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India and China the two emerging economies have increased their respective share in the world trade. After 1980s the economic performance in both the nations are experiencing a better trend. The percentage share of both the nations in the world trade on various sectors over the years are as follows:
Percentage Share of India and China in World Exports
| |
1990 |
2004 |
| |
India |
China |
India |
China |
| Manufacturing |
0.5 |
1.9 |
0.9 |
8.3 |
| Iron and Steel |
0.2 |
1.2 |
1.6 |
5.2 |
| Chemicals |
0.4 |
1.3 |
0.7 |
2.7 |
| Office Machines and Telecom parts |
0.8 |
1 |
0.6 |
15.2 |
| Auto Parts |
0.1 |
0.1 |
0.1 |
0.7 |
| Textiles |
2.1 |
6.9 |
4 |
17.2 |
| Clothing |
2.3 |
8.9 |
2.9 |
24 |
| Commercial Services |
|
|
1.9 |
2.9 |
| Transport |
|
|
NA |
NA |
| Travel |
|
|
|
4.1 |
| Other |
|
|
3.1 |
2.4 |
Percentage Share of India and China in World Imports
| |
1990 |
2004 |
| |
India |
China |
India |
China |
| Manufacturing |
0.5 |
1.7 |
0.8 |
6.3 |
| Iron and Steel |
1 |
2.5 |
1 |
8.2 |
| Chemicals |
NA |
2.2 |
NA |
6.5 |
| Office Machines and Telecom parts |
0.3 |
1.3 |
0.5 |
11.2 |
| Auto Parts |
0.1 |
0.6 |
0.3 |
1.7 |
| Textiles |
0.2 |
4.9 |
0.6 |
7.4 |
| Clothing |
0 |
0 |
0.6 |
0 |
| Commercial Services |
2.1 |
2.5 |
2 |
3.4 |
| Transport |
|
|
2.2 |
4.2 |
| Travel |
|
|
2.4 |
3.3 |
| Other |
|
|
2.1 |
3.5 |
Source: World Trade Organization.
NA: Data not available
Globalization In India |
Service Economy |
Barter Economy |
Command Economy
| Country Groups
|