Submitted To: Gujarat Technological University, Ahmadabad Presented By: Parth Patani:107690592088 Krunal Shah:107690592039 Milan Thakkar:107690592017 Dipak

Jadvani :107690592038 Snehal Prajapati :107690592100 Deepak Mandowara:107690592049

Shri Jairambhai Patel Institute of Business Management & Computer Application (NICM-Gandhinagar)

The economy of Switzerland is one of the world's most stable economies. Its policy of long-term monetary security and political stability has made Switzerland a safe haven for investors, creating an economy that is increasingly dependent on a steady tide of foreign investment. Because of the country's small size and high labor specialization, industry and trade are the keys to Switzerland's economic livelihood. Switzerland has achieved one of the highest per capita incomes in the world with low unemployment rates and a low budget deficit. The service sector has also come to play a significant economic role.

7,928,900 (December 2011 est.) Languages: German, Swiss/German, French, Italian Main Cities: Bern (Capital) 967,000, Zurich 1,172,600, Geneva 493,445, Basel 188,000 One of the highest living standards and GDP per capital in the world 42,303 Germany is Switzerlands most important trading partner.
Population:

 Switzerland

has liberal investment and trade policies, with the exception of agriculture, and a conservative fiscal policy The Swiss franc is one of the world's soundest currencies, and the country is known for its high standard of banking and financial services Switzerland is a member of (WTO), (IMF), the World Bank, and (OECD).

The

Swiss economy shrank by 1.5% in 2010, as a result of the global economic slowdown. The country has a well-developed infrastructure for scientific research. labor/management relations

 Unemployment

decreased from 4.1% in December 2003 to 1.5% in 2007, but was at 3.6% in October 2010, 2.8% in july 2011,3.1% in december 2011. Tourism, banking, engineering, and insurance are significant sectors of the economy and heavily influence the country's economic policies.

 The

benchmark interest rate in Switzerland was last reported at 0 percent. interest rates decisions are taken by the Swiss National Bank. From 2000 until 2010, Switzerland's average interest rate was 1.52 percent reaching an historical high of 3.50 percent in June of 2000 and a record low of 0.25 percent in March of 2003 The current Swiss interest rate SNB (base rate) is 0.250 %

 Bank

deposits held for a fixed term in Switzerland are called time deposits Deposit Accounts in Switzerland UBS Switzerland Time Deposit Credit Suisse Time Deposit Rates

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 Swiss

Franc vs Indian Rupee current exchange rate 1 CHF = 57.54837 INR 1 INR = 0.01738 CHF 20th Dec11]

Switzerland's

[Updated:

GNI = value added by all resident producers (+) product taxes (less subsidies) (+) net receipts of primary income from abroad(compensation of employees and property income) GNI, calculated in national currency, is usually converted to U.S. dollars at official exchange rates for comparisons across economies, although an alternative rate is used when the official exchange rate is judged to diverge by an exceptionally large margin from the rate actually applied in international transactions. To smooth fluctuations in prices and exchange rates, a special Atlas method of conversion is used by the World Bank.

 GNI

per capita (formerly GNP per capita) is the gross national income, converted to U.S. dollars using the World Bank Atlas method, divided by the midyear population per capita = Gross national income/midyear population

GNI

Switzerland's economy has low unemployment, a highly skilled labor force, and a per capita GDP among the highest in the world. Its policy of long-term monetary security and bank secrecy has made Switzerland a safe haven for investors, creating an economy that is increasingly dependent on a steady tide of foreign investment. Because of the country's small size and high labor specialization, industry and trade are the keys to Switzerland's economic livelihood

Inflation rate refers to a general rise in prices measured against a standard level of purchasing power. The inflation rate in Switzerland was last reported at -0.125 percent in October of 2011. Objective: The most well known measures of Inflation are the CPI which measures consumer prices, and the GDP deflator, which measures inflation in the whole of the domestic economy. To find the reason behind the decreasing value of inflation.

The labour force is defined as the number of people employed plus the number unemployed but seeking work. nonlabour force includes those who are not looking for work, those who are institutionalised and those serving in the military. The unemployment rate in Switzerland was last reported at 2.9 percent in October of 2011. Unemployment Rate averaged 3.38 percent reaching an historical high of 5.40 percent in March of 1997 and a record low of 1.60 percent in November of 2000. Objective: To find the decreasing rate of unemployment rate.

 SIX

Swiss Exchange (formerly SWX Swiss Exchange), based in Zurich is Switzerland's principal Stock exchange. Yesterdays market was 5743.43. Overall all historical high of 9531.46 points in June of 2007 and a record low of 1287.60 points in January of 1991. Objective: To make analysis of stock market and evaluate it.

Switzerland's Trade Relationship

The aim of Switzerland's free trade policy is the improvement of the framework conditions for economic relations with relevant economic partners It is hardly surprising that Switzerland is the only European country to have a positive trade balance with China. Swiss innovation in research and technical aspect has helped it for generate commercial relationships worldwide and now makes it a very competitive player in the Chinese market. Beijing's Olympic Stadium, known as the "Bird's Nest" was designed by the Swiss architectural firm Herzog & de Meuron

Relation With European Union

With the exception of its agricultural and food products, it has no restrictions on trade with members of the European Union (EU).

In addition to the EFTA Convention and the Free Trade Agreement with the European Union (EU) of 1972, Switzerland currently has a network of 26 free trade agreements (FTAs) with 35 partners outside the EU.

Switzerland And India

The two nations had a first commercial contact in 1851 when Salomon and Johann Georg Volkart simultaneously founded their company Volkart Brothers in Bombay and Winterthur

Furthermore, Mahatma Gandhi came to Switzerland in 1931 after having attended the Round Table Conference in London. He spent five days in Switzerland to meet his friend Romain Rolland.
A Memorandum of Understanding between the Ministry of Commerce and Industry of India and the Federal Department of Economic Affairs of Switzerland on intellectual property signed on 7th August 2007.