Category: Markets
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
Philippines – Fast Facts
Philippines is a lower middle-income economies coming under the East Asia and Pacific region as to the classification made by the World Bank on the basis of income and region for the year 2006.
The country’s economy is largely dependent upon the industries and services sector. The services sector constitutes more than 50% of the GDP followed by the industries.
Singapore – Fast Facts
Singapore comes under the Other High Income Group countries as to the classification made by the World Bank on the basis of income.
Singapore has a well-developed economic structure with a free market system. Both business environment and infrastructure are the key behind economic success for the country. The services sector has largest contribution to the country’s GDP followed by the industries.
Turkey – Fast Facts
Turkey is an upper middle-income economy comes under the Europe and Central Asian region, as to the classification made by the World Bank on the basis of income and region for the year 2006.
Economic growth rate of the Turkey is impressive in the recent years. The country possesses a larger expanded private sector. The services sector contribute s a larger portion to the country’s GDP followed by the industrial sector.
Vietnam – Fast Facts
Vietnam is a Lower income economy comes under the East Asia and the pacific region, as to the classification made by the World Bank on the basis of income and region for the year 2006.
Agriculture, Industry and services sector have equal importance in the contribution to the total Gross Domestic Product in the country. The tourism sector is doing well in the recent years.
China – Fast Facts
China is a Lower Middle Income economies coming under East Asia and Pacific Region as to the classification made by the World Bank on the basis of Income and region for the year 2006.
China Government in the year 1978 has brought tremendous success for the country’s economy.
