India's creative goods exports nearly tripled from USD 7.4 billion in 2005 to USD 20.2 billion in 2014, making it one of the world's leading exporters of such products in the top 10 developing economies, according to a UN report.
China is the biggest single exporter and importer of creative goods and services. China's trade in creative goods between 2002 and 2015 has been exponential, with average annual growth rates of 14 per cent, the United Nations Conference on Trade & Development (UNCTAD) report said.
"China, Hong Kong (China), India, Singapore, Taiwan Province of China, Turkey, Thailand, Malaysia, Mexico and the Philippines were the top 10 performing developing economies stimulating global trade in creative goods," the report said.
Among developed economies, the US, France, Italy, the UK, Germany, Switzerland, the Netherlands, Poland, Belgium and Japan were the top 10 creative goods exporters. India's creative goods exports nearly tripled from USD 7.4 billion in 2005 to USD 20.2 billion in 2014, the report said.
Source :- Dailyshippingtimes.com