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Essay / Research Paper Abstract
This 10 page paper discusses trade between the United States and India. The essay begins with some background comments about India's place in world trade and when the country increased trade efforts. The writer reports different efforts made by officials of the two countries to increase trade by reducing certain barriers. In fact, trade has increased over the last few years. The essay reports the most common exports and imports between India and the United States and comments on business service outsourcing, e.g., tech support for products. 2 Tables are included. Statistical data are included. Bibliography lists 10 sources.
Page Count:
10 pages (~225 words per page)
File: MM12_PGindust.rtf
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Unformatted sample text from the term paper:
role in the world economy was all but miniscule until the late 1980s (Indianchild.com). In fact, the Indian government focused on self-sufficiency before then because they believed trade was biased
against developing economies (Indianchild.com). In 1960, India held only a 0.4 percent share in world trade (Indianchild.com). By the 1980s, however, the governments began to place more of an emphasis
on trade (Indianchild.com). They were particularly interested in exports, hoping they could hedge the costs of importing much needed products, like oil and high technology goods (Indianchild.com, 2004). Even so,
in the first part of the 1990s, Indias share of world trade only increased to 0.5 percent (Indianchild.com). In 2004, Indias exports was equal to 15.1 percent of its GDP
(Department of Foreign Affairs and Trade). The following table reflects Indias largest import sources and export destinations in 2004. Import Sources Export Destinations China = 6.2% United states =
5.(% Switzerland = 4.5% Belgium = 4.4% United Arab Emirates = 3.9% United States = 17.3% United Arab Emirates = 8.8% China = 5.4% Singapore = 4.5% United Kingdom 4.5%
(Source: (Department of Foreign Affairs and Trade 2004). The next table depicts the total trade balances between the United States and India for three years. Figures are in millions U.S.
dollars. Year Exports to India Imports From India Balance 2005 5,209.7 12,002.3 -6,792.6 2004 6,109.4 15,572.0 -9,462.7 2003 4,979.7 13,055.3 -8,075.6 (Source: Data Dissemination Branch 2005). On May 28,
2005, the Asia Africa Intelligence Wire reported exports from India had "increased to $79,247.05 M for 2004-2005" (p. NA). The increase was due primarily to increased "exports of traditional
items like agriculture, ores and minerals, chemicals and related products" (Asia Africa Intelligence Wire 2005, p. NA). The largest amount was $12,677.21 M in chemicals and related products (Asia Africa
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