India's Trade with European Union

European Union (EU) is India's largest trading partner. India in turn is the 13th largest partner of EU in the year 2007. The EU is one of the biggest sources of Foreign Direct Investment to India, major contributor of developmental aid, important source of technology and is a home to large and influential Indian non-residents. The genesis of India's trade relations with such an important trade partner can be traced back to the early 1960s. India was among the first countries to establish diplomatic relations with the (then) EEC. The book attempts to incorporate the liberalization policies of the Government of India since 1991 and sea changes that have taken place in European Union including the expansion of EU with induction of new members, introduction of single unified currency, Euro and establishment of European Monetary Union. It also analyses the growth and structure of Indo-EU trade during the period from 1992-93 to 2006-07 covering a period of 16 years with particular focus on the analysis of the commodity composition of Indo-EU trade. It also attempts to identify potential export and import items from India to individual European Union countries.