Categories: World

Free Trade Agreement Signed with Switzerland: Six Amazing Facts About India’s Vast Empire

class=”sc-cffd1e67-0 iQNQmc”>

The most expensive house in the world, the Antalia building of Indian businessman Mukesh Ambani, is located in Mumbai. India has 169 billionaires and is the third most super-rich country in the world.
Mirte MüllerForeign reporter News

This is what Switzerland has been waiting for: Minister of Economic Affairs Guy Parmelin (64) and his counterparts from Norway, Iceland and Liechtenstein signed the new free trade agreement in Delhi on Sunday. After that, India will drop tariffs on Swiss exports such as watches, pharmaceuticals or machinery, protect patents and attract investors to its own country. It is expected that USD 100 billion will flow from the EFTA states to India over the next fifteen years. But the ‘new China’ is also full of contradictions. Blick presents six great superlatives about the enormous empire.

1

Languages, religions, castes – India is multicultural

Multilingualism is not just a Swiss specialty. India can also keep up. It has 200 languages ​​from three language families. Of these, 26 are official languages. One in ten of India’s 1.4 billion inhabitants speaks English. This makes India the second largest English-speaking country in the world. 80 percent of Indians are Hindu. They worship as many as 330,000 gods and fit into a strict caste society. The highest belongs to the Brahmins, followed by the warrior caste and that of the farmers and merchants. The fourth caste is that of servants, servants and day laborers. At the bottom of society are the approximately 240 million ‘untouchables’ or ‘unclean people’, also known as ‘Dalits’. In modern India, there are occasional opportunities for advancement for them too. The ‘ex-untouchable’ Meira Kumar became Speaker of Parliament, the ‘Dalits’ Kocheril Raman Narayanan and Ram Nath Kovind became heads of state.

1/8
EPP National Councilor Nik Gugger (right) and Federal Councilor Guy Parmelin (front) sign the Free Trade Agreement between the EFTA States and India on Sunday, March 10, 2024 in Delhi.

2

Only two percent of Indians pay taxes

India’s main exports are raw materials such as petroleum, medical and pharmaceutical products and textiles. It is a global leader in information or biotechnology, offering highly qualified IT and AI experts at the lowest wages. Innovative start-ups, high-tech companies and data centers are springing up like mushrooms. But the new prosperity remains an island of the blessed. Because the vast majority of Indians are poor. 43 percent of the people live from agriculture. A third of them earn no more than 1.60 francs a day. And one in four cannot read or write. That is why only two percent of the population in India pays taxes.

3

More smartphones than toilets

More than 82 percent of the 1.4 billion inhabitants have a mobile phone, but only 66 percent have a toilet. According to Unicef, most people in the world defecate outside their homes in India. More than four million tons of plastic waste are generated every year. There is no regular waste collection. And the city air is thick too. Research has shown that anyone who breathes the air in the metropolis of Mumbai for one day has as much poison in their lungs as after 100 cigarettes. The government has been fighting for a ‘clean India’ for ten years with various projects.

4

Billionaires and slaves

With 169 super-rich people, India ranks third among the countries with the most billionaires in the world – after the US and China. However, the gigantic empire sets a sad record in terms of slave labor: 11 million people are exploited, more than anywhere else in the world. The cause is debt slavery, which is prohibited by law but tolerated in society. It affects people who are financially ruined by high expenses, for example for a wedding, illness or as a result of a death. You or your surviving relatives must then pay off the debts. Debt bondage and therefore slavery are sometimes passed on to children.

More about the free trade agreement with India
New economic locomotive
India’s growth cannot be stopped, right?
Serious drop in orders
The Swiss industry is crying out for help
Great potential for Switzerland
Is India the new China?

5

Indians in the gold rush

Nowhere is there as much gold as in India. There are an estimated 20,000 tons in private households alone. That is eleven percent of the world’s gold reserves and more than the gold reserves of the International Monetary Fund, the US, Germany and Switzerland combined. Its value: a trillion dollars. Up to 800 tonnes of gold, about a fifth of world production, is imported into India every year. The reason for the gold rush is the precious jewelry as dowry for the grooms.

Advertisement

6

The cheese with the cow

Cows are sacred in Hinduism. India’s 45 million cattle cannot be slaughtered. In some states, consumption is prohibited by law. In West Bengal, cows even have their own photo identity card. Due to the constant smuggling of cattle into Bangladesh for sale, India had stationed 30,000 border guards. That is why the milk trade is flourishing. India produces 150 billion liters per year. Cow urine and cow manure also disappear as warm goo. Cow urine is considered medicinal and the manure is used as fertilizer and fuel.

Source: Blick

Share
Published by
Amelia

Recent Posts

Terror suspect Chechen ‘hanged himself’ in Russian custody Egyptian President al-Sisi has been sworn in for a third term

On the same day of the terrorist attack on the Krokus City Hall in Moscow,…

1 year ago

Locals demand tourist tax for Tenerife: “Like a cancer consuming the island”

class="sc-cffd1e67-0 iQNQmc">1/4Residents of Tenerife have had enough of noisy and dirty tourists.It's too loud, the…

1 year ago

Agreement reached: this is how much Tuchel will receive for his departure from Bayern

class="sc-cffd1e67-0 iQNQmc">1/7Packing his things in Munich in the summer: Thomas Tuchel.After just over a year,…

1 year ago

Worst earthquake in 25 years in Taiwan +++ Number of deaths increased Is Russia running out of tanks? Now ‘Chinese coffins’ are used

At least seven people have been killed and 57 injured in severe earthquakes in the…

1 year ago

Now the moon should also have its own time (and its own clocks). These 11 photos and videos show just how intense the Taiwan earthquake was

The American space agency NASA would establish a uniform lunar time on behalf of the…

1 year ago

This is how the Swiss experienced the earthquake in Taiwan: “I saw a crack in the wall”

class="sc-cffd1e67-0 iQNQmc">1/8Bode Obwegeser was surprised by the earthquake while he was sleeping. “It was a…

1 year ago