Please enable JavaScript.
Coggle requires JavaScript to display documents.
Research Report on the United Kingdom and India - Coggle Diagram
Research Report on the United Kingdom and India
UK
The UK is the 14th most developed country in the world according to the HDI (Human Development Index). It has a HDI of 0.922
Currency
Great British Pound (GBP)
1GBP=
1.4USD
1.15EUR
GBP is the oldest surviving independent currency, having been used since the 8th century.
GBP is the strongest widely used currency in the world
Trade Patterns
UK has 2.7% of world trade
9th largest export economy
11th most complex economy
Import most from Germany (2015)
Export most to USA (2015)
Imports/ Exports
Imports
Main Imports (2019)
Gems/ Precious Metals 17.2%
Machinery (Computers) 11.1%
Vehicles 9.2%
The UK imported $651 billion in 2018
Exports
Main Exports (2020)
Machinery (Computers) 15%
Gems/ Precious Metals 10.8%
Vehicles 9.1%
The UK exported $464 billion in 2018
Inflation
2010: 2.49%
2011: 3.86%
2012: 2.57%
2013: 2.29%
2014: 1.45%
2015: 0.37%
2016: 1.01%
2018: 2.29%
2017: 2.56%
2019: 1.74%
India
India is a developing country with a HDI of 0.64
Currency
Indian Rupee (INR)
1INR=
0.0098GBP
0.013USD
0.011EUR
The earliest issued paper rupees were issued in 1773
The Indian Rupee is a relatively weak currency
Trade Patterns
India is in favour of a multilateral trade regime
From 1990/91 to 2017/18 the value of India's exports more than 16 times ($18bn to $300bn). In the same time span their imports increased by more than 20 times ($24bn to $460bn
Imports/ Exports
Imports
India imports around 6000 commodities from 140 countries
India imported $462.9 billion worth of items in 2014
Main Imports (2019)
Mineral Fuels (Oil) 32%
Gems/ Precious Metals 12.5%
Electrical Machinery/ Equipment 10.5%
Exports
India exports approximately 7500 commodities to about 190 countries
India exported $318.2 billion of commodities in 2014
Main Exports (2019)
Mineral Fuels (Oil) 13.7%
Gems/ Precious Metals 11.4%
Machinery (Computers) 6.6%
Inflation
2015: 5.87%
2016: 4.94
2017: 2.49%
2018: 4.86%
2019: 7.66%
2014: 6.35%
2013: 10.91%
2012: 9.31%
2011: 8.86%
2010: 11.99%
Sources:
Development rankings
Currency Converter
A Short History of the British Pound
History of Indian Currency
Foreign Trade of India
India Top 10 Exports
UK Top 10 Exports
UK Top 10 Imports
India Top 10 Imports
OEC UK Profile
UK Inflation Rates
India's Trade Patterns
UK Trade Patterns