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INDIA-GERMANY BILATERAL RELATIONS

Germany is amongst India’s most important partners for trade, investment and technology. Economic and commercial relations between India and Germany date back to the early 16thcentury when well-known German trading companies from Augsburg and Nuremberg, with the help of Portuguese, developed a new sea route around Africa, as they sailed in search of precious stones and spices for trading purposes. Thereafter in the 16th and 18th centuries, a number of German companies were established with the express purpose of trading with Indian and other East Asian countries. In 1867, Siemens built the first telegraph connection between Kolkata and London. In 1896, Bayer started its operations in India. In 2011-2013, we celebrated 60 years of diplomatic relations between India and Germany.

Trade
Germany is India’s largest trading partner in European Union and 6th largest trading partner globally. Germany is also India’s second largest technology partner. India’s significance as a trading partner for Germany is also on the increase. Currently India ranks at the 28th position amongst trading partners for Germany worldwide, accounting for 0.7% of total German trade and ranks 5th among Asian exporters to Germany
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Bilateral trade has been consistently growing in the recent years. From USD 15 billion in 2007, it almost doubled to USD 24.21 billion in 2011. Trade of USD 10.62 billion has been registered in the first two quarters of financial year 2012. Indo-German Bilateral Trade (fig in USD million) Source: Ministry of Commerce and Industry, GoI \Year 2007-2008 2008-2009 2009-2010 2010-2011 2011-2012 2012-2013 (Apr-Sept)

 Indian Exports
5,121.53
6,388.54
5,412.89
6,751.18
7,942.79
3,489.63 %Growth 24.74 -15.27 24.72 17.65
Indian Imports
9,884.83
12,006.02
10,318.18
11,891.37
16,275.56
7,134.36 %Growth 21.46 -14.06 15.25 36.87
Total Trade
15,006.36
18,394.56
15,731.07
18,642.55
24,218.35
10,623.99 %Growth 22.58 -14.48 18.51 29.91

While major items of exports from India to Germany are cotton and textile products, leather and leather products, chemicals & pharmaceuticals, metal products and automobile components, the key imports in India from Germany include machinery, electro-technical goods, aircrafts, metal goods, chemicals, measurement and control systems, synthetic materials etc.

Comments

JANTANTRIKBHARAT said…
you can ask for more knowledge
21 October 2015 at 06:12
Unknown said…
what about investment ratio
21 October 2015 at 06:20
Unknown said…
what about cultural relation
21 October 2015 at 06:26
Unknown said…
share also about investmen b/w both countries
21 October 2015 at 06:28
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