Comparison of Demographic Changes in Shipbuilding Industry in India & China

Shipbuilding is known as one of the oldest, most open and highly competitive markets in the world. In time wood was replaced by iron and steel, leadership in the global shipbuilding went from hand to hand; from Great Britain to Japan, then to South Korea, and finally to China. Taking into account the possibility of strong economic growth in India, is presented. This is performed by comparing the expected impact on global ship building sector due to India. Conditions of expected global ship building growth rates and Indian growth rates which may yield another boom are presented. This paper studies the ship building and ship repair industry in India, specifically using China as a basis for comparison. An overview of the current shipping profile of India is presented followed by a comparative discussion to understand the reasons for India to lag behind China in this sector

Keywords: Dry dock; Shipping; Shipbuilding; Shipyard