indo-german trade relation

8/9/2019 indo-german trade relation

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Chapter 1

Geography Of India

National name:Bharat

Principal languages: Hindi 41%, Bengali 8.1%, Telugu 7.2%, Marathi

7%, Tamil 5.9%, Urdu 5%, Gujarati 4.5%, Kannada .7%, Mala!alam

.2%, "ri!a .2%, #unja$i 2.8%, &&ame&e 1.%, Maithili 1.2%, 'ther

5.9% n'te( )ngli&h enj'!& the &tatu& '* &u$&idiar! '**i+ial language $ut i&

the m'&t im'rtant language *'r nati'nal, 'liti+al, and +'mmer+ial

+'mmuni+ati'n- Hindi i& the m'&t idel! &'/en language and rimar!

t'ngue '* 41% '* the e'le- there are 14 'ther '**i+ial language&(Bengali, Telugu, Marathi, Tamil, Urdu, Gujarati, Mala!alam, Kannada,

"ri!a, #unja$i, &&ame&e, Ka&hmiri, 0indhi, and 0an&/rit- Hindu&tani i&

a 'ular ariant '* HindiUrdu &'/en idel! thr'ugh'ut n'rthern 3ndia

$ut i& n't an '**i+ial language 21 +en&u&6

Ethnicity/race: 3nd'r!an 72%, raidian 25%, M'ng'l'id and 'ther

% 26

Religions: Hindu 8.5%, Mu&lim 1.4%, hri&tian 2.%, 0i/h 1.9%,

'ther 1.8%, un&e+i*ied .1% 216

National Holiday: :eu$li+ a!, ;anuar! 2ite, titanium 're,

+hr'mite, natural ga&, diam'nd&, etr'leum, lime&t'ne, ara$le

land. E&ports:=1.2 $illi'n 21 e&t.6( etr'leum r'du+t&, re+i'u&

&t'ne&, ma+hiner!, ir'n and &teel, +hemi+al&, ehi+le&,

1
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aarel. Imports:=4


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Chapter ,

Geography of Germany

Geography of Germany

National name:Bunde&reu$li/ eut&+hland

Current go-ernment officials

anguage: German

Ethnicity/race: German 91.5%, Tur/i&h 2.4%, 3talian .7%, Gree/ .4%,

#'li&h .4%, 'ther 4.tile&, metal&. 'a(or )R$!ING

partners:Eran+e, U.0., UK, 3tal!, Detherland&, Belgium, u&tria, 0ain,

hina, 0itAerland, #'land 216.

Communications: )elephones:main line& in u&e( 5.7 milli'n 2126-

m'$ile +ellular( 17.7 milli'n 2126. *roadcast media: a mi>ture '*

u$li+l!'erated and riatel!'ned TC and radi' &tati'n&- nati'nal

and regi'nal u$li+ $r'ad+a&ter& +'mete ith nearl! 4 riatel!

3
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'ned nati'nal and regi'nal TC &tati'n&- m're than 9% '* h'u&eh'ld&

hae +a$le 'r &atellite TC- hundred& '* radi' &tati'n& in+luding multile

nati'nal radi' net'r/&, regi'nal radi' net'r/&, and a large num$er '*

l'+al radi' &tati'n& 286 Internet hosts:2.4 milli'n

2126. Internet users:


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CH$P)ER .

ECONO' O0 IN!I$

The economy of Indiai& the tenthlarge&tin the 'rld $! n'minal

G#and the thirdlarge&t$! ur+ha&ing 'er arit!###6. The

+'untr! i& 'ne '* the G2 maj'r e+'n'mie&, a mem$er '* B:30and a

deel'ing e+'n'm! that i& am'ng the t' 2 gl'$al trader& a++'rding

t' the FT". 3ndia a& the 19thlarge&t mer+handi&e and the 'rter in the 'rld in 21- it im'rted a t'tal '* =


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The '&t indeenden+eera 3ndian e+'n'm! *r'm 1947 t' 19916

a& a mi>ed e+'n'm!ith an inardl''/ing, +entrall!

lanned, interenti'ni&t 'li+ie&and im'rt&u$&tituting e+'n'mi+ m'del

that *ailed t' ta/e adantage '* the '&tar e>an&i'n '* trade and that

nati'naliAed man! &e+t'r& '* it& e+'n'm!. 3ndia& &hare '* gl'$al trade

*ell *r'm 1.% in 195 t' .5% in 198.Thi& m'del +'ntri$uted t'

ide&read ine**i+ien+ie& and +'rruti'n, and it a& ''rl! imlemented.

*ter a *i&+al +ri&i& in 1991, 3ndia ha& in+rea&ingl! ad'ted *ree

mar/et rin+ile& and li$erali&ed it& e+'n'm! t' internati'nal trade.

The&e re*'rm& ere &tarted $! *'rmer Einan+e mini&ter Manm'han

0inghunder the #rime Mini&ter&hi '* #.C.Dara&imha :a'. The!

eliminated mu+h '* @i+en+e :aj, a re and '&tBriti&h era me+hani&m

'* &tri+t g'ernment +'ntr'l& 'n &etting u ne indu&tr!. E'll'ing the&e

e+'n'mi+ re*'rm&, and a &tr'ng *'+u& 'n deel'ing nati'nal

in*ra&tru+ture &u+h a& the G'lden Juadrilateralr'je+t $! *'rmer #rime

Mini&tertal Bihari Caja!ee, the +'untr!& e+'n'mi+ gr'th r'gre&&ed

at a raid a+e, ith relatiel! large in+rea&e& in er+aita

in+'me&. The &'uth e&tern &tate '* Mahara&htra+'ntri$ute& the

highe&t t'ard& 3ndia& G# am'ng all &tate&, hile Bihari& am'ng it&

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3ndia i& a *'undingmem$er '* General greement 'n Tari**& and

TradeGTT6 &in+e 1947 and it& &u++e&&'r, the FT". Fhile

arti+iating a+tiel! in it& general +'un+il meeting&, 3ndia ha& $een

+ru+ial in 'i+ing the +'n+ern& '* the deel'ing 'rld. E'r in&tan+e,

3ndia ha& +'ntinued it& ''&iti'n t' the in+lu&i'n '* &u+h matter& a&

la$'ur and enir'nment i&&ue& and 'ther n'ntari** $arrier& t' tradeint'

the FT" 'li+ie&.T' ten e>'rter& t' 3ndia

'untr! 21221 r

0e6

%0hare 21221

r 0e6G):MD 2825.57 11.92U) 19


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B:L3@ 42.


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Chapter

Economy Of Germany

Germany i& the large&t nati'nal e+'n'm! in )ur'e, the *'urth

large&t $! n'minal G#in the 'rld, and *i*th $! G# ###6. 0in+e the

age '* indu&triali&ati'nand $e!'nd, the +'untr! ha& $een a drier,

inn'at'r, and $ene*i+iar! '* an eer m're gl'$ali&ed e+'n'm!.

German!& e+'n'mi+ 'li+! i& $a&ed 'n the +'n+et '* the &'+ial mar/et

e+'n'm!. The +'untr! i& a *'unding mem$er '* the )ur'ean Uni'nand

the )ur' A'ne. German!i& the third large&t e>'rter in the 'rldith

=1.51< trilli'n e>'rted in 212. )>'rt& a++'unt *'r m're than 'nethird

'* nati'nal 'utut. 3n 21, German! re+'rded the highe&t trade &urlu&

in the 'rld 'rth =27 $illi'n, ma/ing it the $igge&t +aital e>'rter

gl'$all!.

German! i& the large&t r'du+er '* lignitein the 'rld. German! i&

al&' ri+h in tim$er, ir'n 're, 'ta&h, &alt, uranium, ni+/el, +'er and

natural ga&. )nerg! in German! i& &'ur+ed red'minantl! $! *'&&il *uel&,

*'ll'ed $! nu+lear 'er, and $! renea$le energ!li/e $i'ma&& ''d

and $i' *uel&6, ind, h!dr' and &'lar.

10
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The &eri+e &e+t'r+'ntri$ute& ar'und 7% '* the t'tal G#,

indu&tr! 29.1%, and agri+ulture .9%. M'&t '* the +'untr!& r'du+t& are

in engineering, e&e+iall! in aut'm'$ile&, ma+hiner!, metal&, and

+hemi+al g''d&. German! i& the leading r'du+er '* ind tur$ine& and

&'lar 'er te+hn'l'g! in the 'rld. 'm$inati'n '* &eri+e'riented

manu*a+turing, : &ending, lin/& $eteen indu&tr! and a+ademia,

internati'nal +''erati'n and the Mittel&tand+'ntri$ute t' the 'erall

+'metitiene&& '* the e+'n'm! '* German!.

German! i& the 'rld& t' l'+ati'n *'r trade *air&. r'und t'

third& '* the 'rld& leading trade *air& ta/e la+e in German!. The

large&t annual internati'nal trade *air& and +'ngre&&e& are held in

&eeral German +itie& &u+h a& Han'er, Muni+h, Eran/*urtand Berlin.

German! a& a *ederati'n i& a 'l!+entri+ +'untr! and d'e& n't hae a

&ingle e+'n'mi+ +enter. The &t'+/ e>+hange i& l'+ated in Eran/*urt am

Main, the large&t Media +'man! Bertel&mann G6 i& head?uartered

in GNter&l'h- the large&t +ar manu*a+turer& are

in F'l*&$urg, 0tuttgartand MNn+hen.

German! i& an ad'+ate '* +l'&er )ur'ean e+'n'mi+ and 'liti+al

integrati'n. 3t& +'mmer+ial 'li+ie& are in+rea&ingl! determined $!

11
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agreement& am'ng )ur'ean Uni'n )U6 mem$er& and )U &ingle

mar/etlegi&lati'n. German! intr'du+ed the +'mm'n )ur'ean +urren+!,

the eur' 'n 1 ;anuar! 1999. 3t& m'netar! 'li+! i& &et $! the)ur'ean

entral Ban/in Eran/*urt.

The &'uthern &tate& OBunde&lPnderO6, e&e+iall! Ba!ern, Baden

FNrttem$erg and He&&en, are e+'n'mi+all! &tr'nger than the n'rthern

&tate&. "ne '* German!& traditi'nall! &tr'nge&t and at the &ame time

'lde&t6 e+'n'mi+ regi'n& i& the :uhr areain the e&t,

$eteen B'nnand 'rtmund. 27 '* the +'untr!& 1 large&t +'manie&

are l'+ated there. 3n re+ent !ear&, h'eer, the area, h'&e e+'n'm! i&

$a&ed 'n natural re&'ur+e& and hea! indu&tr!, ha& &een a &u$&tantial

ri&e in uneml'!ment 21( 8.7%6.

The e+'n'm! '* Ba!ernand BadenFNrttem$erg, the &tate& ith

the l'e&t num$er '* uneml'!ed e'le 21( 4.5%, 4.9%6, 'n the

'ther hand, i& $a&ed 'n highalue r'du+t&. 3m'rtant &e+t'r& are

aut'm'$ile&, ele+tr'ni+&, aer'&a+e and $i'medi+ine, am'ng 'ther&.

BadenFNrttem$erg i& an indu&trial +enter e&e+iall! *'r aut'm'$ile and

ma+hine $uilding indu&tr! and the h'me '* $rand& li/e Mer+ede&BenA

aimler6, #'r&+he and B'&+h.

12
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13


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Chapter 2

India )rade Relations

3ndia $eing an emerging e+'n'm! '* the 'rld ha& a &tr'nge+'n'mi+ 'li+! hi+h &tre&&e& 'n deel'ing and &trengthening$ilateral trade relati'n& ith di**erent nati'n& a+r'&& the 'rld.

)op )en )rading Partners of India

& '* 289, 3ndiaQ& t' ten trading artner& and the trade+arried 'ut ith them ha& $een &ummari&ed a&

Country )rade ,334536

7Rs8 In crores9

)rade *alance

7Rs8 In crores9

G):MD 1,


15/27

Chapter

Indo5German Economic Relations

han+ell'r Mer/el and #rime Mini&ter 0ingh at the Han'er Eair in

2


16/27

The ne +entur! led t' een &tr'nger gr'th indi+at'r& in $ilateral

trade, hi+h ha& gr'n $! an aerage '* 29 er +ent er annum &in+e

2. ne mile&t'ne a& rea+hed in 2e+ted. The $ilateral trade num$er& +'ntinued 'n an uard &ing in27 and 28, ith 'lume '* trade rea+hing S12.7 $illi'n and S1.41

$illi'n re&e+tiel!. The re+e&&i'n a**e+ted the $ilateral trade in 29, $ut

'nl! marginall!, ith the *igure& de+lining t' S1.1 $illi'n.

16


17/27

Chapter tile e>'rt t' German! re&ulted *'r the highe&t &hare and it

am'unted t' )ur' 1.5 $illi'n in 21.

Indian I) E&ports to GermanyCe*I) ,311> Hanno-er Germany

"ne '* 3ndiaQ& rime trade *a+ilitati'n 'rganiAati'n&, )le+tr'ni+&

and 'muter 0'*tare )>'rt #r'm'ti'n 'un+il )06

haing m're than 2, mem$er& t''/ art in a grand a! at

the eB3T held *r'm Mar+h 15th 211at Hann'er, German!.

17
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eB3T i& 'ne '* the $e&t /n'n internati'nal trade *air

&h'+a&ing the te+hn'l'gi+al r'+e&& u&ed all a+r'&& the

'rld. The main '$je+tie '* the trade &h' a& t' hel 'ut the

a&&'+iate e>'rter& t' e>and their $u&ine&& $a&e gl'$all!.

U&er& *r'm indu&tr!, &/illed trade&, $an/&, &eri+e& &e+t'r,

g'ernment agen+ie&, &+ien+e and all a&&i'nate a$'ut

te+hn'l'g! ere the /e! target gr'u&.

:'ughl! 2 3ndian 3T +'manie& arti+iated at eB3T under

)0 $anner. The ma&& arti+iati'n '* the 3ndian

+'manie&+learl! indi+ated their in+rea&ing intere&t& '*

ine&tment in the )U regi'n, ith German! $eing a rime

target. 3T r'du+t& a& ):#, $u&ine&& r'+e&& management,

$u&ine&& intelligen+e, erti+al mar/et &'luti'n&, managed

&eri+e&, internet &'luti'n&, e$ +'ntent management,

e+'mmer+e, e$ de&ign and te+hn'l'gie& and man! 'ther&

ere 'n di&la! at the eB3T. )0 ha& $een a regular

arti+iant at the eB3T &in+e la&t man! !ear&. The 3ndian

+'manie& under )0 hae e>re&&ed their intere&t& in &etting

u j'int enture&, haing *urther mar/eting a&&'+iati'n& ith

the )U. The )0 ha& re'rtedl! menti'ned that there ha&

$een a remar/a$le ri&e in 3T e>'rt& *r'm 3ndia t' German!.

IN!I$?O0) ,311

The )0 al&' h'&ted a large delegati'n *r'm )U hi+h

arti+iated at 3D30"ET 211 'n Mar+h 252


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i& 'ne '* the $igge&t 3T net'r/ing eent& a& er gl'$al

&tandard& and thi& !earQ& enue *'r the eent a& #une. 3t

re&ulted in *urther &trengthening the 3T relati'n& $eteen 3ndia

and )U and arti+ularl! ith German!.

India has re@uested to Germany to remo-e technology

trade restrictions

E'r $etter trade relati'n&, e&e+iall! highend te+hn'l'g! trade

ith German!, 3ndia ha& urged the )ur'ean nati'n t' ea&etrade re&tri+ti'n& and thu& r'ide a &uita$le lat*'rm *'r $'th

the +'untrie& t' 'r/ 'n and gain mutual $ene*it.

Indian eather E&port to Germany

The 3ndian leather e>'rt indu&tr! e!e& German! a& a rime

target *'r e>'rting it& leather item&. 8 er +ent '* the

+'untr!& t'tal leather e>'rt& are mainl! t' the U0 and )ur'e

ith German! a++'unting t' 14 er+ent, t' UK ar'und 1

er+ent, the U0 a$'ut 9 er+ent.

Indian $gro E&ports to Germany

gri+ultural &e+t'r i& the $a+/$'ne '* the rural 3ndian

e+'n'm!. gr' )>'rt& t' German! *r'm 3ndia ha& $een a

&igni*i+ant art '* the t'tal e>'rt '* 3ndian agri+ultural item&.

The maj'r 3ndian agri+ultural r'du+t& e>'rted t' German!

are *l'ri+ultural r'du+t&, alnut&, dried and re&ered

egeta$le&, 'ultr! r'du+t&, r'+e&&ed meat, natural h'ne!

19
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et+. m'ng the *l'ri+ultural r'du+t&, the +hie* &hare i& '* +ut

*l'er&.

ut *l'er&, *l'ering and 'rnamental lant&, $ul$&, tu$er&,

rhiA'me&, +hi+'r!, 'r+hid&, m'&&e& et+ are the, main

*l'ri+ultural item& e>'rted *r'm 3ndia. German! h'ld& a

er+entage '* 5.41% in the *l'ri+ulture e>'rt mar/et '* 3ndia.

Indian Glass Industry )rade "ith Germany

K'l/ata $a&ed Hindu&tan Dati'nal Gla&& 3ndu&trie& HDG6,

ha& $'ught a German +'man!, genda Gla&&, G6 *'r an un

reealed am'unt. HDG i& 3ndiaQ& large&t ma/er '* gla&&

+'ntainer& and ha& a t'tal &hare '* 55% in the mar/et. The

ne +'man! ha& $een renamed a& HDG Gl'$al Gm$H. The

deal a& &igned thi& Ma!11, 211. 0a>'n! nhalt ill +'ntinue

t' $e the main +entre *'r gla&& r'du+ti'n in German!, a&

en&ured $! HDG. HDG +an $ene*it *r'm the Oe>+ellent

+'nditi'n&O aaila$le a& high ?ualit! ra material& and m'dern

in*ra&tru+ture.

0igures of Indo5German E&port 'arAet

"erall the e>'rt indu&tr! i& gr'ing da! $! da! and the

*igure& indi+ate a ri&e in the trade $eteen the t' +'untrie&.

The te>tile indu&tr! a++'unt& *'r the highe&t trade ith *igure&

'* e>'rt t'u+hing )ur' 1.5 Billi'n. The &e+'nd '&iti'n i&

'++uied $! the +hemi+al r'du+t& hi+h are 'rth a$'ut )ur'

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585 milli'n. ata r'+e&&ing, ele+tr'ni+ and 'ti+al e?uiment

ith S579 milli'n +'me ne>t t' it. The *'urth and *i*th &'t& are

ta/en $! ma+hiner! ith S418 milli'n and leather r'du+t& ith

S9< milli'n.

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Chapter 4

German E&ports to India

German!, hi+h i& 'ne '* the 'rldQ& leading e>'rter& &tand&

'n the *i*th '&iti'n gl'$all! a& 3ndiaQ& trade a&&'+iate. 3t i& al&' the

large&t trading artner ithin the )ur'ean Uni'n. German! &hare& a

n'ta$le 11 er +ent '* the t'tal $u&ine&& dealing& $eteen

)U and 3ndia. German e>'rt& t' 3ndia gre t' S8.2 $illi'n,

adan+ing at a rate '* 'er 12 er +ent in 28. 3n 29, thi& *igure

redu+ed $! 1.2 er+ent t' arrie at S8.1 $illi'n.

0IG#RE? O0 IN!O5GER'$N EBPOR) '$RE)

There i& a gr'ing trend in the $ilateral trade $eteen the

t' nati'n& and the e>'rt indu&tr! ha& regi&tered an in+redi$le gr'th.

Eigure& '* e>'rt *'r the te>tile indu&tr!

htt($u&ine&&.ma&'*india.+'mindiaindu&tr!6 t'u+hed )ur' 1.5$illi'n. )>'rt '* +hemi+al& '++uied the &e+'nd '&iti'n ith &tati&ti+&

&h'ing e>'rt 'rth a$'ut )ur' 585 milli'n. The ne>t &'t i& ta/en $!

data r'+e&&ing, ele+tr'ni+ and 'ti+al e?uiment here e>'rt rea+hed

)ur' 579 milli'n. Ma+hiner! and leather e>'rt& '++uied the *'urth and

*i*th '&iti'n& ith e>'rt *igure& 'rth )ur' 418 milli'n and )ur' 9'rt#r'm'ti'n 'un+il in 'rder t' in+rea&e the &+'e *'r 3ndian &'*taree>'rt& in German!, &ent a delegati'n in the eB3T 22 &h' that t''/la+e in Hann'er in 22. 0in+e then the 3ndian 3T )>'rt& t'German! gained *urther imetu&.

The 3ndian 3T )>'rt& t' German! ha& &tarted a*ter e>'rting t' the U0mar/et, ith the German 3T &eri+e& mar/et 'rth a& 2


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0eri+e& e>'rt t' the *'reign +'untrie&, 3ndia i& al&' gaining im'rtan+e

in neer

0eri+e& li/e a+/aged &'*tare imlementati'n, &!&tem& integrati'n,

net'r/ in*ra&tru+ture management, and 3T +'n&ulting.

Ea+t'r& *a+ilitating the gr'th '* 3ndian 3T )>'rt& t' German!( The

*a+t'r& *a+ilitating the gr'th '* 3ndian 3T )>'rt& t' German! are li/e

the in+rea&ed &e+ialiAati'n, aaila$ilit! '* a large &e+ti'n '* l' +'&t,

$ut highl! &/illed, edu+ated and *luent )ngli&h&ea/ing 'r/er& *'r the

deel'ment '* the 3T &e+t'r& in 3ndia. H'eer, 'n the 'ther hand, the

ri&e in demand *r'm *'reign +'n&umer& intere&ted in 3ndia& &eri+e

e>'rt& and due t' th'&e *'reign +'untrie& l''/ing t' 'ut&'ur+e their

'erati'n& the 3ndian &'*tare *irm& *l'uri&hed.

The re+ent ri&e in the 3ndian 3T )>'rt& t' German! i& due t'

&'me $ene*it& a& the&e e>'rt& d' n't re?uire the ur+ha&e '* hardare

'r &'*tare $! the 3ndian +'man! 'r the r'i&i'n '* an! &igni*i+ant

te+hn'l'g! in*ra&tru+ture ithin the +'untr!. M're'er, &in+e the 'n&ite

e>'rt& are $a&ed 'n lin/& ith *'reign +'lla$'rat'r&, the! d' n't re?uire

that &tandard '* mar/eting and *inan+ing a& +'metiti'n ithin the 'en

mar/et 'uld.

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Chapter 13

PRO*E'? O0 O+ ?H$RE O0 IN!I$D?

EBPOR) )R$!E

3ndiaQ& e>'rt er*'rman+e i& ''r. 0in+e indeenden+e 3ndiaQ&

&hare '* the 'rld e>'rt trade i& 1%. The &hare '* e>'rt trade '* 'ther

deel'ing +'untrie& '* &ia li/e +hina, 0'uth K'rea, Mala!&ia,

0inga're Thailand i& er! mu+h than 3ndia.

$8 EBPOR) RE$)E! PRO*E'?:5

#''r ?ualit!.

High ri+e&.

3nade?uate r'm'ti'n.

#''r *'ll'u '* &ale&.

#''r neg'tiati'n &/ill&.

*8 GENER$ C$#E?:5 #r'$lem '* trading $l'+&.

Degatie attitude '* 'er&ea& $u!er&. '+umentati'n *'rmalitie&.

#re&en+e '* g''d d'me&ti+ mar/et.

#''r in*ra&tru+ture.

Chapter 11

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CONC#?ION

Fhether 'r n't 3ndia 'erta/e& German! in the ne>t t' de+ade&,

it i& +lear that $'th +'untrie& ill $e e+'n'mi+ 'erh'u&e& in the

medium term. Und'u$tedl!, their gr'th ill hae &igni*i+ant ima+t& 'n

the F'rld e+'n'm!.

The 3ndiaGerman! relati'n&hi ma! n't $e an ideal relati'n&hi in

the narratie '* a $ilateral relati'n&hi $eteen the +'untrie&. But gien

the +'mle>it! '* the relati'n&hi ta/ing int' a++'unt the diergent

'liti+al &!&tem, the unre&'led territ'rial di&ute, 'mul&i'n '* ge'

'liti+&, the ?ue&t *'r re&'ur+e& and mar/et&, and a&irati'n& '* the t'

+'untrie& *'r gl'$al in*luen+e and 'er, the relati'n&hi $eteen the

t' +'untrie& i& +ertainl! a matter '* great &ati&*a+ti'n. 3n &ite '*

'++a&i'nal hi++u& and inri+/&, the relati'n&hi $eteen the t'

+'untrie& ha& &h'n a +ertain degree '* re&ilien+e. 3t i& n't a relati'n&hi

$eteen a large +'untr! and a &mall +'untr!, $ut a d!nami+ relati'n&hi

$eteen t' great +'untrie& $'a&ting '* a great +iiliAati'n and +ultural

a&t, +'mle> d!nami+& '* the re&ent and a er! +hallenging and

r'mi&ing *uture +ra*ting a ne 'rld 'rder. True that there i& a tru&t

de*i+it and &e+urit! dilemma $eteen the t' +'untrie&, $ut it i& e?uall!

true that there i& a gr'und&ell '* g''dill $eteen the t' +'untrie&.

lth'ugh 'ne +ann't rule 'ut the '&&i$ilit! '* a +'n*li+t $eteen the t'

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+'untrie&, 'ne ha& t' remem$er that 212 i& n't 19

indo-german trade relation

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