Question

Analyze briefly how India‟s trade has developed with European Union (EU) during the last decade. What are the likely implications of the expansion of EU on the Indian exports?

30 Jun 2022
Answer :
Word Count : 575

India is amongst the world’s fastest-growing large economies and is an important player in global economic governance. India is already an important trade and investment partner for the EU and could hold significant further potential. It represents a sizable and dynamic market, with an annual projected GDP growth rate of over 8% according to the IMF, which would make it the fastest-growing emerging economy.

The EU is India's third largest trading partner, accounting for €88 billion worth of trade in goods in 2021 or 10.8% of total Indian trade, after the USA (11.6%) and China (11.4%). The EU is the second-largest destination for Indian exports (14.9% of the total) after the USA (18.1%), while China ___ ____ _________ _______ _______ ____.
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