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Wednesday, May 07, 2008 at 2203 hrs for the growth and widening of the base of manufacturing sector in India in the coming years. The study observes that not only the average growth rate of most of these Chinese goods has been far higher than the average growth of the world imports since 2001-02, but the share also of these Chinese goods in the total Indian imports has increased significantly in 2006-07. However, points out Sachin Chaturvedi at RIS, “The combined size of the Sino–Indian economy is large and expanding. There is considerable scope for growing economies in the developing world and least developed countries (LDCs) to benefit from the continued process of trade expansion in these two countries.”
The LDCs are producers of a few industrial intermediate inputs that are commonly used by these two countries. Often, supply barrier and lack of quality in exportable items have constrained the export prospects in various potential markets. If these issues are addressed, there is scope for significant exports to both China and India....
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