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Compare and contrast trade in India and China over the last 500 years. Illustrate with graphs or tables. |
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Answer» COMPARISON of the India CHINA trade over past 500 years is as follow • The available data shows that over the 515, either China or the United States are RULING world’s economy. But there was an exception in 1700, when India broke the tread. • In 1500, both China and India were leading world’s economy, by having an estimated GDP's of approximately $100 billion but China was a little ahead of India • In 1700, India took China’s place • Again in 1820, China took the lead making India second in the race. • In 1890, China lagged by 5% of united stated GDP Growth rate, India was ranked third. • In 1930, china was still struggling with internal issues but managed to be second in the list. United nation still being first • In 1980, China ranked 10th. India was ranked NINTH but united nation maintained the position. • China’s export rate has increased rapidly while India had a steady but lower rate of trade as compared to China • China’s trade has been more varied as compared to that of India’s. • India has been exporting more technological PRODUCTS but it’s still less than that of China’s who is dealing with processing goods • Processing trade became popular in China while it is still less important in India. • There was a drastic change by 2010, 2010: China's GDP increased drastically and India was also restored to third position • The IMF projections in 2015 show China coming back to first-place after at least a 125 year. While India was at third. |
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