G20 and India

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Trade:India and the G20

The Times of India

Jan 31 2015

Export(goods), growth and share in world exports:2002 and 2013- India and G20;Source:Statistical Year Book, India:2015;exports figures in billion USD

Trading Places

The G-20 is a group of the world's 19 major economies and the European Union. Together, they account for about 80% of world trade. A comparison of exports from these economies shows that between 2002 and 2013, the compound annual growth rate (CAGR) of merchandise exports from India was 18.3%, second only to China, whose exports grew at 19% annually. Despite this, India's exports were only 1.7% of global exports, against 12% for China, which has the highest share. The US and Germany's shares were 8.6% and 7.9% respectively, second and third highest though the EU's share as a block was more.