Indo-German Trade Continues its Dream Run in 2011: Bilateral Business Defies Financial Crisis and Economic Slowdown

5 Pages Posted: 9 Mar 2012

See all articles by Rajnish Tiwari

Rajnish Tiwari

Hamburg University of Technology (TUHH)

Date Written: March 9, 2012

Abstract

The bygone year, 2011, which witnessed the launch of a “Year of Germany” in India to commemorate 60 years of bilateral diplomatic relations between the two countries, saw a continued upswing in the business relations, as indeed in other spheres. The two countries have touted their relations as consisting of “infinite opportunities” and the latest data on foreign trade released by Germany’s Federal Statistical Office seems to suggest that the opportunities are being actually utilized progressively.

The bilateral trade volume in calendar year 2011 is estimated to have stood at €18.4 billion, up from €15.5 billion in 2010, thereby registering a staggering growth of 18.7%. The growth in bilateral exports and imports outperformed the overall growth in Germany’s trade with the rest of the world. This is especially remarkable because the almost "hyper" growth comes in the backdrop of a continuing financial crisis in Europe and an economic slowdown in India.

Keywords: India, Germany, Indo-German Trade, Foreign Trade

Suggested Citation

Tiwari, Rajnish, Indo-German Trade Continues its Dream Run in 2011: Bilateral Business Defies Financial Crisis and Economic Slowdown (March 9, 2012). Available at SSRN: https://ssrn.com/abstract=2018863 or http://dx.doi.org/10.2139/ssrn.2018863

Rajnish Tiwari (Contact Author)

Hamburg University of Technology (TUHH) ( email )

Hamburg, D-21071
Germany

HOME PAGE: http://www.global-innovation.net

Here is the Coronavirus
related research on SSRN

Paper statistics

Downloads
41
Abstract Views
488
PlumX Metrics