Indian Economy and Foreign Trade

EENI- School of International Business

Sub-subject: The Economy of India. The Indian International Trade. Industry. Automotive. Syllabus:

  1. The Economy of India.
    1. The Economic Area of the Hindu Civilisation
  2. The Indian international trade
  3. Foreign Direct Investment (FDI) in India
  4. The Indian Industrial Sector:
    1. Engineering
    2. Steel
    3. Automotive
    4. Biotechnology
  5. The Indian Services Sector:
    1. Software
    2. Bollywood
  6. The Indian Micro, small and medium enterprises
  7. The Indian middle-class
  8. Intellectual Property Rights in India
  9. International Relations of India

Businesspeople and Indian companies

  1. Hinduja
  2. Birla
  3. Infosys
  4. Relliance
  6. Cyrus S. Poonawalla
  7. Wadia
  8. Godrej
  9. TATA Group
  10. Sahu Jain
  11. Gautam Adani
  12. Bhavarlal Hiralal Jain
  13. Ajit Gulabchand
  14. Azim Premji
  15. Yusuf Khwaja Hamied
The sub-subject “The Indian economy” is studied...
  1. Masters (e-learning): International Business, Asia, and BRICS Countries
  2. Doctorate in Business in Asia
  3. Course: India

Recommendations for Indian students

मास्टर विदेश पार

Languages of study English or Spanish India French Inde Portuguese India

  1. Credits of the sub-subject “The Indian economy and foreign trade”: 1 ECTS Credits
  2. Duration: one week

Sample of the Sub-subject: The Economy of India
Maharashtra Business

Description of the Sub-Subject: The Economy of India

  1. The Economy of India (BRICS Country) is the fourth biggest economy in the World by Purchasing Power Parity
  2. India is one of the most attractive destinations for international business and foreign direct investment opportunities owing to extensive human resources base, diversified natural resources, and strong macroeconomic fundamentals
  3. The Economy of India has experimented substantial modifications since the introduction of economic reforms in 1991 based on liberalisation, privatisation, and Globalisation
  4. The actual scenario of the economy of India is characterised by positive growth and strong macroeconomic fundamentals, particularly with tangible progress towards fiscal consolidation and a strong balance of payments position
  5. The growth of Indian middle-class, with increasing purchasing power, along with strong macroeconomic fundamentals have attracted the largest auto producers to the Indian market
  6. 380 million Indians (72 million households) have an annual household revenue of 10,000 dollars (in PPP terms)
  7. Economic reforms since the early nineties have unleashed a new entrepreneurial spirit creating a vibrant economy supported by rising per capita revenue
  8. Currency: Indian Rupee (INR) = 100 Paise
  9. The inflation (CPI): 5%
  10. Active Population: 502.3 millions of people
  11. Top destinations for Indian exports: the European Union, the United States, the United Arab Emirates, and China
  12. The main Indian exports: software, petrochemical, agricultural products, leather, jewellery, engineering, pharmaceuticals, textiles, chemicals, transport, and raw materials
  13. The main imports: crude oil, gold and precious stones, electronics, engineering products, chemicals, plastics, coal, iron and steel, vegetable oil, and commodities
  14. The main suppliers: China, the European Union, Saudi Arabia, and the United Arab Emirates

Indeed, the rise of the young Indian urban consumer has been a characteristic of economic transformation of India. In their mid-twenties, members of this segment do not think twice before spending on expensive global brands. They are comfortable buying on credit, have purchased a house and a car, something their parents could never have dreamt of doing in their youth. The house is an investment for them and the car an indulgence.

Indian industrial sector majorly consisting of heavy and light engineering, steel, automotive, biotechnology, drugs and pharmaceuticals, food processing, mines and minerals, and fertilizers.

India has established a robust and diversified manufacturing base for production of a broad variety of basic and capital products to meet the requisites of various sectors including heavy electrical, power generation and transmission, process equipment, cars, ships, aircraft, mining, chemicals, and petroleum. The industrial sector recorded a healthy growth of 10.3%

Automotive, being one of the biggest industries, facilitates the improvement in various infrastructure facilities like power, rail and road transport. India is the second largest manufacturer of two wheelers in the World, the fifth-biggest manufacturer of commercial vehicles as well as the biggest manufacturer of tractors.

India is the fourth biggest passenger car market in Asia as well as a home to the biggest motorcycle manufacturer.

Over the years, the engineering industries, both light and heavy engineering, have registered an impressive growth rate and are having a strong base in the production of various capital and consumer durable products.

Biotechnology is among the fast growing knowledge-based industrial sectors, which have the immense potential to revolutionise agriculture, healthcare, industrial processing and environmental sustainability. Indian biotechnology segment has been making quick steps on the global platform. There are numerous therapeutic biotechnology drugs and vaccines, being produced and marketed in India and helping humanity enormously. The sector registered a revenue of 1.07 billion dollars and recorded a 36.55% growth.

Cyrus Poonawalla Parsee Businessman

Drugs and pharmaceutical are another important industry showing significant progress over the years. It is one of the biggest and most advanced sectors in the World, acting as a source for various drugs, medicines, and their intermediates as well as other pharmaceutical formulations. Being the intensive knowledge-driven industry; it offers innumerable business opportunities for the investors/ corporate the world over. India is one of the leading global players in pharmaceuticals.

Indian food processing industry is one of the biggest in the World regarding the production, consumption, export, and growth forecasts.

The Telecommunication network of India is the third largest in the World and the second biggest among the emerging economies in Asia.

India is also among the fastest growing telecom markets in the World. Indian telecom industry manufactures a complete range of telecom equipment using the state-of-the-art technologies intended specifically to match the different terrain and climatic conditions.

India is the sixth biggest energy consumer in the World accounting for 3.5% of the total annual energy consumption in the World. India is the eighth biggest crude steel producing nation in the World.

Indian cement industry is greatly energy intensive and is the third larger user of coal in India. It is modern and uses the latest technology, which is among the best in the World. India is the second biggest manufacturer of cement in the World.

Azim Premji Indian Businessman

Indian software and services (IT services) industry has been moving up the value chain, giving India a formidable brand equity in the global markets. Business Process Outsourcing sector has emerged as a key driver of growth for the Indian software and services industry.

“Bollywood” is the name for the typical Indian cinema industry. The name Bollywood Comes as a reference to Hollywood but with the initial “B” for Bombay (Mumbai), the place in India for cinema productions of the same importance.

The number of films produced in India is the biggest in the World.

India has a vibrant micro and small enterprise sector that plays a significant function in sustaining the economic growth, by contributing around 39% to the manufacturing production and 34% to the exports.

India is the second biggest employer of human resources after agriculture, providing employment to 30 millions of people in the rural and urban areas of India.

FDI in India - New Delhi - Bangalore - Andhra Pradesh - Gujarat - Haryana - India Agreements

U-EENI University