Before seeing the economy today we shall get to know what is gdp of a nation. It is nothing but the transfer of commodities and services from one country to another in terms of cash constitutes the gdp on a nation. Gross exports are always greater than the gross imports for most of the nations.
The universal style is that the industrially superior developed nations account for the principal share of World exports but of current developing nations like China and India are becoming more and more major exporters in the World scenario.
The sell to other countries growth rate of the world during fiscal year 2004 was roughly 22 percent, a huge raise from about 6.0 percent in 2003. In the last fiscal (2006) imports improved drastically in relationship to earlier years but on the other hand it could not surpass the slowing exports.
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