Country Report Research Paper Example | Topics and Well Written Essays - 1250 words

Country Report - Research reputation ExampleIndias agricultural industry makes up 18% of the countrys GDP and just about 66% of the national population relies on this industry for a source of living (Hanko Hackberry throng n.d.). An excellent information technology industry leads the services sector in India.Indias muckle dearth reached $16.86 billion in November 2014, which is the highest since early 2013 (Sedghi 2013). This shortfall is below November 2013s record of $10.6 billion, as well as the markets projected deficit of $15.6 billion. Imports increased 26.79% annually and exports rose 7.27% (Pawar and Veer 57). This made Indias balance of trade average at $1.932 billion in 2014 from 1957 with record tops and lows in 1977 and 2012 of $258.9 zillion and $-20.211 billion respectively (Hanko Hackberry conference n.d.). This trade shortfall reached a seven-month maximum of $131.5 billion in September 2014. An outstanding reduce in exports drove the rise in Indias trade shor tfall. opposed sales tapered by 5% yearly in October 2014, which compared to the 2.7% growth of September. At the same time, imports slowed quite a little significantly from a 26% increase in September to a poor 3.6% growth in October 2014 (Sedghi 2013). This notable decline in imports echoed a restraint in gold demand and a decline in oil imports.Indias Foreign Trade (Development and Regulation) Act has been regulating imports and exports since 1992. This act gave the government massive regulation powers over the countrys trade operations. The countrys overall commodity trade rose more than three times from 2006s $252 billion to 2012s $794 billion (Hanko Hackberry Group n.d.). A majority of Indias exports have been moving to Asia and Africa with Asias share growing to 51.6% between 2011 and 2012 from 2001 and 2002s 40.2% (Sedghi 2013). Europe, as a destination of Indias exports, saw a deceleration from 24.7% in 2001 and 2002 to 19% in 2011 and 2012. Indias main export commoditie s were