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India brazil trade realationship

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  • 1. INDIA AND BRAZIL REALATIONSHIP Nitish kumar Era Business School Dwarka.
  • 2. INTRODUCTION • • • • • • Population Area Capital Population Density Largest City Government • Official Language • Main Religion • GDP : 190,732,694. : 85,14,877. : Brasilia : 22 km : Sao-Paulo (11,037,593) : Federal Presidential constitutional republic. : Portuguese : 74% Roman Catholicism. : US$2.425 trillion.
  • 3. • 500 year old relationship. • Portugal's Padro Carbal searched brazil in 1500, He was sent to India by Portugal. • Brazil and India were colonies which led to exchange of several exchange of corps. • Diplomatic relation between India and brazil in 1948. • In recent year, trade has been extended to diverse area as science & technology, pharmaceutical & space.
  • 4. CAMPARING INDIAN & BRAZIL  Similarities :a) Both are developing nations- India and Brazil are in the development phase. b) Colonies of European countries- India was British colony where as Brazil was Portuguese colony. c) Agriculture based economics- In both the counties more than 60% people are working in agriculture sector.
  • 5. CAMPARING INDIAN & BRAZIL  Differences a) b) c) d) e) f) Population India population is 6 times larger than Brazil. Population Density- 16 times larger in India as compares to Brazil. Area- 3 times in Brazil than India. GDP- For 2009-10, Brazil’s GDP is 1,612 trillion’s where as India’s GDP is 1,264 trillion’s. Per capital Income- 10 times more in Brazil than in India. Agriculture productivity is higher in Brazil than in India, Brazil is one of the largest exporter of agriculture products.
  • 6. FACTOR RESPONSIBLE FOR TRADE BETWEEN INDIA & BRAZIL  Comparative advantage a) Brazil has comparative advantage in agriculture products where as India in pharmaceutical & chemical products.  Common World view a) Both countries wants permanent membership in UNSC. b) Both supports the reform Bretton woods institution.
  • 7. FACTOR RESPONSIBLE FOR TRADE BETWEEN INDIA & BRAZIL  Common Development challenges a) To eliminate distortions & subsides in international trade in agriculture. b) To preserve food security. c) Rural development, eradication of poverty.  Growing Economics a) Since both are growing economics, main emphasis will be on increase GDP growth, reducing poverty, generating employment.
  • 8. FACTOR RESPONSIBLE FOR TRADE BETWEEN INDIA & BRAZIL  Large Pool of Natural Resources a) Both are endowed with natural resources that help them to have comparative advantage in some products.  Complementarities a) Trade between India & Brazil compliment each other, because there is scarcity of some products like pharmaceutical products in brazil & agriculture products in India.
  • 9. COMPOSITION OF IMPORT-EXPORT  INDIA EXPORT TO BRAZIL a) India’s exports are pharmaceutical goods, auto parts, Engineering goods, chemical and textile. b) Main items include : • Products of the milling industry, malt, starches, insulin, wheat gluten. • Explosives, paperboard, articles of paper pulp, of paper of paperboard. • Printed books, newspaper, pictures and other products of the printing industry.
  • 10. • Coated, covered or laminated textile fabrics, textile articles of a kind suitable for industrial use. • Clock and watches and parts thereof. • Heavy machinery and their parts. • Arms, Ammunition and musical all instrument.
  • 11.  INDIA’S IMPORT FROM BRAZIL – India’s imports mainly include agriculture products, live stock and dairy products and metals ore. – Main items included are as follow- 1. Agriculture Products • • • • Coffee, tea, oil, seeds and live and plants. Rubber and plastics. Oil, seeds and medicinal plants. Sugar and sugar confectionary.
  • 12. 2 Metals and Metals products • • • Iron and Steel and their products. Copper and Nickel and their products. Aluminum and their products. 3 Mineral fuel, oil and products.
  • 13. ANALAYSIS OF TREND AND PATTERN OF EXPORT-IMPORT FOR PERIOD 2005-10 – India’s export to the Brazil is always greater than import in values terms except in the current year i.e. 2009-10 where there is import is greater than export. – Although percentage share of India export to brazil has fallen over the period, there absolute value has increase in the year 2008-09 and then has fallen a little. – India’s import from Brazil has increase in 2007-08, then fallen in 2008-09, and again increased by 200 percentage in 2009-10. – In short, trade volume between India and Brazil has been increased approximately 3.5 times larger in 2009-10 than in year 2005-06.
  • 14. TRADE POLICY & REGULATION Preferential trade Agreement(PTA) • This is an agreement of India with Mercosur. (Argentina, Paraguay, Uruguay & Brazil) • Framework for PTA was signed in June 2003. • Five agreement were signed between two countries. 1. 2. 3. 4. 5. Peaceful use of outer space. Co-operation in area like railways, biotechnology etc. Modernizing intellectual Property Rights. Promotion of tourism & culture exchange. Keen to partner with Indian space research organization to develop it’s own ambitious plan under the Brazilian space agency.
  • 15. RECENT DEVELOPMENT IN TRADE RELATION – India and brazil enjoy strong bilateral relation which are clearly reflected in various international forums such as IBSA, PTA and BRICS. GROWTH OF TRADE – Meeting of Both The Countries Minister for Development Industry and Foreign Trade. – Mutual investment have also increased in recent years, particularly in the field of information technology, biotechnology and pharmaceuticals.
  • 16. FUTURE PERSPECTIVE OF TRADE BETWEEN INDIA & BRAZIL BRAZIL, RUSSIA, INDIA & CHINA (BRICS)-2001 – BRICS is known the “Big four” is a grouping that refers to the countries of Brazil, Russia, India, and China that are deemed to all be at a similar stage on newly advanced economic development. – This thesis was proposed by Jim O’Neil, Global economist at Goldman Sachs, in a 2001 paper entitled “The World Needs Better Economic BRICs.”
  • 17. OPPERTUNITIES AND STEPS TO BE TAKEN – Improvement of infrastructure and communication system. – Brazil and India have a huge business opportunity in pharmaceuticals, bio-fuels, IT, food processing, automobile parts, mining, civil aviation, medical equipment, infrastructure and railway equipment. – Establishment of PTA and the IBSA to promote trade. – Potential in the exchange of technology and engineering capabilities. – Brazil can contribute to India’s agriculture sector where as India can provide pharmaceutical technology to Brazil.
  • 18. CONCLUSION – Huge potential of trade between India and Brazil. – Invest more in infrastructure and communication. – Make India more favorable for invest in Brazil in order to reap benefits from higher rate returns from Brazil. – Important not underestimate the culture differences.

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