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India-Germany trade to touch USD 25 billion by 2018: PHD Chamber

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and are bound by tremendous business opportunities and close economic links based on the fundamentals of understanding and support, said Dr. Mahesh Gupta, President, PHD Chamber of Commerce and Industry in a press statement issued here today.

Based on strong complementarily and growth prospects going forward the trade between two nations is expected to touch USD 25 billion by 2018. Currently, India-trade is valued at USD 18.9 billion.

Among various products, India's thrust products in included organic chemicals (9.57%), non-knitted apparels (8.46%), nuclear reactors and boilers (8.37%), knitted articles (8.16%), electrical equipments (5.76%) of total exports.

Germany's thrust products in included nuclear reactors and boilers (29.91%), electrical equipments (10.68%), optical, measuring, photographic, medical or surgical equipments (8.14%), vehicles (7.44%), organic chemicals (5.49%) of total exports.

Dr. Mahesh Gupta also added that Indian exports into were mainly focused on Consumer Goods, viz. nearly 54% of the total exports. On the other hand, nearly 61% of the total imports from were focused on Capital Goods.

This clearly describes the characteristics of being heavily endowed with capital-intensive goods is exporting India. On the other hand, a relatively more labour-intensive nation is exporting more consumer goods to Germany, he said.

It was also highlighted by Dr. Mahesh Gupta that India's export pattern has become more and more aligned with the import pattern of over time. Both nations witnessed a favourable complementarity scenario.

Also, the basket of exportable products from remained opulently diversified over the years, thereby rendering Indian exporters relatively less susceptible to volatility in a turbulent trade scenario.

Also, both nation registered satisfactory intra-industry trade numbers with substantial contribution in each other's value chain, which is expected to grow further in the coming times, further added Dr. Mahesh Gupta.

Dr. Mahesh Gupta presumes that with further liberalization of FDI policy in different segments and the advent of GST next year, FDI from is expected to touch a new growth trajectory.

Going ahead, it is essential for both the parts to become proactive and adopt deem policies to rejuvenate the falling trend in trade. Both nations should continuously meet and engage in discussions related to mitigating bilateral trade issues, defence ties, renewable energy, skill development and other vital areas.

As is moving ahead as the front runner in growth of its economy, it needs extrinsic support from all the countries and is one such nation which can truly transform into a sustainable partner for trade and economic growth.

India's inordinate and skilled human capital highly aligns with the technological capabilities of whereas German companies are competent in rendering infrastructural necessities to India, especially in logistics and construction sectors, added Dr. Mahesh Gupta.

Going ahead, growth prospects for trade and development between two countries are very promising and sustainable, not only for the coming years but for the coming decades, said Dr. Mahesh Gupta.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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India-Germany trade to touch USD 25 billion by 2018: PHD Chamber

Based on strong complementarily and growth prospects going forward the trade between two nations is expected to touch USD 25 billion by 2018. Currently, India-Germany trade is valued at USD 18.9 billion. and are bound by tremendous business opportunities and close economic links based on the fundamentals of understanding and support, said Dr. Mahesh Gupta, President, PHD Chamber of Commerce and Industry in a press statement issued here today.

Based on strong complementarily and growth prospects going forward the trade between two nations is expected to touch USD 25 billion by 2018. Currently, India-trade is valued at USD 18.9 billion.

Among various products, India's thrust products in included organic chemicals (9.57%), non-knitted apparels (8.46%), nuclear reactors and boilers (8.37%), knitted articles (8.16%), electrical equipments (5.76%) of total exports.

Germany's thrust products in included nuclear reactors and boilers (29.91%), electrical equipments (10.68%), optical, measuring, photographic, medical or surgical equipments (8.14%), vehicles (7.44%), organic chemicals (5.49%) of total exports.

Dr. Mahesh Gupta also added that Indian exports into were mainly focused on Consumer Goods, viz. nearly 54% of the total exports. On the other hand, nearly 61% of the total imports from were focused on Capital Goods.

This clearly describes the characteristics of being heavily endowed with capital-intensive goods is exporting India. On the other hand, a relatively more labour-intensive nation is exporting more consumer goods to Germany, he said.

It was also highlighted by Dr. Mahesh Gupta that India's export pattern has become more and more aligned with the import pattern of over time. Both nations witnessed a favourable complementarity scenario.

Also, the basket of exportable products from remained opulently diversified over the years, thereby rendering Indian exporters relatively less susceptible to volatility in a turbulent trade scenario.

Also, both nation registered satisfactory intra-industry trade numbers with substantial contribution in each other's value chain, which is expected to grow further in the coming times, further added Dr. Mahesh Gupta.

Dr. Mahesh Gupta presumes that with further liberalization of FDI policy in different segments and the advent of GST next year, FDI from is expected to touch a new growth trajectory.

Going ahead, it is essential for both the parts to become proactive and adopt deem policies to rejuvenate the falling trend in trade. Both nations should continuously meet and engage in discussions related to mitigating bilateral trade issues, defence ties, renewable energy, skill development and other vital areas.

As is moving ahead as the front runner in growth of its economy, it needs extrinsic support from all the countries and is one such nation which can truly transform into a sustainable partner for trade and economic growth.

India's inordinate and skilled human capital highly aligns with the technological capabilities of whereas German companies are competent in rendering infrastructural necessities to India, especially in logistics and construction sectors, added Dr. Mahesh Gupta.

Going ahead, growth prospects for trade and development between two countries are very promising and sustainable, not only for the coming years but for the coming decades, said Dr. Mahesh Gupta.

Powered by Capital Market - Live News

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

image
Business Standard
177 22

India-Germany trade to touch USD 25 billion by 2018: PHD Chamber

and are bound by tremendous business opportunities and close economic links based on the fundamentals of understanding and support, said Dr. Mahesh Gupta, President, PHD Chamber of Commerce and Industry in a press statement issued here today.

Based on strong complementarily and growth prospects going forward the trade between two nations is expected to touch USD 25 billion by 2018. Currently, India-trade is valued at USD 18.9 billion.

Among various products, India's thrust products in included organic chemicals (9.57%), non-knitted apparels (8.46%), nuclear reactors and boilers (8.37%), knitted articles (8.16%), electrical equipments (5.76%) of total exports.

Germany's thrust products in included nuclear reactors and boilers (29.91%), electrical equipments (10.68%), optical, measuring, photographic, medical or surgical equipments (8.14%), vehicles (7.44%), organic chemicals (5.49%) of total exports.

Dr. Mahesh Gupta also added that Indian exports into were mainly focused on Consumer Goods, viz. nearly 54% of the total exports. On the other hand, nearly 61% of the total imports from were focused on Capital Goods.

This clearly describes the characteristics of being heavily endowed with capital-intensive goods is exporting India. On the other hand, a relatively more labour-intensive nation is exporting more consumer goods to Germany, he said.

It was also highlighted by Dr. Mahesh Gupta that India's export pattern has become more and more aligned with the import pattern of over time. Both nations witnessed a favourable complementarity scenario.

Also, the basket of exportable products from remained opulently diversified over the years, thereby rendering Indian exporters relatively less susceptible to volatility in a turbulent trade scenario.

Also, both nation registered satisfactory intra-industry trade numbers with substantial contribution in each other's value chain, which is expected to grow further in the coming times, further added Dr. Mahesh Gupta.

Dr. Mahesh Gupta presumes that with further liberalization of FDI policy in different segments and the advent of GST next year, FDI from is expected to touch a new growth trajectory.

Going ahead, it is essential for both the parts to become proactive and adopt deem policies to rejuvenate the falling trend in trade. Both nations should continuously meet and engage in discussions related to mitigating bilateral trade issues, defence ties, renewable energy, skill development and other vital areas.

As is moving ahead as the front runner in growth of its economy, it needs extrinsic support from all the countries and is one such nation which can truly transform into a sustainable partner for trade and economic growth.

India's inordinate and skilled human capital highly aligns with the technological capabilities of whereas German companies are competent in rendering infrastructural necessities to India, especially in logistics and construction sectors, added Dr. Mahesh Gupta.

Going ahead, growth prospects for trade and development between two countries are very promising and sustainable, not only for the coming years but for the coming decades, said Dr. Mahesh Gupta.

Powered by Capital Market - Live News

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

image
Business Standard
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