Afghanistan Bangladesh Bhutan India Maldives Nepal Pakistan Sri Lanka
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India - Taj Mahal!

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Nepal - Himalayas!

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Sri Lanka - Tea Estate!

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22 Mar, 2012

The SAARC Halal Council is a
non-profit organization created to uphold the integrity of the halal market concept in SAARC countries trade through recognition, collaboration and membership.



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SAARC Industries and Trading Opportunities

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The thriving growth of any Commercial concept or Trade practice is closely associated and would proportionate to the growth of the economy as a whole and its individual constituents.

Similarly, the Concept of Halal too is closely associated with the growth of trade in the SAARC region in terms of exports and imports, within and without.

The growth of the SAARC nations has been phenomenal. Hence, a detailed analysis into the SAARC nation’s commerce and trade pattern in this regard would provide much insight into the opportunities that it holds for Halal Concept implementation.

The level of consumption of food grains, non food grains, meat and milk has increased manifold in these countries in the last few decades.

The production has also risen along with the demand to meet the needs of these countries. However, this is only the tip of the iceberg. There is a lot of untapped potential and resources in these countries, the proper use of which can take these countries to new heights.

The private domestic consumption as a share of GDP is around 57% in India. This is the highest among all the SAARC Countries.

The boom in Information Technology export has hastened the process of urbanization in India and the country’s middle class is fast expanding. According to India’s National Council for Applied Economic Research (NCAER), the 160 million middle-class individuals in 2010 represented about 13% of India’s population. This is expected to triple by 2025.

The projected number of middle class is about 547 million which will represent around 37% of the population.

According to the Asian Development Bank, the South Asian countries will have a growth rate of 7.2% in 2011, in spite of the inflation.

In 2012, the inflation is expected to hike up to 9.1% while the growth rate would be around 7.7%.

This trend shows an expected boom in the spending of the Indian middle-class. The future prospects of trade, consumption and spending power in India is quite bright.

Liberalisation and Free Trade have led to remarkable growth in the South Asian countries. For Instance, Pakistan began the process of liberalization and deregulation after the sixth five-year plan (1983-88). After 1988, Pakistan came under the directives of World Bank and the IMF.

Again, the trade policy in Pakistan changed. After these changes, the efficiency and profitability of the industrial sector improved. A remarkable growth in the economic sector was witnessed in Pakistan. The share of the private sector in manufacturing increased from 51% in 1983 to 83% in 1988.

The South Asian countries have entered into the South Asian Preferential Trade Agreement (SAPTA) in 1995 and the South Asian Free Trade Agreement (SAFTA) to promote the intraregional trade amongst themselves. The intraregional exports and imports among the SAARC nations have improved from these measures.

In 2008, India had the largest of intra – SAARC exports, about 75.1%. Bangladesh and Sri Lanka have the highest intra – SAARC import shares, of nearly 34.1 % and 24.3% respectively.