Posts

Showing posts with the label economic

India Switzerland Bilateral Relations

Image
Switzerland and India have had cordial and friendly relations since India became independent. The relationship is based on shared values of democracy, multiculturalism and the rule of law. Independent India’s policy of non-alignment and Switzerland’s traditional policy of neutrality helped to develop a close understanding between the leaders of the two countries in the early years. A Treaty of Friendship between India and Switzerland was signed at New Delhi on August 14, 1948, one of the first such treaties to be signed by the independent India. The Treaty provided for the establishment of diplomatic missions between the two countries and diplomatic missions were opened in Berne and Delhi soon after its conclusion. During the course of 2008, India and Switzerland celebrated the 60th anniversary of the signing of the Friendship Treaty, an important milestone in the annals of our bilateral relations. In recognition of the growth of multi-faceted bilateral relationship in the past six...

India Singapore Relations

 India Singapore Political Relations India and Singapore have a cordial relations and bilateral relationship based on convergence of strong economic and political interests. The process of economic growth and economic reforms in India since the early 1990s created a strong basis for cooperation with Singapore, opening up possibilities for significant presence in each others’ economies. For India, Singapore has also played an important role in reconnecting us to the countries of South East Asia and beyond. As pluralistic societies, the two nations share similar concern about the challenges posed by terrorism and religious extremists and have therefore found it mutually beneficial to evolve a broad framework of security cooperation. Singapore, led by then PM Goh Chok Tong, took a major interest in India’s economic reforms in the 1990s. He visited India in 1994 as the Chief Guest at our Republic Day celebrations. A reciprocal visit by PM Shri Narasimha Rao took place in September ...

India Israel Relations

Image
On 17 September 1950, India announced recognition of Israel. Soon after India’s recognition of Israel, the Jewish Agency established an immigration office in Bombay. This was soon converted into a Trade Office and later a Consulate. Sporadic governmental contacts continued between India and Israel in the fifties and early sixties, including visits by several Israeli and Indian ministers. Following decision to establish diplomatic relations, Israel opened its Embassy in Delhi in February 1992 and India opened its Embassy in Tel Aviv on 15 May 1992. Since then relations have seen rapid growth across a broad spectrum. Recent important high level visits from India include that of Chief Minister of Punjab Shri Parkash Singh Badal and Chief Minister of Himachal Pradesh Shri Prem Kumar Dhumal in November 2009; Minister of State for Commerce and Industry Shri Jyotiraditya Scindia in February 2010; Minister of State (I/C) for Science & Technology Shri Prithviraj Chavan in March 2010; Membe...

India Japan Relations

Image
India Japan relations have undergone a significant and qualitative shift in recent years, propelled by the successful regular summit level exchanges. From Japan, the then Prime Ministers Koizumi, Abe and Hatoyama visited India in April 2005, August 2007 and December 2009 respectively. From India , Indian Prime Minister Dr. Manmohan Singh visited Japan in December 2006, October 2008 and again in October 2010. India Japan Cordial Relations The establishment of the Strategic and Global Partnership between India & Japan in December 2006 elevated relations to a new level. This Partnership is based on five pillars of cooperation viz., India Japan Political Relations , India Japan Defence and Security Cooperation ; Comprehensive Economic Partnership; Science and Technology Initiative; People-to-People exchanges and cooperation in Regional/Multilateral fora. During the visit of PM Abe to India in August 2007, a Roadmap for New Dimensions to the Strategic and Global Partnership ...

India Germany startegic Relations

Image
Germany is the most populous country in Europe and contributes to 23 % of the EU budget. It is India’s biggest trading partner in Europe and the 5th biggest trading partner in the world. Germany is also India’s second largest technology partner. India was amongst the first countries to recognize Federal Republic of Germany (FRG) after the Second World War. In 2011, we are celebrating 60 years of establishment of diplomatic relations between India and the FRG. Our relationship, based on common values of democracy, peace and rule of law, intensified after the German Re-unification in 1990. There has been a rapid growth in trade and economics with bilateral trade reaching Euro 15.44 billion in 2010. The two countries also work together in various international forums including the UN, G-4 and G-20. In 2011-12, India and Germany are both non-permanent members in the UNSC, which provides a new area for cooperation. India Germany bilateral visits Bilateral exchanges, including at the...

India China Political Relations

Image
India and China have had ancient civilizational contact. In recent times, the process of development and diversification of bilateral relations has gathered pace. The focus is on enhancing mutually beneficial cooperation while simultaneously addressing differences. India China Political Relations The People’s Republic of China (PRC) was established on October 1, 1949, and India was the second non-communist country to recognize it. Within a few months, on April 1, 1950, India and China established diplomatic relations. The two countries also jointly expounded the Panchsheel (Five Principles of Peaceful Co-existence) in 1954. Chinese Premier Zhou Enlai visited India in June 1954 and Prime Minister Nehru visited China in October 1954. The circumstances leading to the attack by China in 1962 led to a serious setback in bilateral relations. India and China restored ambassadorial relations in August 1976. Higher political level contacts were revived by the visit of the then External Af...

Indian Economy Objectives , Scope and Methodology of Economic Reforms in India

Image
India’s Economic reform programme began in the middle of a macroeconomic crisis that erupted in early 1991.* This led to what is known as the New Economic Policy announced by the Govt. of India in July 1991, which was also followed by the announcement of the New Industrial Policy, which included the abolition of the location policy. During the last decade the Govt. of India have initiated as well as implemented a number of economic and financial reforms in various sectors of the Indian Economy. These reforms are mostly related to the process of Liberalization, Privatization and Globalization of the Indian Economy. The most important impact of this LPG model on the Indian Economy has been a very high rate of growth of Gross Domestic Product, ranging between 7% and 8.2%. India has never achieved such a high growth rate of the economy since Independence in 1947. This could be considered as a major achievement of the country during the last decade. Jobless Growth: But, this high ra...

Indian Economy and Employment for the Eleventh Five Year Plan for India

Technical Note on Employment for the Eleventh Five Year Plan (2007 – 2012) Report submitted to Planning Commission (Labour, Employment & Manpower Division)1 1 Planning Commission Order No.P-12099/6/08/LEM/ERS dated May 27, 2008, placed at Appendix II, refers. Fore Word This 'Technical Note on Employment for the Eleventh Five Year Plan' presents the quantitative basis for determining the targets and projections on employment, and the related variables given in the Eleventh Five Year Plan document. While, in principle, each Chapter of the Plan document has an 'employment dimension', three Chapters of the Plan document that relate directly to this subject are: Employment Perspective and Labour Policy Skill Development and Training Social Security of Workers (Volume I, Chapter 4) (Volume I, Chapter 5) (Volume II, Chapter 4.2) 2.Preparation of the Five Year Plan Document commences with the release of an 'Approach Paper'. A Steering Committe...