analyse the profile of Businessmen of the Hindu Civilisation
  5. To understand the processes of economic integration of the Hindu Civilisation
  6. To know the economic relationships of the Hindu Civilisation with the other civilisations (Western, Sinic, Buddhist, Islamic, Orthodox, and the African)
  7. To analyse the main economic organisations related to the Hindu Economic Area
The subject “The Economic Area of the Hindu Civilisation” is studied...
  1. Online Doctorates: Ethics, Religions, and Business, Asia
  2. Masters: Asia, BRICS Countries, Economic Relations, and International Business
  3. Course: India

Languages of study English or Spanish Civilización Hindú French Civilisation Hindou Portuguese Civilização Buddhist

  1. Credits of the subject “The Economic Area of the Hindu Civilisation”: 2 ECTS Credits
  2. Duration: two weeks
  3. Download the syllabus “Economic Area of the Hindu Civilisation” (PDF)

Subjects related to the “Economic Area of the Hindu Civilisation”

1- Introduction to the Indian religions and its relationship with the Economic Area of the Hindu Civilisation.

  1. Hinduism
  2. Zoroastrianism
  3. Jainism
  4. Sikhism
  5. Islam in India

2- The Hindu Economic Area and the economic profile of the countries of the Hindu Civilisation

  1. Introduction to the Hindu Economic Area
  2. India as the Central State of the Hindu Civilisation
    1. The Republic of India. The States of India
    2. The Indian Economy
    3. The Economic Profile of Andhra Pradesh, Gujarat, Haryana, Karnataka, Kerala, Maharashtra, New Delhi, and Tamil Nadu
    4. Foreign Direct Investment in India
  3. Countries of the area of influence of the Hindu Civilisation
    1. Mauritius: a strategic place for business between Africa and India. 54% of the Mauritian population is Hindu
    2. Nepal: 81% of the Nepalese population is Hindu (23 million of Nepalese)
      1. Jyoti Group
    3. Bhutan. 25% of the population of Bhutan is Hindu
    4. The Indonesian island of Bali has a Hindu majority (93%, 4.2 million of Indonesians). However, this analysis does not include Indonesia (including in the Islamic Civilisation)

3- Businesspeople of the Hindu Civilisation.

  1. Hinduism Business People: Senapathy Gopalakrishnan, Srichand Hinduja, Kumar Mangalam Birla, Kiran Mazumdar, Shri Mukesh D. Ambani
  2. Muslims Business People: Azim Premji, Yusuf Hamied
  3. Zoroastrian Business People: TATA, Doctor Cyrus S. Poonawalla, Adi Godrej, Nusli Wadia
  4. Jain Business People: Sahu Jain, Bhavarlal Jain, Ajit Gulabchand, Gautam Adani
  5. Sikhs Business People: Jogishwar Singh, Shivinder Singh, Ajaypal Singh Banga
  6. Kenyan Business People of Indian origin: Naushad N. Merali and Bhimji Depar Shah

4- Economic Integration of the Hindu Civilisation (Economic Organisations, Trade Agreements)

  1. India-Mauritius Comprehensive Economic Cooperation and Partnership Agreement
  2. India-Bhutan Trade Agreement (commerce and transit)
  3. India-Nepal Trade Agreement
  4. Bhutan, India, and Nepal are members of
    1. The South Asian Association for Regional Cooperation (SAARC) (with Afghanistan, Bangladesh, the Maldives, Pakistan, and Sri Lanka. Mauritius is an observer of the SAARC)
    2. The Bay of Bengal Initiative (BIMSTEC) (with Myanmar, Bangladesh, Sri Lanka, and Thailand)
    3. The Asian Clearing Union (ACU) (with Bangladesh, Iran, Myanmar, the Maldives, Pakistan, and Sri Lanka)
    4. The South Asia Subregional Economic Cooperation (SASEC) (with Bangladesh, the Maldives, and Sri Lanka)
  5. Mauritius and India are members of the Indian-Ocean Rim Association (IORA) (with eighteen countries)

5- Interactions of the Hindu Civilisation with the other civilisations.

  1. With the Buddhist Civilisation
    1. India has Free Trade Agreements with Sri Lanka, Thailand, Singapore, and South Korea
  2. With the Western Christian Civilisation
    1. With the European Economic Area:
      1. India has a free trade agreement with the European Union and the European Free Trade Association (EFTA)
      2. Bhutan and Nepal are beneficiaries of the Generalised System of Preferences (SPG) of the EU and eligible for the European Investment Bank
      3. Mauritius has a pre-Agreement with the European Free Trade Association (EFTA) and belongs to the Cotonou Agreement (European Union)
    2. With the American Economic Area:
      1. North American
        1. Mauritius and the United States: African Growth and Opportunity Act (AGOA), COMESA-US Trade and Investment Agreement, Trade Agreement Mauritius-United States
        2. India-Canada
      2. Latin American. The Hindu Civilisation has Free Trade Agreements (FTA) with Chile, the MERCOSUR, and the Andean Community
      3. The Caribbean. No Hindu country has Trade Agreements with the Caribbean Countries
    3. With the area of Oceania: India has a Free Trade Agreement with New Zealand and Australia
  3. With the African Civilisation
    1. The Preferential Trade Agreement between India and the Southern Africa Customs Union (SACU) (South Africa, Lesotho, Swaziland, Botswana, and Namibia)
    2. Mauritius is a member of:
      1. The COMESA (Common Market for Eastern and Southern Africa)
      2. The SADC (Southern African Development Community)
      3. The COMESA-EAC-SADC Tripartite Agreement
      4. The Indian Ocean Commission
    3. The Africa-BRICS Countries Cooperation
    4. All the countries of the Hindu Civilisation are members of the Africa-Asia Strategic Partnership
  4. With the Muslim Civilisation:
    1. India has Trade Agreements with Indonesia, the Gulf Cooperation Council (GCC), the Maldives, Bangladesh, Afghanistan, and Pakistan
    2. Nepal has an agreement with Bangladesh
    3. Bhutan has a Free Trade Agreement with Bangladesh
    4. Mauritius has a Free Trade Agreement (FTA) with Turkey and a Preferential Trade Area with Pakistan
  5. Agreements between the civilisations
    1. The Asia-Pacific Trade Agreement (APTA) (with Bangladesh, China, Korea, Laos, Sri Lanka, and Mongolia)
    2. The Agreement between the ASEAN and India

* This subject presented only major FTA related to the Hindu Civilisation.

6- Diaspora of the Hindu Civilisation.

  1. The Hindu Diaspora
  2. The Sikh Diaspora
  3. The Zoroastrian Diaspora
  4. The Jain Diaspora

7- Economic Organisations related to the Hindu Civilisation.

  1. Economic and Social Commission for Asia and the Pacific (ESCAP)
  2. Asian Development Bank (ADB)
  3. Asia-Europe Economic Meeting (ASEM)
  4. Asia-Middle East Dialogue (AMED)
  5. Colombo Plan
  6. Asia Cooperation Dialogue (ACD)
  7. Boao Forum for Asia
  8. African Union (UA)
  9. African Development Bank
  10. New Partnership for Africa's Development (NEPAD)
  11. Economic Commission for Africa (CEA)
  12. United Nations (NU)
  13. International Monetary Fund (IMF)
  14. World Trade Organisation (WTO)

TATA Group (Zoroastrian, India)

Summary of the subject - The Economic Area of the Hindu Civilisation.

India, a continent by itself, is logically the Central State of the Hindu Civilisation. India is also a BRICS Country and the largest democracy in the World (1,210 million people).

The Hindu Civilisation has a vital strategic location bordering several civilisations: the Islamic, Buddhist, Sinic, and the African Civilisation (thanks to Mauritius).

To define the Hindu Civilisation, we will consider two factors: religious and historical. The current Hindu Civilisation can be regarded as the subsidiary of the ancient Indian (Indo) civilisation (almost 3,000 years old).

Religions that defines the Hindu Civilisation

India is the cradle of four religions: Sikhism, Jainism, Hinduism, and Buddhism, sharing many values such as Ahimsa (Non-Violence), the respect for animals and the respect for other religions. All these faiths define the Hindu Civilisation.

Sri-Ramakrishna Hinduism

Harmony of the religions Ahimsa Non-Violence

It is also necessary to consider the importance of Islam and Christianity in India.

Hinduism.

Approximately 960 million of the Indians follow Hinduism (80% of the Indian Population), making it the third religion in the World by the number of believers (behind Christianity and Islam, and ahead of Buddhism and Sikhism). Hinduism is the main religion in the twenty-seven States of India.

Hinduism Ethics and Business

  1. Bhagavad-Gita
  2. Sri Ramakrishna

Islam in India.

About 13% of the Indian Population is Muslim (172 million of Indian Muslims) and is, therefore, the second religion in India by the number of followers. There are Muslim majorities in Lakshadweep, Jammu and Kashmir and is also vital in Uttar Pradesh, West Bengal, and Bihar. Almost all Indians are Barelvi (Sunni Hanafi school). The Indian Muslims control big business like Wipro or CIPLA laboratories.

When India gained the independence from the British Empire lost two important regions: Pakistan and Bangladesh, which joined the Islamic Civilisation.

Hinduism Islam

Christianity in India.

2% of the Indian Population is Christian (24 million people).

Sikhism

Sikhism Business

Sikhism represents 1.9% of the Indian Population, especially in the Punjab. The recognised moral rectitude of Sikhs promotes the access to relevant executive positions worldwide (Rothchild or Mastercard). Many Hindus recognise the Sikhism as the “armed wing” of Hinduism. Approximately, there are twenty-six million Sikhs worldwide.

Director of International Business and Ethics

Zoroastrianism

Zoroastrianism Business

Although originally from Persia (Iran), the Parsees have played a major role in the Hindu Civilisation. Zoroastrians are a vital business community in India, the TATA group or the Businessman Cyrus Poonawalla are Zoroastrian.

Ahimsa Marketing

Buddhism

Although Buddhism was born in India, today just 0.77% of the Indian Population practices Buddhism. However, it is necessary to note that for many Indian, Buddhism is part of Hinduism and recognises Buddha as a divine incarnation.

Jainism

Jainism Business

Jainism is just barely practised by 0.41% of the Indians (between 5 and 6 million of Jains in India). Despite being a slight community, influential business people are Jainist, such as Indu Jain who controls the newsgroup Times and Bennett, Coleman Co.

Indu Jain (Jainista)

The Diaspora of the Hindu Civilisation.

It is necessary to consider the Hindu Diaspora because they are important players in the business community in many countries.

Furthermore, the following countries, where the Hindus often have excellent business relations, must be taken into account:

  1. There are some countries where Hinduism is the second religion: Fiji (28% of the population, 3.9 million people), Guyana (23%), Suriname (20%), Trinidad and Tobago (18%), Sri Lanka (15%), Pakistan (1%, 3.6 million), and Bangladesh (9%, some 15 million Bangladeshis are Hindus)
  2. In Singapore, 6% of the population is Hindu
  3. The influence of the Hindu population in East Africa, especially in Kenya (1% of the population), Tanzania, and Uganda. However, these countries belong to the African Civilisation
  4. The following countries have small Hindu communities: Australia (2%), Saudi Arabia (1%), Burma (1.5%), the United States (0.5%), Canada (1.6%), Qatar (7%), the Seychelles (2%), Reunion (7%) Malaysia (6%), Bahrain (6%), Kuwait (12%), the United Kingdom (2%), South Africa (2%), the United Arab Emirates (11%), Belize (2%), Oman (4%), New Zealand (2%), and the Philippines (1%)

The Sikh Diaspora is important in Canada (1.4% of the population), the United Kingdom (0.8%) and the USA (0.08).

The Zoroastrian Diaspora is found mainly in Pakistan.

They are Jainist small communities in Belgium, Canada, Hong Kong, Japan, Singapore, and the United States.

Samples - Hindu Civilisation

Cyrus Poonawalla Parsee Businessman

Africa-India Forum Framework for Cooperation

Hinduism Ethics

Azim Premji Indian Businessman

India-Canada Free Trade Agreement

Mauritius Freeport

India-Mauritius Free Trade Agreement

South Asia Subregional Economic Cooperation (SASEC)

Doing Business in Mauritius

South Asian Association for Regional Cooperation (SAARC)

India-Singapore Free Trade Agreement

India-Australia Economic Cooperation Agreement

Srichand Hinduja (Hindu Businessman)

Location of the Hindu Civilisation.

Civilisations and Economic Integration



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