beijingwalker
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In this case, we are not in the same league either.
India’s share of trade among developing nations dips, China leads exporter with a share of 34% of the world developing economies
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Protest_again
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Yet, I didn't open a thread comparing my country to yours. Your pathetic self did.
beijingwalker
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Hopefully in the next decade, India's exports can beat Hong kong, but it's very unlikely.
exports of goods and services, based on World Bank's data 2019
exports of goods and services, based on World Bank's data 2019
| 649,022.69 |
| 546,033.12 |
This thread OP article mentioned many countries, you should not aim your goal too high, compare with Hong kong or Korea could be more appropriate.
beijingwalker
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Next time don't try to talk about which league that'll only humiliate yourself.
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India's service exports are garbage accounting. India claims software exports to usa in excess of 100 billion USD but US reports less than a third of such imports from india. If india really ran such service surpluses as it claims would Trump be so quiet? he even got them to reduce tarrifs on harley bikes.
Chhatrapati
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Dont make numbers up from your rear. India never claimed $100 billions in exports to US.
You living in Trump era? Harley's left India.
As for service exports, I'll give a perspective, TCS has a revenue in excess of $20billion. There are thousands of small and midcap companies.
Thats TCS revenue. Most of it is due to onsite people billing in onsite which RBI counts as "exports" despite money never touching india shore.
Your RBI claims for year 2019-20 (which is mostly in 2019) - software exports are $128 billion of which US share is 55.6% or some $72 billion. You can see here :
Whereas as per US govt. the entire service imports from india 2019 (EVERYTHING) is $25 billions. And US reports telecommunication and software imports as only $11 billion.
https://apps.bea.gov/iTable/iTable.cfm?reqid=62&step=9&isuri=1&6210=4
look at line 104 and 154.
Why such huge discrepreancy ?
.
retaxis
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anything India does x 10 is roughly equivalent to china. GDP, GDP per capita, Exports etc etc
lonelyman
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wow, look at the hubris, you could use some of the experience joining your brave Jawans play Simon says in front of PLA
well researched
Boeing too cheap to outsource critical job to Indians to save a few bucks, look at the 737 Max disaster
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India’s share of trade among developing nations dips, China leads exporter with a share of 34% of the world developing economies
Updated: 06 Nov 2021, 05:59 AM IST
India’s exports contracted 14.7% to $276.5 billion in 2020, while imports dipped by 23.2% to $373.3 billion as the pandemic disrupted supply chains and a recession in many developed countries reduced demand for goods (Photo: Mint)
India slipped a notch each in its share of merchandise imports and exports by developing countries to the rest of the world to fourth and eighth position in 2020, according to the World Trade Organization
However, India improved a notch to the second position among exporting developing countries in commercial services trade. For imports, the country remained unchanged in the third position.
According to a report by the WTO’s Committee on Trade and Development, India’s share in merchandise exports by developing countries dropped to 3.6% in 2020 from 3.9% in 2018, while its share in merchandise imports by developing countries fell to 5.2% from 6.4%.
In services exports, India’s share rose to 14% in 2020 from 11% in 2018, while in services imports, its share increased to 9.4% from 8.1%, even as its ranking remained the same. Among the top 10 export destinations of developing countries, India slipped from the ninth position in 2018 to the 10th in 2020.
India’s exports contracted 14.7% to $276.5 billion in 2020, while imports dipped by 23.2% to $373.3 billion as the pandemic disrupted supply chains and a recession in many developed countries reduced demand for goods. As a result, merchandise exports of developing economies dropped by 6% in nominal terms in 2020, less than exports of the rest of the world (-9%).
In 2020, China and India, the top developing services exporters, saw slower declines than other developing economies. “China’s services exports were sustained particularly by strong growth in transport (+25%), ICT services (+10%), mainly computer services, and business services (+3%). Expanding IT services and business services (+5%) also helped India’s services. Before the pandemic, these sectors accounted for 65% of India’s services exports," the report said.
China, South Korea and Mexico remained the top merchandise traders among developing economies. The order of the top four merchandise exporters did not change between 2018 and 2020, with China being the leading exporter with a share of 34% in 2020, followed by South Korea (7%), Mexico (5%) and Singapore (5%).
Among the top 15 exporters, only Vietnam, Taiwan and China recorded export growth in 2020. The top two importers in 2018 and 2020 were China (share of 29% in 2020) and South Korea (7%). Mexico moved from the fourth position in 2018 to the third position in 2020 (5%), overtaking India.
Merchandise exports of developing economies continue to be dominated by exports of manufactured goods. Out of the seven other top 10 exporters, India (-15%), Turkey (-7%), Thailand (-2%) suffered declines in manufacturing exports. China, India, South Korea, Singapore, and the UAE were the top importers of fuels and mining products.
In agriculture, the top exporters in developing Asia were China, Indonesia, Thailand, India and Vietnam.
Business News Today: Read Latest Business News, Live India Share Market News, Finance & Economy News | Mint
Business News: Read latest Business News headlines, LIVE share market news and updates, financial, economic and banking news from India & across the World on Mint.www.livemint.com
South Korea, the world's most advanced technologically country, is a "developing" country, meanwhile India is a superpower, Nigeria is a global superpower, Tanzania is an emerging superpower and Greece, Portugal, Italy or Ireland are "developed" countries.
Even in GDP per capita wise, South Korea can easily be among the world's richest if the value of won, which is manipulated and undervalued, increases to its true market exchange rate.
What kind of definitions the liberal democracies media / institutions are making up?. I want Vietnam to be forever a "developing" country like China and South Korea, not a "developed" one like Italy.
(I have been to all these three countries and lived in Korea for quite a long time).
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So korea offers a better lifestyle than Italy ?
It depends on various factors, especially your taste to say which one is better. But if you want to live in a dynamic, technologically advanced, highly educated and harworking, disciplined and orderly country, then Korea is better.
I tend to agree. But which is wealthy though ? i am guessing italy - its possible both have similiar per capita but italy was prosperous for a long while and it may have more accumulated wealth.
I know. Italy is definitely richer, although both have similar GDP per capita. There are still slums even in the center of Seoul.
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