About India About Indian economy Economic Profile of Jharkhand Economic Profile of JORDAN Comparative Study of Economic Environment of India and Jordan Impact of Culture & Trade Agreement European Free Trade Association Facts Reference Economic Environment of India and Jordan & Overview of European Free Trade Association GRADUATE SCHOOL OF MANAGEMENT STUDIES Gujarat Technological University

1. Guided by:
Dr. Sarika Srivastava
Assistant Professor
GSMS,GTU
Presented by:
26.Avani Kacha
34.Pranav Veerani
Economic Environment of India and Jordan &
Overview of European Free Trade Association
GRADUATE SCHOOL OF MANAGEMENT STUDIES
Gujarat Technological University

2. Road Map
• About India
• About Indian economy
• Economic Profile of Jharkhand
• Economic Profile of JORDAN
• Comparative Study of Economic Environment of India and Jordan
• Impact of Culture & Trade Agreement
• European Free Trade Association
• Facts
• Reference

3. About India

4. • 5,000 year old ancient civilization
• 325 languages spoken
• 18 official languages
• 29 states, 7 union territories
• 3.28 million sq. kilometers - Area
• 7,516 kilometers – Coastline
• Worlds largest democracy.
• Worlds 4th largest economy.
• World-class recognition in IT, bio-technology and space.
• 3rd largest standing army force, over 1.5Million strong.
• 2nd largest pool of scientists and engineers in the World.
About India

5. About India
• India is crowned by the great Himalayas in the
northern end and surrounded by huge oceans
on the other three sides. While the Arabian
Sea borders the south west side, the south
east is lulled by the Bay of Bengal and the
southern tip, and Kanya Kumari is washed by
the waves of the Indian Ocean.
• India shares its political borders with Pakistan
and Afghanistan on the west, Bangladesh and
Burma in the east, Nepal, China, Tibet and
Bhutan in the north.

6. About Indian economy
Various sectors:
1. Agriculture & Allied Sector
2. Industry Sector
3. Services Sector

7. About Indian economy
1. Agriculture & Allied Sector :
This sector includes forestry and fishing also. This sector is also known
as the primary sector of the economy. It is worth to mention that
agriculture sector provides jobs to around 53% population of India.
2. Industry Sector :
This sector includes 'Mining & quarrying', Manufacturing (Registered &
Unregistered), Gas, Electricity, Construction and Water supply. This is
also known as the secondary sectors of the economy.

8. About Indian economy
3. Services Sector:
Services sector includes 'Financial, real estate & professional services,
Public Administration, defense and other services, trade, hotels,
transport, communication and services related to broadcasting. This
sector is also known as tertiary sector of the economy.
This sector is the backbone of the Indian economy.

9. About Indian economy
• Contribution of major industries in GDP:
Industries Percentage
Automobile Industry 7
Pharmaceutical Industry 13
Bio-Technological Industry 2
Cement Industry 8
Iron and Steel Industry 2
Aviation Industry 0.5
Oil and Natural Gas Industry 15
Tourism Industry 9.5
Textile Industry 22
Electronics & Hardware Industry 25

10. About Indian economy
Particular Statistics
Exports $303.4 billion (2017-18)
Export goods Agricultural products 13.2%
Fuels and mining products 15.7%
Manufacturers 68.4%
Others 2.7%
Main export partners European Union 17.4%
United States 16.1%
United Arab Emirates 9.6%
Hong Kong 5%
China 4.2%
Other 47.8%

11. About Indian economy
Particular Statistics
Imports $465.6 billion (2017-18)
Import goods Agricultural products 7.1%
Fuels and mining products 33.1%
Manufacturers 47.8%
Others 12%
Main Import partners China 16.6%
European Union 10.4%
United States 5.7%
United Arab Emirates 4.9%
Saudi Arabia 4.6%
Other 57.9%

12. Economic Profile of
Jharkhand

13. Jharkhand (The land of forest)
• The 28th state of the Indian Union was brought
into existence by the Bihar reorganization Act
on November 15,2000- the birth anniversary of
the legendary Bhagwan Birsa Munda.
• The state shares its border with the states of
Bihar to the north, Uttar Pradesh to the
northwest, Chhattisgarh to the west, Odisha to
the south and West Bengal to the east. It has an
area of 79,710 km2.
• It was a summer capital of Bihar when it was
with Bihar before the partition. So the climate
is also good through out Jharkhand.

14. Jharkhand (The land of forest)
• The city of Ranchi is its capital and Dumka its sub capital.
• Largest city is Jamshedpur. Total Districts is 24.
• Cricket, Hockey and football are popular games with the people of
Jharkhand. Jharkhand has given some brilliant players.

15. Natural Resources
• Mineral are also major contributor to make it famous. Like Iron coal
mica any many more.
• At present, the State is having 29.61% of its total landmass under
forest cover.
• Jharkhand is endowed with vast natural resources specially the
different variety of minerals ranging from Iron ore, Copper ore, Coal,
Mica, Bauxite, Fire clay, Graphite, Kyanite, Sillimanite, Lime Stone,
Uranium and other minerals.

16. A leading industrial state in Eastern India
• Ranked 1st in Labor reforms and inspection related compliances in
India.
• Endowed with 40% of India’s mineral wealth. Leading producer of
steel, coal, mica and copper in India (1st rank in Iron ore, coal,
Uranium, Mica, Asbestos) lowest in India & Long history of industrial
harmony.
• 10.5% GSDP growth rate - Second fastest in Eastern India.
• Ranked 3rd in “Ease of Doing Business” in India.
• Ranked 5th Foreign Direct Investment (FDI) destination in India.

17. Key Industries
• Mining and mineral extraction
• Engineering
• Iron and steel
• Chemicals
• Handloom
• Food and beverages
• Plastics and rubber
• Printing and packaging
• Tourism
• Automotive
• Cement

18. Key Industries
Mining and Mineral EngineeringMining & Mineral Engineering Chemicals

19. Key Industries
Mining and Mineral EngineeringCement Automotive Agro-Based

20. Export Items
• Jharkhand exports include engineering goods, sericulture, handloom
and handicraft, lac ,refractories, cashew nut, cement ,mica,
agricultural products, iron and steel, automobile and automobile
components, shellac products.

21. Economic Profile of JORDAN

22. Geographical location
• Jordan is a relatively small country
situated at the junction of the
Levantine and Arabian areas of the
Middle East. The country is bordered
on the north by Syria, to the east by
Iraq, and by Saudi Arabia on the east
and south. To the west is Israel and the
occupied West Bank, while Jordan’s
only outlet to the sea, the Gulf of
Aqaba, is to the south. Jordan occupies
an area of approximately 96,188
square kilometers.

23. Geographical
• Capital : Amman
• Population of main cities: Amman
(1,349,260)
• Summer Time Period :Summer time from
March to September
• Official Language : Arabic.
• Other Languages Spoken :The Adhyge
language, the Domari language, Armenian.

24. Information
Motto
"God, Country, King”
"‫الملك‬ ، ‫الوطن‬ ،‫هللا‬"
al-Lāh, al-Waṭan, al-Malīk
King of Jordan
Abddullah 2 Currency :Jordanian dinar
1 Jordanian dinar = 102.4 INR

25. Climate
• Western Jordan has essentially a Mediterranean climate with a hot,
dry summer, a cool, wet winter and two short transitional seasons.
However, about 75% of the country can be described as having a
desert climate with less than 200 mm. of rain annually.
• Jordan can be divided into three main geographic and climatic areas:
1.The Jordan Valley,
2.The Mountain Heights Plateau,
3.The eastern desert, or Badia region.

26. Demographic Facts
• The 95-97% of Jordanians are Arabs, but there are many other ethnic
groups in Jordan. There are about 500,000 Iraqis, and over 500,000
Syrian refugees have moved to Jordan to escape violence in the last
two years. Assyrian Christians make up 0.8% of the population, most
of whom are Eastern Aramaic speaking refugees.

27. Demographic Facts
• Total Population:9,455,802
• Natural Increase:3.2%
• Urban Population:83.9%
• Density:107 Inhabitants/km²
• Literacy Rate:91.1%
• Muslims account for 82% of Jordan's population, 93% of which are
Sunni Muslims. This is the highest percentage of Sunni Muslims in the
world. There is a Christian minority of about 6%.

28. About Jordan
The city is famous for its rock-cut
architecture and water conduit
system. Another name for Petra is
the Rose City due to the colour of
the stone out of which it is carved.
The Dead Sea is 10 times as salty
as the ocean, with a salinity of
about 34%. So if you open your
eyes while in its water, it would
sting quite a bit.

29. Comparative Study of Economic Environment of
India and Jordan
No. Stat Jordan India
1 GDP($ billion) 89.05 9459.01
2 Global Rank GDP 88 3
3 GDP growth rate 2.3% 2.3%
4 Export ($ billion) 7.734 27.84
5 Import ($ billion) 17.61 45.24
6 Gross national saving 11.8% 29.01%
7 Population below poverty line 14.2% 21%
8 Labour force ($ million) 2.295 1316.01
9 Unemployment rate 16.5% 10%
10 Inflation rate 3.3% 6.49%
11 Population Global rank 91 2
12 Agriculture part in GDP 4.3% 47.41%
13 Industry part in GDP 28.9% 24.76%
14 Services part in GDP 66.8% 27.83%
15 Area(million square km) 1,680 3,287,000

30. Comparative Study of Economic Environment of
India and Jordan
INDIA
JORDAN
47.40%
43.00%
24.76%
28.90%
27.83%
66.80%
Chart comparison of GDP composition sector
Title
Agricultural Industry Services

31. Major Export
Items Values Percentage
Knit or Crochet clothing accessories $1.5 billion 20.1
Pharmaceuticals $668.2 million 8.9
Fertilizers $656.8 million 8.8
Salt, Sulphur, Stone, Cement $446.4 million 6
Inorganic Chemicals $384.6 million 5.1
Vegetables $379.6 million 5.1
Electrical machinery, Equipment $361.5 million 4.8
Plastics articles $270.0 million 3.6
Aircraft, Spacecraft $253.1 million 3.4
Machinery Including Computers $223.2 million 3

32. Major Import
Items Values Percentage
Mineral fuel $3.4 billion 16.7
Vehicles $2.1 billion 10.2
Machinery $2 billion 9.9
Electricity $1.2 billion 6
Plastic $708.1 million 3.5
Cereals $688.7 million 3.4
Germs , Precious metal $645.9 million 3.2
Pharmaceutical $557.2 million 2.7
Knitted or Crocheted fabric $515.1 million 2.5
Iron and Steel $422.7 million 2.1

33. Impact of Culture & Trade Agreement
• The customary greeting is ‘As-salam alaikum,’ (peace be upon you) to
which the reply is ‘Wa alaikum as-salam,’ (and upon you be peace).
• When entering a meeting, general introductions will begin with a
handshake. You should greet each of your Jordanian counterparts
individually, making your way around the room in an anti-clockwise
direction. Men should avoid shaking hands with a woman unless they
offer it first.
• It is important to maintain eye contact with your Jordanian
counterparts. Women do not tend to make direct eye contact with
unknown men in order to avoid unwanted attention.
Business Meeting Etiquettes in Jordan:

34. Impact of Culture & Trade Agreement
• MoU on Defence Cooperation.
• Cultural Exchange Programme (CEP)
• Customs Mutual Assistance Agreement
• MoU between PrasarBharati and Jordan TV
• Twining Agreement between Agra and Petra (Jordan)
• Visa waiver for diplomatic and official passport holders
• MoU for long term supply of Rock Phosphate and Fertilizer/NPK

35. Impact of Culture & Trade Agreement
• MoU for setting up of the next generation Centre of Excellence (COE)
in Jordan
• MoU for cooperation in the field of Health and Medicine between
India and Jordan
• MoU between University of Jordan (UJ) and ICCR regarding setting up
of a Hindi Chair at the University
• Cooperation between Indian Institute of Mass Communication (IIMC)
and Jordan Media Institute (JMI)

36. Impact of Culture & Trade Agreement
• King Abdullah II bin Al-Hussein of Jordan, who is on the last leg of his
three-day visit to the country, met Prime Minister Narendra Modi at
Hyderabad House on 1st march 2018. In the areas of defence, culture,
health and many others.
• India is Jordan's fourth largest trade partner after Iraq, Saudi Arabia
and China
• Jordan Phosphate Mines Company (JPMC) and Indian Farmers
Fertilizers Cooperative (IFFCO) established a joint venture project
worth USD 860 million for manufacturing Phosphoric Acid. This was
jointly inaugurated by King Abdullah II and then President Pranab
Mukherjee.
• Indians owned around 25 textile mills in Qualified Industrial Zones
(QIZs) in Jordan at a total investment of USD 300 million. These mills
employ over 10,000 people.

37. European Free Trade Association

38. HISTROY
• The European Free Trade Association (EFTA) was established on 3
May 1960 as a trade bloc-alternative for European states who were
either unable to, or chose not to, join the then European Economic
Community (now the European Union (EU).
• The EFTA Convention was signed on 4 January 1960 in Stockholm by
the “outer seven states” which includes Austria, Denmark, Norway,
Portugal, Sweden, Switzerland and UK.
• Today only Iceland, Norway, Switzerland, and Liechtenstein remain
members of EFTA.

39. About
The main tasks of the Association are
threefold:
• Maintaining and developing the EFTA
Convention, which regulates economic
relations between the four EFTA States;
• Managing the Agreement on the European
Economic Area (EEA Agreement), which brings
together the Member States of the European
Union and three of the EFTA States – Iceland,
Liechtenstein and Norway – in a single market,
also referred to as the “Internal Market”.
• Developing EFTA’s worldwide network of free
trade agreements.

40. Importance
• EFTA has several free trade agreements
with non-EU countries as well as
declarations on cooperation and joint
workgroups to improve trade.
• Headquarter : Geneva
• Official working language : English
• Types : Regional organization

41. Function
• It formed European Economic Area (EEA) by the agreement with EU.
• To achieve free trade in industrial goods among EFTA countries; to
cooperate with EU.
• To insure the implementation of agreements among the EFA-EFTA
member countries it has established a Surveillance Authority and
Court.
• The EEA agreement recognises EU rules on company law, consumer
protection, research, education environment etc.
• To ensure free movements of goods, services, capital and labor
throughout the EFTA and EU member countries.
• The main aim and objective of the EFTA is to eliminate internal
barriers in non-agricultural goods.

42. EFTA Countries & Members Countries

43. Facts
• Switzerland is a member of the EFTA, together with Liechtenstein,
Iceland and Norway.
• In 1960, the EFTA set up a free trade zone to promote trade and
economic cooperation between members (EFTA Convention).
• The EFTA Convention contains provisions on intellectual property,
among other things.
• Since the early 1990s, EFTA members have been negotiating free
trade agreements with third countries ; Switzerland has already
signed many such agreements.
• Together with the EU, the EFTA member states of Norway, Iceland and
Liechtenstein make up the European Economic Area (EEA).

44. Reference link
• http://www.ibef.org/economy
• http://www.ibef.org/states/tripura.aspx
• http://www.jharkhand.gov.in/
• http://www.cia.gov
• https://www.indexmundi.com/jordan/economy_profile.html
• http://worldpopulationreview.com/countries/jordan-population/
• https://currentaffairs.gktoday.in/india-jordan-ink-12-agreements-
03201853081.html
• http://www.efta.int/about-efta/european-free-trade-association

45. Thank you