Chart on Exports of Goods and Services China and India
India and China are on different development paths. While China is focusing on the export of manufactured goods, India is a strong contender in the export of services. Due to rapid globalization and the opening up of their economies, India and China have seen a trade boom and an increased inflow of foreign investment. China’s surging goods production laid the foundation for a rapidly expanding export sector, while India built up its niche in the global services market.
Source: http://www.dallasfed.org/research/eclett/2008/el0808.html
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