Development of travel industry leads to benefites in different sectors. For exapmle, huge number of travalers usually increase in demand of souvenirs . It also can be rise in sales in real estates. It dependes positively on economy.
On the other hand, if residents of some country spend a lot for tourism it denotes contry's wealth.
The bilateral relationship between the Republic of India and the Republic of South Africa have grown strong since the end of apartheid in South Africa in 1994. Both countries have since developed close strategic, cultural and economic ties. The below visualization shows the top 10 export and import of trade relation between India and South Africa.
The signing of 'Declaration on the India - Russia strategic partnership' was held on October 2000, during the visit of Russian President H.E. Mr. Vladimir Putin to India. Relations with Russia are a key pillar of India's foreign policy, and Russia has been a longstanding time tested partner of India. The below shows the top products exports from India to Russia and imports from Russia to India.
Until the liberalisation of 1991, India was largely and intentionally isolated from the world markets, to protect its economy and to achieve self-reliance. Foreign trade was subject to import tariffs, export taxes and quantitative restrictions, while foreign direct investment (FDI) was restricted by upper-limit equity participation, restrictions on technology transfer, export obligations and government approvals; these approvals were needed for nearly 60% of new FDI in the industrial sector. The restrictions ensured that FDI averaged only around $200 million annually between 1985 and 1991; a large percentage of the capital flows consisted of...