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Bilateral trade and economic growth of China and India: A comparative study

This research paper is an attempt to examine the Bilateral Trade and Economic Growth between China and India, it also gives attention to draw outcome of trade, economic cooperation in future. | Bilateral trade and economic growth of China and India A comparative study Accounting 2 2016 117 128 Contents lists available at GrowingScience Accounting homepage www.GrowingScience.com ac ac.html Bilateral trade and economic growth of China and India A comparative study Sibghat Ullah Farooqui Department of Commerce Aligarh Muslim University Aligarh Uttar Pradesh India-202002 CHRONICLE ABSTRACT Article history This research paper is an attempt to examine the Bilateral Trade and Economic Growth Received October 5 2015 between China and India it also gives attention to draw outcome of trade economic Received in revised format cooperation in future. They are the fastest growing economies in Asia as well as in the world. December 16 2015 Both economies are classified by many international agencies as emerging markets with Accepted February 16 2016 Available online prospective for rapid economy growth. They play an increasingly dominant role in world February 16 2016 economy affair. Especially this paper investigates the major trends and changes in the Import- Keywords Export Terms of Trade TOT Total Trade Gross Domestic Product GDP and Trade Bilateral import-export Openness. By applying various statistical techniques the results reveal that China has leading Terms of trade TOT trading partner with India and across the world. The findings are also used to draw policy Total trade implications for future trade and economic co-operation between two Asian developing Gross domestic product GDP economics. The results clearly showed the supremacy of China over India but India also Trade openness elucidates the sign of prominent growing economies in the world. 2016 Growing Science Ltd. All rights reserved. 1. Introduction Trade is an important fuel of economic growth China and India are two emerging economies of the world. The growth rates of China and India are estimated at 7.38 7.17 in 2014 respectively. During the period 1980-2014 Average growth domestic product GDP .