India has overtaken China in exports growth rate recording an increase of 16.1 per cent in 2011, topping the list of all major trading countries in the world. The WTO Report 2012 said, India had the fastest export growth among major traders in 2011.
China had the second-fastest export growth of any major economy at 9.3 per cent. According to experts, the Indian government's and exporters' endeavour of diversification of export markets have benefitted the country's shipments.
According to the Director of the Indian Institute of Foreign Trade Mr. K T Chaco, mainly the diversification of markets to West Asian countries, South East Asia and China have yielded good results for Indian exports. Federation of Indian Export Organisations President Rafeeq Ahmed also said market and product diversification strategy have yielded positive results.
China had the second-fastest export growth of any major economy at 9.3 per cent. According to experts, the Indian government's and exporters' endeavour of diversification of export markets have benefitted the country's shipments.
According to the Director of the Indian Institute of Foreign Trade Mr. K T Chaco, mainly the diversification of markets to West Asian countries, South East Asia and China have yielded good results for Indian exports. Federation of Indian Export Organisations President Rafeeq Ahmed also said market and product diversification strategy have yielded positive results.
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