Minister of Agriculture, Shalom Simhon Visits India 20 January 2008 Israel delegation visits Karnal - The Hindu Israeli agriculture minister to visit India - Live Mint Israeli Agriculture Minister to visit India - The Economic Times Dr. A P J Abdul Kalam Visits Israel - 01 March 2008 Young Israeli researchers floored by Kalam - The Hindu Abdul Kalam on Israel visit - The Economic Times Introduction To Israels Economy Israeli economy is dynamic, export oriented, R & D driven and hi tech based. Poor in natural resources, Israel depends on imports of petroleum, coal, food, uncut diamonds, other production inputs, and military equipment. Israel possesses a substantial service sector and is the world leader in software development and is a major tourist destination. In 1998, Tel Aviv was named by Newsweek as one of the ten most technologically influential cities in the world.... (More) Highlights of the Israeli Economy in year 2007 – Bank of Israel Annual Report • Israel’s GDP rose by 5.3 % to become US $ 160 billion; per capita income becomes US $ 22500. The rapid growth was led once again by the business sector, based on favourable background conditions; the rapid expansion of exports persisted. • Unemployment plunged to its lowest level in a decade and stood at 7.3%. • The ongoing improvement in the state of the economy was also reflected in decisions by external entities- the OECD organization invited Israel to embark on the procedure for joining it, and Israel's credit rating was raised.....Bank of Israel Report on Israeli Economy 2007 India Israel bilateral trades zooms to US $ 3.3 billion in 2007 According to the latest report published by the Central Bureau of Statistics, Israel, the bilateral trade between Israel and India reached close to US $ 3.3 billion in year 2007 (US $ 2.7 billion in 2006). Israel’s Exports to India grew up by 25 % and stood at US $ 1.562 billion (US $ 1.246 billion in 2006) while its Imports from India increased by 18 % and reached to US $ 1.719 billion. Diamonds continued to be the important component of trade amounting 66 % of India’s Exports to Israel and 56 % of Israel’s Exports to India. Apart from that machinery constituted 22%, Chemicals 16% in the Israel’s Exports and among the imports Chemicals were 12.74% and Textiles were 7%. (Source – Ministry of Trade, Industry and Labour, Israel) Top Ten Reasons to Invest in Israel Investing In Israel (Movie) |