In­dia vs China

Cargo Talk - - International -

De­spite the Chi­nese econ­omy slow­ing down, the ex­port fig­ure for China in 2014 was recorded at $2,342.3 bil­lion in com­par­i­son to In­dia’s $317.5 bil­lion. If one con­sid­ers items such as iron and steel, chem­i­cals, ma­chines and telecom­mu­ni­ca­tion equip­ment, tex­tiles and cloth­ing, where China and In­dia com­pete with each other in in­ter­na­tional mar­ket, the for­mer’s share in the world mar­ket is much higher. In­dian busi­nesses are los­ing com­pet­i­tive­ness due to high bor­row­ing costs and be­cause of coun­try’s long-stand­ing weak­nesses such as bad in­fra­struc­ture, red tape and cor­rup­tion.

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