India at a glance
Publish Date:2007-01-17
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General information Main imports: Crude oil, machinery, gems, fertilizer, chemicalsMain import partners: China, US, Switzerland, Belgium Main exports: Textile goods, gems and jewelry, engineering goods, chemicals, leather manufacturesMain export partners: USA, UAE, China, Hong Kong, UK, SingaporeCurrency: Indian rupee (INR)Local time: GMT +5:30International dialing code: 91IntroductionRepresenting less than 1 percent of the world? trade, India has America, the United Arab Emirates and China as its major trade partners. While primarily exporting jewels, fabrics, clothes, leather and carpets, India? main imports are oil, precious stones, chemical products and computer equipment. Ranked fourth within the world for agricultural production, India leads the world in terms of livestock and is one of the leading producers of milk, fruits, vegetables, wheat, tea, cotton, sugar and rice. Textiles and chemicals continue to play a major role within the economy, and coal is the country? main energy source. As India? technology sector is experiencing continuing expansion, and the exporting of high-tech services is also on the rise. Business etiquetteAs India is both a multicultural and multi-religious society it is wise to avoid trying to schedule meetings during one of its many religious and secular holidays, especially those that are celebrated over numerous days. In general, the Indian business community mainly follows international practices when doing business and is competent in English language, managerial, technical, and negotiation skills.It is expected that business cards will be exchanged at meetings and that a formal manner of address be adopted. Government offices observe a five day working work; however, private companies have either a five or six day week.Source: Austrade and The World Fact Book |
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