Bilateral Business Defies Financial Crisis and Economic Slowdown

Indo-German Economy, Vol. 56, Issue 2, pp. 19-21

2 Pages Posted: 12 Jun 2012

See all articles by Rajnish Tiwari

Rajnish Tiwari

Hamburg University of Technology (TUHH)

Date Written: May 1, 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 seem to suggest that the opportunities are being actually utilized progressively.

The bilateral trade volume in calendar year 2011 registered a staggering growth of 18.7% and is estimated to have stood at €18.4 billion, up from €15.5 billion in 2010. The growth in bilateral exports and imports outperformed the overall growth in Germany’s trade. 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.

Suggested Citation

Tiwari, Rajnish, Bilateral Business Defies Financial Crisis and Economic Slowdown (May 1, 2012). Indo-German Economy, Vol. 56, Issue 2, pp. 19-21, Available at SSRN: https://ssrn.com/abstract=2083082

Rajnish Tiwari (Contact Author)

Hamburg University of Technology (TUHH) ( email )

Hamburg, D-21071
Germany

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