According to the Survey, it is possible that the world’s carrying capacity will actually be much greater for India’s services than it was for China’s goods. (Representational image) According to the Survey, it is possible that the world’s carrying capacity will actually be much greater for India’s services than it was for China’s goods. Adding to its point, it said that the political backlash against globalisation in advanced countries, and China’s difficulties in rebalancing its economy, could have major implications on India’s economic prospects. Put differently, India’s services exports growth will test the world’s globalisation carrying capacity in services. According to the Survey, it is possible that the world’s carrying capacity will actually be much greater for India’s services than it was for China’s goods.

Source: Indian Express January 31, 2017 21:00 UTC