India and Italy: Their History and Economy

1280 Words3 Pages
bulb-icon

Recommended: Shot of tourism in italy

India and Italy have been part of the world since long time, both of the countries share unique features in them. India and Italy recently started having even stronger bonds with each other. Both the countries are part of ancient civilizations; people of India and Italy have continuous civilization since 2500 B.C.E. Both the countries can be compared and contrasted on the basics of their culture, religion, economy, history and trade stats etc. I have never seen Italy in my life but I hear people from Italy are similar to Indians in most of the ways and Italy itself attracts me as a beautiful country. I always wanted to go to Italy from the start as I have only seen the Italy in pictures and movies. Italy has kept his heads up from the recession as compared to the countries around it like Spain, Switzerland, Austria and Hungary.

The neighboring countries of Italy are facing lot of recession in their country as Spain has inflation rate of -0.80% , Austria inflation rate of 0.40% and Switzerland -0.60%, which is very low as compared to Italy, which is 0.60%. In terms of businesses Italy is doing way better than these countries as recent news shows it import and export business are doing very well with countries like India and USA. According to the sources the headlines were Spain facing deepest recession Jose Carlos Diez, chief economist in Madrid at Intermoney SA, Spain’s largest bond dealer said "I can guarantee you that if we did not take advantage of our financial margin to fight the recession, the fall in public revenues in 2010 would be so disproportionate that we would have problems, " he wrote in a note. Spain showed a budget surplus between the years 2004 to 2007 but due to recent economy slowdown it shattered really b...

... middle of paper ...

.../french-news/-Spanish-minister-shrugs-off-credit-downgrade-_48814.html?ppager=1

(2010). Emerging market report. Hungary unexpectedly lowers interest rates, retrieved from

http://www.marketwatch.com/story/hungary-unexpectedly-lowers-interest-rates

swissinfo.ch. Swiss faces recession, retrieved from http://www.swissinfo.ch/eng/business/index/Switzerland_faces_recession.html?cid=7102266

(2010). Central intelligence agency. India, retrieved from https://www.cia.gov/library/publications/the-world-factbook/geos/in.html

The countries of the world. Italy economy 2010, retrieved from http://www.theodora.com/wfbcurrent/italy/italy_economy.html

(2010). Sectors. India’s trade, retrieved from http://india.gov.in/sectors/commerce/india_trade.php

(2010). Air alliance. Retrieved from http://www.forbes.com/feeds/ap/2010/10/20/business-eu-italy-alitalia-jet-airways_8029227.html

Show More
Related

  • Italians Migration to Canada

    842 Words  | 2 Pages

    Italians are a group of people who share the same culture, country and speak the Italian as their first language. Italy is a native country to many Italians all around the world. Then, many Italians started migrating to different countries in 1876-1976. This beautiful country is in Southern Europe and include a similar boot shaped Peninsula. The borders of the Italians are France, Switzerland, Austria, and Slovenia. Rome is the largest and the capital of Italy, and this city is known for many of its religious attractions. The majority of people live in Italy are Roman Catholics, but there are other people of religions live there too such as Hindus, Muslims, Buddhist, and Protestant Italians. Italians are described as a hard worker, self-sacrificing ready to work for a better future for themselves and their families and also educated thinkers. When the Italian migration began numerous people came to the U.S. and its neighboring country Canada. Today in Canada there are over 1.45 million Italians, including well-known artists and actors.

    Read More

  • Imperialism in India

    710 Words  | 2 Pages

    Imperialism in India British imperialism in India had many positive and negative effects on both the mother country, Britain and the colony, India. Many people would argue which effects were more prominent in these countries, and some would agree that they were equal. But in both cases, there were actually both. In India, the British colonization had more positive effects than negative. For instance, when the British colonized India they built 40,000 miles of railroad and 70,000 miles of paved roadway.

    Read More

  • Why Did Italy Join World War I?

    839 Words  | 2 Pages

    Italy is a boot shaped peninsula that extends out of Southern Europe and into the Adriatic Sea, Tyrrhenian Sea, Mediterranean Sea, and other waters. Italy had a population of 34.7 million people. The size of italy was 301,230 kilometers (116,304 square miles). Their coast line was 7,600 kilometers (4,722 miles). Italy’s Government during World War I was Constitutional Monarchy. (John Simkin)

    Read More

  • The Impact of World War I on Italy

    876 Words  | 2 Pages

    The Impact of World War I on Italy When World War I began in August 1914, the Italian government brushed aside the Triple Alliance and declared its neutrality. In 1915, Italy had signed the secret Treaty of London. In this treaty Britain had offered Italy large sections of territory in the Adriatic Sea region - Tyrol, Dalmatia, and Istria. Such an offer was too tempting for Italy to refuse. Subsequently, after having signed the secret Treaty of London with the allied powers (Britain and France), Italy declared war on Austria and Turkey, and then declared war on Germany about a year later.

    Read More

  • Community Volunteering

    454 Words  | 1 Pages

    Over the past ten years, I have had the opportunity to travel extensively around the United States and Canada with my family so traveling abroad to Italy seemed like a natural adventure. I anticipated that my journey to Italy to be very similar to my previous experiences, with the addition of seeing some of the most beautiful landmarks and paintings in the world. When I arrived, I discovered an entirely different culture and attitude towards Americans. Conversation was difficult and I felt out-of-place. Italians were able to tell me apart even before I said a word. Anti-American graffiti were written on the stone walls of Rome which made me feel very unwelcomed.

    Read More

  • Italy in World War II

    1092 Words  | 3 Pages

    Italy in World War II World War II, which only lasted about five years, changed the course of history forever, and affected millions of lives. Among the major nations that were involved in the war, Benito Mussolini and his Italian army sought to settle their differences with many nations. Benito’s fascist views, his idea of a nation built by one race, and his relationship with Adolf Hitler ultimately led to his involvement in the war. His responsibility, in essence, was to ally himself with the superpowers of the world, and lead his people into a war that they could not fight. " Il Duce", (the leader), was the name that Benito Mussolini gave himself as his rise to power in Italy continued.

    Read More

  • United States and Italy

    2110 Words  | 5 Pages

    These countries have had a very perplexing relationship. To begin, in 1861 when the country of Italy became whole. They had a subdued relationship with no conflicts until 1891, when the lynching of 6 Sicilian men in Louisiana went unsolved Italy shortly severed its relations with the US, but eventually regained communications a few years later. Then, when the US joined WW2 in 1941 it immediately cut ties with Italy after they were on the Allies and Italy was an Axis power. However, after the war, Italy and the US regained full communication after the war in 1945. Ever since, the US and Italy have been in good communication. Italy and the US are politically involved in many different international organizations and they cooperate with each ...

    Read More

  • Global Inflation and Unemployment

    1280 Words  | 3 Pages

    The recent global financial crisis that affected not only America but also Europe and other parts of the world resulted in massive unemployment. This is due to the high costs of operation that many corporations faced forcing them to cut on labor costs. There is need for European government interventions to avert this social crisis and prevent the occurrence of such a crisis in future. Unemployment has hit the service sector harder than other sectors with the following being the most affected: automotive, construction, tourism, finance and real estate. The global financial crisis has also increased consumer prices thus pushing inflation. According to McCathie, “the increase in July consumer prices to 1.7 per cent pushed inflation in the currency bloc up towards the European Central Bank’s target of keeping inflation at below, but close to 2 per cent. Eurozone consumer prices had stood at 1.4 per cent in June” (McCathie, 2010).

    Read More

  • The Greece Debt Crisis

    3195 Words  | 7 Pages

    Historically, financial crises have been followed by a wave of governments defaulting on their debt obligations. The global economic history has experienced sovereign debt crisis such as in Latin America during the 80s, in Russia at the end of the 90s and in Argentina in the beginning of the 00s. The European debt crisis is the most significant of its kind that the economic world was seen started from 2010. Financial crises tend to lead to, or exacerbate, sharp economic downturns, low government revenues, widening government deficits, and high levels of debt, pushing many governments into default. Greece is currently facing such a sovereign debt crisis and Europe’s most indebted country despite its surplus in the early 2000s. Greece accumulated high levels of debt during the decade before the crisis, when the capital markets were highly liquid. As the crisis has unfolded, and capital markets have become more illiquid, Greece may no longer be able to roll over its maturing debt obligations. Investment by both the private and the public sectors has ground to a halt. Public sector debt has increased substantially as the state had to rely on official assistance to payroll expenses, fiscal deficit and fund social payments.

    Read More

  • Why I Want To Study Italy Essay

    1025 Words  | 3 Pages

    Visiting Europe has been a long dream for me, especially visiting Italy. Italy has fascinated for as long as I can remember. Italian history and culture has always been intriguing to me ever since I learned about the Roman Empire in elementary school. I’ve always had Rome as my number one place I want to visit in the world. However, due to my financial status, I never had the chance to go to outside any country except the United States and my native country, Peru. Being in college has given me the opportunity to study abroad in a place I’ve always dreamed of. My university, Loyola University Chicago, have their own campus abroad in Rome, Vietnam and Beijing. Being already enrolled in the university, choosing to study abroad is facilitated as all my financial aid, including the university’s, and credits will transfer. I actually never planned on studying but the opportunity my university gave me to study in a place I’ve always wanted to go was too good for me to pass on. I

    Read More

  • Compare And Contrast Italian Food

    2303 Words  | 5 Pages

    It is quite common sense to everyone that the food and service in Europe, particularly Italy, are different, but do they know how big the contrast is? In America, we think of the classic Italian dish to be spaghetti and meatballs, when in fact, that dish does not even exist in Italy. The food, dining, and coffee are all something the Italians do differently, but in my opinion better.

    Read More

  • The Eurozone Crisis

    1921 Words  | 4 Pages

    Eurozone crisis can be seen as the most important economic problem of the European Union in the history. Because of that crisis the currency union have faced the possibility of separation which is an extremely critical issue not only economically but also politically. Until the subprime crisis which became prominent by the bankruptcy of Lehman Brothers in 2008, the economic level of the EU members were similar. When the bankruptcy occurred those countries started to differentiate in a very significant way. Total government debt and also problems of banking sector lead many countries to negative GDP growth, high unemployment rates and more importantly social unrest.

    Read More

  • Italian Food Research Paper

    609 Words  | 2 Pages

    In the words of Giuseppe Verdi, “You may have the universe if I may have Italy” (Brainyquote.com). Italy is one of the top hotspots for vacation, and there is a plethora of reasons why. Immediately upon arriving, you can smell the aroma of fresh, home-made foods. The beauty of the architecture in even the average buildings is overwhelming. The culture is unique and fascinating; unlike anything you will ever see anywhere else. There are so many places you could visit in Italy, you could spend a lifetime there, and it would never be enough. Rome, Tuscany, Pompeii, Pisa, Florence, and Venice are must-sees, to name just a handful. (http://www.kids-world-travel-guide.com) Italy is in essence, a paradise unlike any other, that everyone should have the privilege of enjoying. (pathos)

    Read More

  • A Country I would like to Visit

    532 Words  | 2 Pages

    There are many reasons why I would like to visit Italy. First of all, I am really interested in Italy’s ancient history and architectural heritage. Rome, the capital city of Italy is one of the most significant cities in history ruled by the famous Roman kings such as Alexander the Great, Julius Caesar, Vespasian and many more. I have heard and learnt the history of the Roman Empire since I was young and it made me want to visit Italy. I have also watched many Roman historic movies and it motivated my desire to visit the...

    Read More

  • A Visit to Italy

    648 Words  | 2 Pages

    The capital city of Italy is a very extraordinary place to visit. The population of Rome is well over two-million. The people there are very friendly and are extremely proud of their country. Rome is a beautiful bustling city that has a moderate cli mate. The temperature usually stays around eighty degrees. The main way of transportation is by bus.

    Read More

More about India and Italy: Their History and Economy

Open Document