India leaves China behind in export growth rate: WTO
India is now ahead of China in terms of exports growth rate. It registered an increase of 16.1% in 2011. The country is at the pinnacle in the list of all major trading countries in the world. As per the WTO Report 2012, India had the fastest export growth among major traders in 2011. China was at the second spot in export growth of any major economy at 9.3 %. The growth in exports is being attributed to Indian government’s and exporters’ efforts of diversification of export markets that have benefitted the country’s shipments.
Month: Current Affairs - July, 2012
Topics: International Trade