BOTH China and India have reported a steep decline in exports this month. However, this data doesn’t show the shift in the global economy: that India is now more closely integrated with the world economy than China is.
It is well-known that the Chinese economic success story was powered by exports. But since 2008, China has been trying to rebalance its economy towards domestic demand. On the other hand, India was never that dependent on exports for its economic growth.
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