How will the import of steel from India into the Chinese markets lead – InterviewSolution

1.	How will the import of steel from India into the Chinese markets lead to integration of markets for steel in the two countries?
Answer» Import of steel from India into China will lead to integration of markets of both COUNTRIES in the following ways: i) It would create a favourable balance of payments situation for India which China would correct by exporting goods manufactured in its own country. ii) It would LINK manufacturing processes of heavy industries in both countries that are dependent on iron and steel. iii) It would lead to infrastructural DEVELOPMENTS in both countries to meet up with the demand. This would lead to CREATION of employment opportunities and generate investment

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