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Trade: Growing intra-regional trade between India and East Asia propelling world trade |
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Of late, India is playing a dominant role in trade with East Asia. India’s exports, which was contributing less than 0.5 per cent to world export growth in the early 1990s, rose to 1.4 per cent in 2006. Much of the export boom was driven by the expansion of trade with East Asia. During 1999-2000 to 2006-07, India’s exports increased by 18 per cent a year, compared to a meagre growth of 8 per cent per annum during 1991-92 to 1998-99.
Contrasting trends: East Asia, which includes ASEAN +4 (Chi ...
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