22.+India's+Future

Austin P. Ben H. Justin Y. Karlie W. Kyle F. Mitchell W.
 * MEMBERS:**

1.How did geography make India an ideal trade center? - According to chart 3, the silk road followed India's border rivers all the way to the ocean where nautical trade took over. India had many ports and harbors on its coastline. Also, India is located directly between China and the Middle-East.
 * ESSENTIAL QUESTIONS:**

2.How will India be an important trade center in the future? Future success depends on economy. A poor country, India's per capita gross domestic product only is $941 - 2 percent of the U.S. It is the poorest of the world's large nations. About 85 percent of the population survives on less than $2.50 per day. http://www.lancastereaglegazette.com/article/20090510/OPINION02/905100313

3.How was India important to the ancient global economy? India was an important factor to the Silk Road and the Silk Road was a very important factor to the ancient global economy because it was how objects as well as ideas were spread or traded.

4.What are some of India's trade partners? Saudi Arabia, Switzerland, Japan, Germany, United Kingdom, and Australia

5.When did India emerge as a trade center?

6.What are India's major imports and exports? - Filed under India's imports and exports.

7.What is India's current economic situation? Despite the current crisis or inflation Spira development, India's growth is robust and Irreversible": summarized as Praful Patel, Vice President-South Asia from the World Bank, recently the current economic situation in India together. According to official statistics, the Indian economy in the period 2005-2006 and 2006-2007 respectively, a growth of 9.6% and 9.4% known. This way, India his position as the country with the second fastest growing economy in the world (after China). For 2007-2008 and 2008-2009 expectations remain positive, but the fit analysts issued a resistant growth (including the IMF) recently forecasts downwards. http://sensex-bsestocks.blogspot.com/2008/11/economic-situation-in-india.html

8.How did India become one of the trade giants of BRIC?(Brazil, Russia, India, and China)

BRIC is an acronym standing for Brazil, Russia, **//__India__//**, and China. These countries are linked by the fact that the y are some of the fastest growing economies in the world right now. During the current recession, their economies have either continued growing (at a diminished rate) or plateaued. These four trade giants are a threat or an asset to the American economy, depending on your viewpoint.
 * A brief explanation of BRIC:**

- India has been known as an overpopulated, and relatively poor country, but recently, India's economy has been on the rise. This rise has reduced poverty in this country by 10% in the past 3 years with a 9% rise in the overall economy. This economy has grown consistently by 7+% in the past decade. This shows that India could potentially be an economic superpower in the future.

//**India's imports and exports:**// Below are American imports from India in 2006 with the highest percentage sales increased from 2005. Of the $10.1 billion in American exports to India, in 2006, the following product categories had the highest values. Below are American exports to India in 2006, with the highest percentage sales increased from 2005.
 * 1) Cotton household furnishings & clothing …US $3.5 billion (16.1% of India to U.S. exports, up 13.5% from 2005)
 * 2) [|Diamonds] … $3.3 billion (14.9%, up 5.8%)
 * 3) Jewelery (e.g. watches, rings) … $2.4 billion (11.1%, up 37.4%)
 * 4) [|Medicinal, dental and pharmaceutical preparations] … $799.2 million (3.7%, up 47.7%)
 * 5) Semi-finished iron & steel products … $735.3 million (3.4%, up 101.1%)
 * 6) Non-cotton household furnishings & clothing … $668.6 million (3.1%, down 14%)
 * 7) Textile floor coverings (e.g. rugs) … $602.5 million (2.8%, up 11.9%)
 * 8) Industrial machinery … $431.2 million (2.0%, up 25.6%)
 * 9) Industrial organic chemicals … $398.5 million (1.8%, up 19.9%)
 * 10) Generators, transformers & accessories ... $398 million (1.8%, up 144%)
 * //Fastest-Growing Indian Exports to U.S.//**
 * 1) Zinc … US$42.4 million (up a staggering 51,000% from 2005)
 * 2) [|Sugar] … $3.1 million (up 25,400%)
 * 3) Steel-making materials … $3.3 million (up 286%)
 * 4) Precious metals … $12.4 million (up 226%)
 * 5) Rubber … $11.3 million (up 192%)
 * //Indian Imports from U.S.//**
 * 1) Civilian aircraft … US$1.4 billion (14.1% of India from U.S. imports, up 169.6% from 2005)
 * 2) Diamonds … $621.2 million (6.2%, up 33%)
 * 3) Chemical fertilizers … $608 million (6.0%, up 25.5%)
 * 4) Telecommunications equipment … $486 million (4.8%, up 4.9%)
 * 5) Organic chemicals … $410.4 million (4.1%, up 10.5%)
 * 6) Other petroleum products … $336.8 million (3.3%, up 55.7%)
 * 7) Computer accessories … $311 million (3.1%, up 19%)
 * 8) Jewelery … $285.5 million (2.8%, up 31.5%)
 * 9) Medicinal equipment … $259.4 million (2.6%, up 17.3%)
 * 10) Industrial machines … $251.1 million (2.5%, up 21.5%)
 * //Fastest-Growing Indian Imports from U.S.//**
 * 1) Military vehicles … US$11.6 million (up 232,000% from 2005)
 * 2) Military clothing & footwear … $30.1 million (up 68,000%)
 * 3) Collectibles (e.g. artwork, antiques, stamps) … $43.2 million (up 513.5%)
 * 4) Engines for military aircraft … $13.1 million (up 281.9%)
 * 5) Civilian aircraft … $1.4 billion (up 169.6%)

** Read more: ** "Top Indian Exports & Imports: Most Popular Products Traded Between India & America | Suite101.com" - []

chart 1 Pictures we may use: http://www.metrics2.com/images/2q2006/060601_india_gdp1q06.gif http://beyondvc.typepad.com/photos/uncategorized/csu168_1.gif chart 2 http://historyofscience.com/G2I/timeline/images/silk_road_map_big.JPG chart 3

http://esensualsilk.com/images/silk_road_map_L.jpg chart 4

Our group project was to explore the past, present, and future of India. We studied it's economic growth as a country. India started off as a major part, if not the most important part, of the Silk Road. Without India being there, trade would have been pushed back in history. Next we looked into what is happening in the global economy now, and what influence India has on it. India is rapidly increasing in population, and with the increase in population, the economic growth is increasing too. We looked into the predicted future of India next. Most people believe that, in population, it will exceed China in the next 15 years. People believe it will play a crucial part in the Global Economy in the future. Looking at India's past, I can say that is a safe bet.