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Question
Compare and analyse the following information related to Imports and Exports of the three neighbouring nations:
| Country | Exports from India (in ₹ Crore) |
Imports to India (in ₹ Crore) | ||||
| 2004- 05 | 2018-19 | Annual rate of growth (%) | 2004-05 | 2018-19 | Annual rate of growth (%) | |
| Pakistan | 2,341 | 14,426 | 3.7 | 427 | 3,476 | 5.1 |
| China | 25,232 | 1,17,289 | 2.6 | 31,892 | 4,92,079 | 10.3 |
Solution
The above table shows that during the given periods the Exports from India to Pakistan have increased at an annualized rate of 3.7% while the same with China shows 2.6% of growth. On the other hand, India’s imports from China accounted for a massive 10.3%. The corresponding figure with Pakistan witnessed an average of 5.1% respectively.
The situation indicates that Indian imports from China are too high in comparison to the exports to China. This shows that the Indian economy was over-dependent on the Chinese economy for goods and services, over the given period of time. Whereas, in the case of Pakistan gap is quite narrow, which may be due to various reasons.
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RELATED QUESTIONS
What similar developmental strategies have India and Pakistan followed for their respective developmental paths?
Evaluate the various factors that led to the rapid growth in economic development in China.
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Compare and analyse the Annual Growth rate of population of India and China.
| Country | Annual Growth rate of population (2015) |
| India | 1.2% |
| China | 0.5% |
Assertion (A): During 1980's, economic growth rate of Pakistan was more than that of India.
Reason (R): Pakistan followed the path of mixed economic structure with equal participation of the public and the private sector.
