Category: Markets
Top Debtor Nations
International Monetary Fund in association with the World Bank, Organization for Economic Co-operation and Development (OECD), and the Bank for International Settlements (BIS) collects and circulates data on external debt of different countries. The data are obtained from creditors, national sources and market operators. Data on external debts and foreign assets are important measurements of economic stability of nations. This data also facilitates macroeconomic analysis and authenticates economic comparisons between two countries.
Indo-United Kingdom Economic Relation
India was a British colony for over 200 years till it achieved independence from the United Kingdom on August 15, 1947. India and UK’s trade relations have undergone a massive change from the colonial period. Once perceived as a less developed country, India had transformed itself into the fastest growing economies of the world currently. It is not hidden that India is world’s fourth largest economy in purchasing power parity terms and UK is the 4th in GDP dollar terms.
TRADE
Banks in The United Kingdom
While the United Kingdom has a very well-developed banking system with finance and related businesses making up a major part of the economy, there are relatively few banks in the UK. This is because the banking system in Britian has been highly-consolidated since the early 1900s.
Many other large economies and nations have a wide range of smaller, independent regional banks, but the UK has few.
