Why there was a high demand in Europe for Indian products?

Which Indian products are in demand in Europe?

Developing countries play a key role in supply

Average annual value growth (in percentage points)
2016 Value 2019 € million
Coriander -15 16
Mace -4 8
Processed 799

What do India export to Europe?

India’s exports to the EU have also risen steadily from €22.6 billion in 2006 to €45.82 billion in 2018, with the largest sectors being engineering goods, pharmaceuticals, gems and jewellery, other manufactured goods and chemicals. Trade in services has also trebled between 2005 and 2016, reaching €28.9 billion.

Why spices are in demand in Europe?

During the Middle Ages, spices were as valuable in Europe as gold and gems and the single most important force driving the world’s economy. The lack of refrigeration and poor standards of hygiene meant that food often spoiled quickly and spices were in great demand to mask the flavour of food that was far from fresh.

What does India import from Europe?

(b) During the same period, India’s agricultural import from European Union was of the order of US $ 629.159 million. India’s principal imports were whey, vegetable seeds, olive oil lactose and lactose syrup, chocolate & other food preparations, whiskies, animal feed preparations etc.

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What is the main export of Europe?

In 2020, the top 5 EU export products were machinery and equipment (13.0 % of total exports), pharmaceutical products (11.1 %), motor vehicles (10.7 %), chemical products (8.8 %) and computer, electronic and optical products (8.4 %).

What were the products that were traded with India by the European countries?

Pearls, precious stones, tortoise shell and spices such as cinnamon, cloves and nutmeg that came from the East Indies passed through India and their way to the Middle East and Europe.

How did trade take place between India and Europe?

During the Middle Ages trade between Europe and India and South-East Asia was carried on along several routes. The Asian part of the trade was carried on mostly by Arab merchants and sailors, while the Mediterranean and European part was the virtual monopoly of the Italians. … Yet, trade remained highly profitable.

Which country is known as India of Europe?

Is Portugal the new ‘India of Europe?’ Portugal is one of the eurozone’s poorest countries. But there’s one bright spot: the outsourcing industry. Multinational companies are increasingly turning to Portugal as a base.

Which Indian products are in demand in Germany?

Major Indian Exports to Germany are Food & Beverages, Machinery, Pharmaceuticals, Textiles, Metal & Metal Products, Electro Technology, Leather & Leather Goods, Gems & Jewellery and Rubber Products, Auto Components, Chemicals.

Which was the following good highly demanded in the European market?

Answer: Explanation: Apart from raise in a collection of farm revenues, spices, cotton and indigo of the Indian market were in great demand in Europe during the 18th century.

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Why were spices so expensive in Europe?

Because Europeans conquer many parts of the world, spices had been found from the homeland, and brought back to Europe. It was expensive because Italy and Egypt controlled the trade routes make spices cost more.