INDIA’S TRADE RELATIONS WITH FRANCE

SA’AD SHAIKHT.Y.BBM(IB)ROLL NO: 25

AKANKSHA MATHURT.Y.BBM(IB)ROLL NO: 26

FATEMA HARNESSWALAT.Y.BBM(IB)ROLL NO: 27

ECONOMIC HISTORY OF FRANCE

The Napoleonic Era (1795 – 1815) Industrialization (1815 – 1870) Total War (1870 – 1945) Post-War (1945 – 2000)

– The reconstruction and the Welfare State– Monnet Plan– Les Trente Glorieuses– The economic crisis

Current Scenario (2000 – 2011)

COMPARISION OF FRENCH AND INDIAN ECONOMY

FRANCE INDIA

POPULATION 65,447,374 1,190,340,000

GDP (NOMINAL) $2.784 trillion ($46,037 per capita)

$1.367 trillion ($1,124 per capita)

MILITARY EXPENDITURES $68.5 billion (FY 2008-09) $32.7 billion (FY 2009-10)

GDP GROWTH RATE 1.9% (09/10) 8.9% (2010, Q2)

INFLATION 1.5% (2010 est.) 8.43% (December 2010)

POPULATION (BPL) 4.2% (2004) 37% (2010)

UNEMPLOYMENT 9.7% (December 2010) 9.4% (2009–10)

LABOUR FORCE BY OCCUPATION

services (71.8%), industry (24.3%), agriculture (3.8%) (2009)

agriculture (52%), industry(14%), services (34%) (2009 est.)

EXPORTS $508.7 billion (2010 est.) $210 billion (2010 est.)

IMPORTS $577.7 billion (2010 est.) $327 billion (2010 est.)

GROSS EXTERNAL DEBT $4.698 trillion (30 June 2010)

$237.1 billion (2010 est.)

FOREIGN EXHANGE RESERVES

$133.1 billion (31 December 2009 est.)

$300 billion (November 2010 est.)

Trade Relations Between India and France (Timeline)

YEAR EVENT

1947 Establishment of diplomatic trade relations after Indian independence

1954 Negotiation of peaceful transfer of Pondicherry and other French enclaves

1998 French President Jacques Chirac’s high-profile visit to India expressing desire to build an “ambitious relationship”

1998 France, Russia and Israel – only countries not to condemn India’s decision to go Nuclear

2003 France largest supplier of Nuclear fuel and technology, also large military and economic trade partner. Very strong support from France for India in its bid for permanent seat in the UN Security Council

2008 First country to sign nuclear cooperation deal with India

2011 France is the seventh-biggest foreign investor in India (total of approximately USD 750 million). More than 300 French companies established in India, employment of over 40,000 people.

2012 Both states aim to increase bilateral trade from 6.5 billion euros to 12 billion euros

Trade Relations Between India and France (Share)

The Federation of Indian Chambers and Commerce (FICCI) and UBIFRANCE - the agency for international business development, under the Ministry of Economy, Finance and Industry, France, are the prime facilitators of trade and business between each other

FICCI and UBIFRANCE represent the trade and business community of their respective countries

France holds approximately 1.7% of market share in India, making it India’s 15th supplier and 11th customer

After exceeding the one billion euro mark in 2001, French exports increased sharply in 2004 (+29%) and in 2005 (+42%), for a total of nearly €3 billion in 2007

France is the seventh-biggest foreign investor in India (total of approximately USD 750 million)

Trade Relations Between India and France (FDI)

Major sectors attracting FDI from France to India are:– Agro- industries

– Power

– Environment

– Drugs and pharmaceuticals

– Auto parts

– Hydrocarbons

– Telecommunications

– Infrastructure

– Information technology The major French companies involved in the flow of FDI from France to India are Thomson

Multimedia, ALCATEL, France Telecom, ALSTOM and GTME France Telecom has entered into partnership with Sema Group and BPL Alcatel has made investments in the telecommunications sector in Chennai, Gurgoan, and

Bangalore FDI from France to India has also come in the infrastructure sector which has gone mainly

in the development of railways and roads The other French companies that are active in the infrastructure sector of India are

ALSTOM, CORYS TESS, and ALCATEL The major French brands that have entered the Indian consumer sector are Gotier,

Baccarat, Louis Vuitton, ST Dupont, Christian Dior, Ninna Ricci, Lalique, and Daum

Trade Relations Between India and France

Indian Exports to France

India France Defense Cooperation

Indian Merchandise Exports to France

Indo French Chamber of Commerce and Industry

Indian Agro Exports to France

Indian IT Exports to France

India France Tourism

Higher Education in France for Indian Students

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