India

 India is located in Southern Asia bordering the Arabian Sea and the Bay of Bengal. Neighboring countries include Bangladesh, Bhutan, Burma, China, Nepal, and Pakistan. India has a diverse geology: upland plain (Deccan Plateau) in south, flat to rolling plain along the Ganges River, deserts in west, and the Himalayas in the north. The government is a federal republic; the chief of state is the president, and the head of government is the prime minister. India has a market economy in which the prices of goods and services are determined in a free price system. India is a member of the Asia-Pacific Trade Agreement (APTA) and the South Asian Association for Regional Cooperation (SAARC).

Population Population Growth Rate Age Dependency Ratio Urban Population Infant Mortality Rate Life Expectancy at Birth
1,380,004,385 (2020)
0.989 annual % (2020)
48.665 % of working-age population (2020)
34.926 % of total (2020)
28.3 per 1,000 live births (2019)
69.656 years (2019)

Business partners

Importers

Select your indicators

Value exported in 2021 (USD thousand)

Share in India’s exports (%)

World

394,813,673

100

United States of America

71,510,497

18.1

United Arab Emirates

25,446,639

6.4

China

23,036,597

5.8

Bangladesh

14,092,748

3.6

Hong Kong, China

11,290,061

2.9

Singapore

10,650,087

2.7

United Kingdom

10,374,395

2.6

Netherlands

10,284,461

2.6

Germany

9,513,606

2.4

Nepal

9,189,859

2.3

Exporters

Select your indicators

Value imported in 2021 (USD thousand)

Share in India’s imports (%)

World

570,402,004

100

China

87,535,136

15.3

United Arab Emirates

43,070,345

7.6

United States of America

41,386,816

7.3

Switzerland

29,492,003

5.2

Saudi Arabia

27,689,346

4.9

Iraq

26,566,073

4.7

Hong Kong, China

18,201,551

3.2

Singapore

18,201,531

3.2

Korea, Republic of

17,076,153

3

Indonesia

16,724,828

2.9

Most important cities

India’s most important cities are:
–  Delhi
–  Mubai
–  Bangalore
–  Kolkata

Indian culture: Customs and traditions

 Indian culture is among the world’s oldest as the people of India can track their civilization back as far as 4,500 years ago. Many sources describe it as “Sa Prathama Sanskrati Vishvavara” — the first and the supreme culture in the world, according to the All World Gayatri Pariwar(opens in new tab) (AWGP) organization.

 Western societies did not always see the culture of India very favorably, according to Christina De Rossi, an anthropologist at Barnet and Southgate College in London. Early anthropologists once considered culture as an evolutionary process, and “every aspect of human development was seen as driven by evolution,” she told Live Science. “In this view, societies outside of Europe or North America, or societies that did not follow the European or Western way of life, were considered primitive and culturally inferior. Essentially this included all the colonized countries and people, such as African countries, India, and the Far East.”

 However, Indians made significant advances in architecture (Taj Mahal), mathematics (the invention of zero) and medicine (Ayurveda) well in advance of many western civilizations.

Weather and Climate

 India is the seventh largest country in the world by size and it boasts an incredibly diverse collection of landscapes which are bordered along the eastern, western and southern coast by the Bay of Bengal, the Arabian Sea and the Indian Ocean respectively.  In the north, the country shares its borders with Bangladesh, China, Nepal, Bhutan, Myanmar and Pakistan, and just off the southern coast – alongside a number of islands – lies Sri Lanka.  The country is largely divided up into a number of main regions geographically.  These include the great mountains in the north; the Thar desert to the northwest; the Indo-Gangetic plain characterised by three important rivers (the Ganges, the Indus and the Brahmaputra); the peninsular plateau divided by central highlands and scattered with shallow valleys and rounded hills; and the coastal plains home to a great number of smaller rivers.  There are also two main groupings of islands, the Andaman and Nicobar Islands in the Bay of Bengal, and the Lakshadweep Islands in the Arabian Sea.

 In terms of climate, India can be divided into a number of regions.  For the most part, the country has a tropical climate which throughout most of the interior is a mixture of wet and dry tropical weather.  In northern parts there is a humid tropical climate and along the western coast lies wet tropical areas.  Stretching in a strip up the centre of the country is a semi-arid climate, which also stretches across the north-west.  Although stereotypical images may bring to mind the heat of India, the country can also experience extreme cold.  This takes place largely in the northern mountainous regions which include the cold, arid and windswept Himalayas.

Natural resources

1. Coal
2. Iron ore
3. Manganese
4. Chromite

5. Natural gas
6. Diamonds
7. Limestone
8. Thorium

Economic Index

– GDP (current US$) – India
2,660,245.25

– GDP, PPP (current international $) – India
8,975,476.83

– GDP per capita, PPP (current international $) – India
6,503.9

– GDP per capita (current US$) – India
1,927.7

– Gini index – India
35.7   

– Inflation, consumer prices (annual %) – India
6.6

INTERNET PENETRATION RATE

       India’s internet penetration rate stood at 48.7 % of the total population at the start of 2023.
– There were 692.0 million internet users in India in January 2023.
– There were 467.0 million social media users in India in January 2023.

Social Media Stats in india

Facebook = 65%

Instagram = 26.21%

YouTube = 5.44%

Twitter = 1.92%

Pinterest = 0.97%

LinkedIn = 0.31%

Standards for Trade

 India historically made efforts to align its national standards with international norms, and most Indian standards are harmonized with International Standards Organization (ISO) standards.  Nevertheless, there is current pressure within India to devise Indian Standards, which will create barriers to trade and pose challenges to U.S. exporters in certain sectors.  India frequently fails to notify the WTO of new standards, and to allow time for discussion with its trading partners prior to implementation. 

 Because of pressure from consumer rights groups, NGOs, and environmental activists, there is a growing emphasis on product standards in India in various industry sectors.  The proactive role of Department of Consumer Affairs and Bureau of Indian standards (BIS) under the Mission ‘One Nation One Standard’ have also contributed to an increased awareness and emphasis on product standards in India.

Standards

 In India, voluntary standards are exclusively developed by BIS.  BIS was originally established under the Bureau of Indian Standards Act of 1986 and is responsible for the development and formulation of standards.  In March 2016, the government of India passed a revised bill to replace the 30-year-old BIS Act.  The bill established BIS as a national body and empowered the central government to authorize any other agency having necessary accreditation for conformity assessment against Indian standards.  
 BIS is comprised of representatives of industry, consumer organizations, scientific and research bodies, professional organizations, technical institutions, Indian government ministries, and members of parliament.  BIS is also involved with product certification, quality system certifications and testing, and consumer affairs. 
 BIS is the only organization in India authorized to operate quality certification plans under an Act of Parliament.  It serves as the official member and sets policy for Indian participation in the ISO and International Electro Technical Commission (IEC). 
 In addition, Food Safety and Standards Authority of India (FSSAI) was established under the Food Safety and Standards Act, 2006, as a statutor body for implementing and regulating food standards.

Tariff

 Goods & Services Tax (GST) is levied on all imported goods, with the tax rate being 10% of the value of the goods. In addition, there is the Integrated GST or IGST which is applied to the value of the imported goods plus all applicable customs duties.

Trade agreements

– CEPA
– ECTA
– CECPA
– APTA (Asia Pacific Trade Agreement)
– India ASEAN TIG (India ASEAN Trade in Goods Agreement)
– GSTP (Global System of Trade Preferences)
– SAFTA  (South Asia Free Trade Agreement)
– ISLFTA (Indo Sri Lanka Free Trade Agreement)
– ISCECA (India Singapore Comprehensive Economic Cooperation Agreement)
– JICEPA  (Japan India Comprehensive Economic Partnership Agreements)
– IKCEPA (India Korea Comprehensive Economic Partnership Agreements)

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