COUNTRY SPECIFIC BUSINESS ANALYSIS

INDIA VS NIGERIA

Presented ByKeshaw Kumar Sahu

Comparison India Nigeria

Population 1,220,200,000 (2012) 170,123,740 (2012)

Population Growth Rate 1.312% (2011 est.) 2.553% (2011 est.)

Population Growth Rate 1.312% (2011 est.) 2.553% (2011 est.)

Birth rate 20.6 births/1,000 population (2011 est.)

39.23 births/1,000 population (2011 est.)

Labour Force 487.6 million (2011 est.)

48.53 million (2011 est.)

Population below poverty line

29.8% 45%

GDP $1.847 trillion $415 billion

GDP Growth rate 5.5% (Q1, 2012) 5.5% (Q1, 2012)

Comparison India Nigeria

DGP Per Capital $1,514 (nominal: 139th) $2,500

GDP by Sector agriculture: 17.2%, industry: 26.4%, services: 56.4%

agriculture: 40%; services: 30%; manufacturing: 15%; oil: 14%

Currency 1 Indina rupee (INR)=m100 Paise

Nigerian naira (N) (NGN)

Exports $299.4 billion $45.43 billion

Exports Goods petroleum products, precious stones, machinery, iron and steel, chemicals, vehicles, apparel

petroleum and petroleum products 95%, cocoa, rubber, machinery, processed foods, entertainment

Imports $461.4 billion $42.1 billion

Main Imports China 12.1%, UAE 8.3%, Saudi Arabia 5.8%, US 5.1%, Switzerland 4.7%

China 16.1%, Netherlands 11.3%, United States 9.8%, United Kingdom 6.2%, South Korea 6.1%, France 5.1%, Germany 4.4%

Public Finances

   

Revenues $196.4 billion (2011 est.) $10.49 billion

Public Debt

68.05% of GDP 17.8% of GDP

Expenses

$308.8 billion $18.08 billion

Foreign reserves

$295.29 billion $33 billion

Culture Issue

   

Religions Hindu 80.5%, Muslim 13.4%, Christian 2.3%, Sikh 1.9%, other 1.8%, unspecified 0.1%

Muslim 50%, Christian 40%, indigenous beliefs 10%

Languages

Hindi(official), English(Subsidiary official), Bengali, Telugu, Marathi, Tamil, Urdu, Gujarati, Kannada, Malayalam, Oriya, Punjabi, Assamese, Maithili, Chhattisgarhi, Others

English (official), Hausa, Yoruba, Igbo (Ibo), Fulani, over 500 additional indigenous languages

Literacy definition: age 15 and over can read and write total population: 61% male: 73.4% female: 47.8%

definition: age 15 and over can read and write total population: 68% male: 75.7% female: 60.6%

School life expectancy(primary to tertiary)

total: 10 years male: 11 years female: 10 years

total: 9 years male: 10 years female: 8 years

Political Issues

   

Govt. Types federal republic federal republic 

Energy Stats    

Coal Consumption

399,000,000 70000

Coal>Production

407013000ton 8000ton

Currency - value in relation to USD over the past two years on a monthly basis.

Month INR/USD NGN/USD

December 2010 0.0218 0.0065

January 2011 0.0217 0.0065

February 2011 0.0218 0.0065

March 2011 0.0219 0.0064

April 2011 0.0222 0.0065

May 2011 0.0221 0.0063

June 2011 0.0220 0.0064

July 2011 0.0223 0.0065

August 2011 0.0219 0.0065

September 2011 0.0208 0.0064

October 2011 0.0200 0.0062

November 2011 0.0196 0.0065

December 2011 0.0187 0.0061

January 2012 0.0191 0.0061

February 2012 0.0201 0.0062

March 2012 0.0196 0.0063

April 2012 0.0190 0.0063

May 2012 0.0182 0.0063

June 2012 0.0178 0.0061

July 2012 0.0180 0.0061

August 2012 0.0180 0.0063

September 2012 0.0184 0.0063

October 2012 0.0189 0.0063

TOPOGRAPHY OF INDIA

India the seventh largest country in the world , is well marked with off from the rest of Asia by mountains and the sea, which gives the country a distinct geographical entity. It covers an area of 32,87,2631 sq.km. Bounded by the great Himalayas to the north , it stretches southwards and at the Tropic of Cancer, tapers off in the Indian ocean between the Bay of Bengal on the east and the Arabian sea to the west.

Topography of Nigeria

The topography of Nigeria consists of plains in the north and south interrupted by plateaus and hills in the centre of the country. The Sokoto Plains lie in the northwestern corner of the country, while the Borno Plains in the northeastern corner extend as far as the Lake Chad basin. The Lake Chad basin and the coastal areas, including the Niger River delta and the western parts of the Sokoto region in the far northwest, are underlain by soft, geologically young sedimentary rocks.

Climatic conditions of India

India has 'Tropical Monsoon' type of climate. The word monsoon has been derived from the Arabic word 'Mausim' which means seasonal reversal of the winds during the course of the year.

Climatic conditions of Nigeria

Nigeria enjoys the humid tropical climate type. Because of its location just north of the equator, Nigeria enjoys a truly tropical climate characterised by the hot and wet conditions associated with the movement of the Inter-Tropical Convergence Zone (ITCZ) north and south of the equator.

Indian TradeIndia is an important trade partner for the EU and a growing economic power. With a growthrate of between 8 and 10% per year it is one of the fastest growing economies in the world. Per capita income more than doubled during the period 1990-2005. In parallel, in just four years, EU-India trade has increased by 31% to over €53 billion in 2009 and EU investment to India has more than quadrupled since 2003 to €3.1 billion in 2009.

Internal Trade Barriers in India

NigeriaTariff and tariff administration

Barriers to customs procedures

Sources

http://www.indian.govt.in

http://www.ngex.com

http://www.Nationmaster.com

http://www.Wikipedia.com

http://www.oanda.com

http://www.oifc.in

http://www.ghanabusinessnews.com

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