New Delhi: As India and China try to forge a stronger tie during the three-day state visit of Chinese President Xi Jinping to India, following are few highlights of Sino-India trade and commerce.
The Chinese share in India's import is 11.3 per cent of total trade while that of India in China is merely 0.9 per cent. The gap in imports of the two most populous countries is less as compared to that of exports. China holds 4.7 per cent of total import in India while India has 2.2 per cent of total Chinese import.
On the Gross Domestic Production front China is way ahead at 9.18 $ trillion as compared to India's 1.87 $ trillion in fiscal year 2013-14. In the fiscal same year China achieved 7.6 per cent growth rate while India managed only 4.7 per cent growth in its GDP.
The per capta income in 2013-14 of India was recorded at $1504 while China had $6747. Inflation had been a problem to Indian economy for last half a decade.
While China have only 2.5 per cent inflation rate, India suffers almost four times inflation than China at 8.14 per cent in fiscal year 2013-14.
Both the South Asian countries suffer from growing population, China with its 1.3 billion population tops the chart of most populous countries in the world followed by India which has a population of 1.2 billion.
Comments
0 comment