China and India’s participation in world trade of commercial services

In this paper we analyze the international trade in commercial services of China and India during 2005 to 2015. We find that progressively expansion of global trade in services in China and India today, with share of 6.01 and 3.27 percent in global exports as well as 10.11 and 2.65 percent in global imports of commercial services in the year 2015, and with 15.08 percent and 19.52 percent overall mean growth in exports and imports of commercial services in China in the span of 11 years ( i.e. 2005 to 2015), whereas in the same span overall mean growth in exports and imports of commercial services in Indian economy were 12.46 percent and 11.15 percent. Transport and travel account for the magnitude of nearly 50 percent of China economy’s exports of commercial services, on an average 19.73 per cent and 31.32 per cent, respectively in since 2005 to 2015, whereas combined share of volume of transport and travel of Indian economy’s exports of commercial services, on an average almost 25 per cent and severally 11.78 percent and 12.58 percent, consecutively. Nevertheless, Chinese economy’s share in exports of commercial services continues to lag behind in comparison to India in higher-skilled and medium-skilled services, such as insurance and pension services; financial services; telecommunications, computer, and information services; Other business services; and Personal, cultural, and recreational services, on an average 0.32 percent, 3.15 percent, 28.27 percent, 11.12 percent, 0.63 percent, respectively in the corresponding span of study. On the other hand, Indian economy’s share in exports of commercial services continues to lag behind in comparison to China in services, like goods-related services; travel; transport, and charges for the use of intellectual property on an average 13.59 percent, 18.74 percent, 7.95 percent, and 0.12 percent, respectively during the study period. It remains challenges to these economies. This paper examines the participation of China and India in world trade of commercial services, with a point of view to seeking the thrust areas for exports of commercial for India and China..Using UNCTAD Handbook of Statistics, UNCTAD Stat., latest trade trends jointly produced by WTO and UNCTAD according to BPM6 presentation and WTO’s statistical publication, we first highlight the share of China and India in world trade of commercial services, analyze the China and India’s global trade of commercial services. Finally, to structure of China and India exports of commercial services and comparison between them to investigate several parameters being world trade in commercial services of China and India may go ahead in remaining global services.

Author: 
Dr. Ajab Singh
Journal Name: 
Int J Inf Res Rev
Volume No: 
04
Issue No: 
04
Year: 
2017
Paper Number: 
2046
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David Johnson
Jessica Parker
Sarah Conor
John Franklin