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INDIA, GEOGRAPHY AND POPULATION, RELIGIONS, LANGUAGES, CULTURE &…
INDIA
TRADE
- Currently has preferential access, economic cooperation, and free trade with over 50 countries and trade blocs
- Apart of the World Trade Organization since January 1, 1995
- A member of General agreement on Tariffs and Trade GATT since July 8, 1948
- Apart of South Asia Free Trade Agreement (SAFTA)
Signatory countries are:
- India
- Bangladesh
- Afghanistan
- Bhutan
- Maldives
- Nepas
- Pakistan
- Sri Lanka
- It is also party to 13 other regional free trade agreements
- India's major trading partners which have imported the greatest amount of Indian shipment are:
- United States: US$71.5 billion (18.1% of India’s total exports)
- United Arab Emirates: $25.4 billion (6.4%)
- China: $23 billion (5.8%)
- Bangladesh: $14.1 billion (3.6%)
- Hong Kong: $11.3 billion (2.9%)
- Singapore: $10.65 billion (2.7%)
- United Kingdom: $10.37 billion (2.6%)
- Indian Rupee is the official currency for the Republic of India
- Exchange rate:
- 1 Indian Rupee = 0.017 Canadian Dollar
- High tariffs for certain products
- Restrictions on selling to the government
- Import licensing requirements
- Measures on Anti-dumping and countervailing duty
- Many product bans
- Quarantine measures for agricultural products
- Stable economy
- Massive consumer market
- Rapidly increasing in technology
- Innovation-led
- More competition
- Crude petroleum ($122 billion in value)
- Gold ($31.1 billion)
- Petroleum gas ($17.7 billion)
- Diamonds ($17.5 billion)
- Coal Briquettes ($15.4 billion)
- Refined Petroleum ($53.9 billion)
- Packaged Medicaments ($12.1 billion)
- Jewelry ($11.8 billion)
- Rice ($7.75 billion)
- Cars ($5.82 billion)
BASIC FACTS
- A country in South Asia
- Total area of 3.28 million km2
- 7th largest country by landmass
- Divided into 28 States and 6 Union Territories
- Population is approximately 1.4 billion people
Over 19,500 languages spoken
- Of which 121 are recognized as languages
- Of which 22 official languages
- Some of the more common are Hindi, Bengali, Marathi, Telugu, Tamil, Gujarati, Urdu, Punjabi, Kannada, and English
Most widely spoken language is Hindi
- 520 million speakers
- The 4th most spoken language in the world
Very diverse country
- Religiously pluralistic and multiethnic democracy (Protection for minorities against discrimination of religion or caste)
- Largest religion of India is Hinduism (79.8% of the population)
Based on the 2011 census:
- 14.2% is Islam
- 2.3% is Christianity
- 1.7% is Sikhism
- 0.7% is Buddhism
- 0.4% is Jainism
- One’s feet should never be pointed towards another person, temple or deity
- Never sit higher than an elder
- Generally have large joint families
- There are festivals to honour Saints, public figures and Gurus
- The national animal: Tiger - symbolizes power
- The national flower: Lotus - symbolizes purity
- The national tree: Banyan - symbolizes immortality
- The national bird: The Peacock - symbolizes elegance
- The national fruit: Mango - symbolizes the tropical climate
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