India Flashcards
Describe The site of India, And what this means
– Former British colony, in Asia, forms a peninsula dividing the Indian Ocean and Arabian Sea and the Bay of Bengal
– aims to become a hub of transport, communication and traits within its wider region and is motivated by the rapid development of other emerging nations in the region such as Malaysia and Indonesia
Describe the situation of India
– Shares borders with the six countries including Pakistan, Bangladesh and China
What are examples of organisations which India is a part of and what this means
– United Nations and the WTO and a number of other associations including the Commonwealth – seeks to promote democracy, rule of law, human rights, good governance and social and economic development
What is the population of India, what is this in relativity to the worlds countries and what did it used to be
– A former British colony
– 1.3 billion–7 largest country in the world in London area
When did India become independent
1947
How is India split economically
– Village India with traditional agriculture and urban India which is one of the most heavily industrialised areas of the world
What is the number of people that make up the Indian Diaspora estimate to that, how many countries over and in 2014 how much did they send in remittances back to India and what does this exceed
– 20 million, scattered over 100 countries
– 2014– $71 billion – exceeds revenues from the software industry
What type of countries India classed as in terms of development and why
Emerging – India’s development has been rapid in recent decades
How has GDP changed over time
– Grown steadily since 1950 and increased rapidly in the 1990s – growing 7% on average for the last two decades
– was the worlds fastest growing economy in 2014 and is now worlds seventh largest economy by GDP and third by PPP
What has happened to GNI between 2006 and 2014
Almost doubled
How has the percentage of people working in each sector as employment changed in India, And what is each sector
Primary (agriculture) – 37% to 14%
Secondary – manufacturing – 17 to 18%
Tertiary – services – 46% to 67%
What are key features of India’s trade – give numbers– 2006 to 2012, And what is the main market for its goods and imports
-India is becoming more integrated into the global economy with the volume of imports and exports increasing from $252 billion in 2006-$794 in 2012
– Higher value goods becoming more prominent e.g. petroleum, gold and electronic goods
– Asia is the main market for India’s goods and China for its imports
What is the government scheme to encourage FDI for, what were the two biggest sources of it in 2014, and what is a key indicator of India’s development
– For countries infrastructure including some of the largest railway projects
– Mauritius and Singapore
– gap between outward and inward FDI is narrowing
What factors in India have helped influence economic change
Government policy, AID and globalisation
Describe how government policy has helped influence economic change
– Since 1990 it has been easier for Indian companies to make international links due to economic reforms with the government encouraging innovation and increasing the science budget
– education has been a priority for the government with free and compulsory education for 6 to 14 year olds
– Now has 1.4 million schools and 36,000 HE facilities
– significant improvements in literacy