The Economy of India’s Import and Export Sector

 India’s recent growth is a part of of a golden

age of development for Asia during years of

globalization 1980-2000.

 From 1980 to 2000, the absolute incomes of

the industrialized countries’ middle class

“slowed down to a crawl—-only 1.2 percent a

year, a third of that experienced by their

parents—-[while] that of Asian elites slowed

down only marginally—-to 2.9 percent”

 The impact of this has been most substantial

among the world’s middle class (income range

of $10-$40 a day or annual purchasing-power

equivalent income, at 1993 prices, between

$3,650 and $14,600).

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