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Comparative Development Experiences of India — Economics STD 12 Humanities & Commerce — Question

Rajasthan BoardEnglish MediumSTD 12 Humanities & CommerceEconomicsComparative Development Experiences of India6 Marks
Question
There is a general perception going around in India that there is sudden increase in dumping of Chinese goods into India which will have implications for manufacturing sector in India and also that we do not engage ourselves in trading with our neighbouring nations. Look at the following table, which shows export from India to, and imports from, Pakistan and China. Interpret the results.
Country Exports from india(₹ in crore) Imports to India(₹ in crore)
2004-05 2014-15 Annual Rate of Frowth(%) 2004-05 2014-15 Annual Rate of Growth(%)
Pakistan 2,341 11,351 39 427 3,041 61
China 25,232 73,038 19 31,892 3,69,541 106
✓

Answer

The above table reveals that trade with Pakistan and China has grown over the years. But what is disturbing, is the fact that imports have grown more than the exports. Also, imports from China have grown at a staggering rate of 106%. This statistic helps in proving the perception that there is sudden increase in dumping of Chinese goods into India. This definitely will affect our secondary sector adversely.

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