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Presentation by H.E. Mr. Ashok Sajjanhar Ambassador of India to Sweden & Latvia at Lund University Edens hörsal, Paradisgatan 5, Lund 06 Oct 2011
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POPULATION – 1.2 Billion (Second largest in the world & 17.3% of the World population) AREA - 3,287,263 sq kms (7,516 kilometers - Coastline ) (Seventh largest in the world and 2/3 of Europe) CIVILISATION dates back to 3000 BC (One of the World’s oldest civilisations)
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India – An ancient civilisation but a young nation! 28 major languages & 1650 dialects. Secular state: Home to major religions of the world: Hindus, Muslims, Christians, Buddhist, Sikhs, Jains, Jews Zoroastrians,...
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Social and Political Revolutions Rule of law based on Justice, Freedom, Equality and Fraternity Greater representation to Women in Parliament Democracy through Panchayat Raj, State Assemblies and Parliament Economic revolution Land Reforms Right to Education Act Liberalisation Right to Information Act Food Security Legislation Mahatma Gandhi National Rural Employment Guarantee Act
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Source: RBI, Ministry of Finance(Govt of India), Trading Economics.com Annual GDP Growth adjusted by Inflation
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Source: IBEF, RBI, Ministry of Finance(Govt of India) *As on September 16, 2011 it is US $317 billion US$ Billion
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Cumulative amount of FDI equity inflows from April 2000 to May 2011 stood at US$ 205.96 billion Source: IBEF, RBI, DIPP US$ Billion FDI equity inflows for June 2011 stood at US$ 5.69 billion (11 year high)
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Source: IBEF, RBI, DIPP US$ Billion Crossed US$ 100 billion in October 2010
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Source: Department of Commerce, Govt of India India’s exports to touch US $ 500 billion by 2015 Exports registered 82% rise in July 2011 US$ Billion
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India's imports in July 2011 were US $ 40.4 billion registering a growth of 51.5% Source: Department of Commerce, Govt of India US$ Billion
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Demographics -India is among the world‘s youngest nations with a median age of 25 years as compared to 43 in Japan and 36 in the US. -India has third largest pool of scientific and technical manpower in the world - Large English Speaking Population -In 2025, more than 55 per cent of the population of India would be of working age. - With a large working population, India can continue to be competitive globally. Projected Median Age in 2025 Source: World Population Prospects, 2010, UN Over 60 7.5% Between 20-59 years 50.7% 0-19 years 41.8% Demographic Dividend Human Capital
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Evidence shows that Swedish ships were in India in mid 18th century Ship ”Götha Leijon” was in Surat Sept 1750 – Feb 1751 In 1903 India’s first telephone exchange was bought from Swedish company Ericsson. Ericsson incorporated 1903 – today over 100 years in India Together with Ericsson, the first wave of traditional Swedish companies came to India. Example: Swedish Match, Asea (today ABB) In 1960’s and 1970’s the second wave of classic Swedish industrial companies entered India, mainly in Pune. Examples: Alfa Laval, SKF, Tetra Pak, Sandvik, Atlas Copco In 1980’s and 1990’s a third wave of companies entered India. Examples: IKEA trading (HongKong Ltd), Oriflame, Volvo Today we are experiencing the fourth wave of Swedish companies entering India Examples: Volvo Cars, Scania, Systemair, Roxtec
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India offers the best opportunity amongst the emerging Economic markets: Fast economic growth – massive investment in Infrastructure and power sector. Large domestic consumption base – consumer base to touch 800 mn by 2020. Stable policy, strong judicial system and mature regulatory framework. Healthy corporate presence and strong corporate performance. To play key role in emerging global economic order – particularly post financial crisis era.
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Thank you !
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