TRADE OPENNESS OF INDIA CHINA AND PAKISTAN WITH STATS

1. School of Law and Legal Studies

2. TRADE OPENNESS
PROJECT BY :- SUBMITTED TO :-
UDAY SHANKAR
(BBA-LLB) 5th SEMESTER

3. CONTENT
• WHAT IS TRADE OPENNESS
• INDIAN ECONOMY
• INDIA EXPORT & IMPORT CHART
• MAKE IN INDIA
• CHINA ECONOMY
• CHINA ECONOMY STATS & GRAPH
• PAKISTAN ECONOMY STATS & GRAPH

4. What is trade openness ?
Trade openness refers to the outward or
inward orientation of a given country's
economy. Outward orientation refers to
economies that take significant advantage of
the opportunities to trade with other
countries. Inward orientation refers to
economies that overlook taking or are unable
to take advantage of the opportunities to trade
with other countries. Some of the trade policy
decisions made by countries that empower
outward or inward orientation are trade

5. INDIAN ECONOMY
The economy of India is the seventh-
largest economy in the world
measured by nominal GDP and
the third-largest by purchasing power
parity (PPP). The country is classified
as a newly industrialised country, one
of the G-20 major economies, a
member of BRICS and a developing
economy with an average growth rate

6. Exports $321.5 billion: merchandise
exports
$155.6 billion: services exports
$477.1 billion: Total (2014)
[20]
Main
export
partners
European Union 16.3%(2014)
[20]
United States 13.4%
United Arab Emirates 10.4%
China 4.2%
Hong Kong 4.2%

7. Imports $463 billion: merchandise imports
$146.9 billion: services imports
$609.9 billion: Total (2014)
Main import
partners
China 12.7% (2014)
[20]
European Union 10.5%
Saudi Arabia 7.1%
United Arab Emirates 5.9%
Switzerland 4.6%

9. Make in India is an initiative launched by the Government of India to encourage multi-national, as well as
national companies to manufacture their products in India. It was launched by Prime Minister Narendra
Modi on 25 September 2014. India hoped to emerge, after initiation of the programme in 2015 as the top
destination globally for foreign direct investment, surpassing the United States of America as well as
the People's Republic of China.
In 2015, India received US$63 billion in FDI.

10. CHINA ECONOMY
• China's socialist market economy is the world's second
largest economy by nominal GDP, and the world's
largest economy by purchasing power parity according
to the IMF, although China's National Bureau of Statistics
rejects this claim. Until 2015 China was the
world's fastest-growing major economy, with growth
rates averaging 10% over 30 years. Due to historical and
political facts of China's developing economy, China's
public sector accounts for a bigger share of the national
economy than the burgeoning private sector.
• China is a global hub for manufacturing, and is the
largest manufacturing economy in the world as well as
the largest exporter of goods in the world.China is also
the world's fastest growing consumer market and second

11. Export
s
$2.28 trillion (2015)
Export
goods
Electrical and other
machinery, including
data processing
equipment, apparel,
textiles, iron and steel,
optical and medical
equipment. As well as
almost every single
category of industrial
products.
Main
export
partner
s
United States 16.9%
Hong Kong15.5%
Japan6.4%
South Korea4.3%
(2014 est.)
Imports $1.68 trillion
(2015)
Import
goods
Electrical and
other machinery,
oil and mineral
fuels, optical and
medical
equipment, metal
ores, plastics,
organic chemicals
Main
import
partners
South Korea 9.7%
Japan 8.3%
United
States 8.1%
Taiwan 7.8%
Germany 5.4%
Australia 5%

13. PAKISTAN ECONOMY
• The economy of Pakistan is the 25th largest in the
world in terms of purchasing power parity (PPP),
and 38th largest in terms of nominal gross domestic
product. Pakistan has a population of over 190
million (the world's 6th-largest), giving it a
nominal GDP per capita of $1,550, which ranks 141st
in the world. However, Pakistan's undocumented
economy is estimated to be 36% of its overall
economy, which is not taken into consideration
when calculating per capita income. Pakistan is a
developing country and is one of the Next Eleven,
the eleven countries that, along with the BRICS,
have a potential to become one of the world's
large economies in the 21st century.

14. Exports Total $30 billion (2014-15
est.), Goods $24.131
billion, Services $5.741
billion
Export
goods
Textiles ($13,653 million)
Vegetable
Products ($3,094 million)
Mineral ($1,698 million)
Leather ($1,237 million)
Food and Beverages ($956
million)
Animal Farming ($756
million)
Manufactured Items ($571
million)
Metals ($531 million)
Plastic ($505 million)
Chemical ($489 million)
Main
export
partners
United States 13.3%
China 10.9%
United Arab Emirates8.6%
Afghanistan 8.5%
Germany 5.1%
Imports $41.668 billion (2013-
14 est.)
Import goods Food $4.15 billion
Machinery $5.05 billion
Transport Vehicles
$1.66 billion
Textile $2.29 billion
Fertilizers and other
chemicals $6.86 billion
Raw metal $2.7 billion
Refined Petroleum
$9.02 billion
Crude Petroleum=$5.75
billion
Main import
partners
China 17%
United Arab
Emirates15%
Kuwait 8.8% (2012
est.)
Saudi Arabia 8.5%
Malaysia 4.8%