INDIA & CHINA BILATERAL RELATION

India & China comparison

India China trade relations are the most important part of bilateral relations  for basic equality of world’s most populous countries and fastest growing economics. The India China trade relations are regulated by the India China JBC, which ensures a free exchange of products and services between the two nations.

 

 Indian Exports to China

The principal items of Indian exports to China are ores, slag and ash, iron and steel, plastics, organic chemicals, and cotton. In order to increase the extent of exporting Indian goods to China, however, there should be a special emphasis on investments and trade in services and knowledge-based sectors. The other potential items of trade between India and China are marine products, oil seeds, salt, inorganic chemicals, plastic, rubber, optical and medical equipment, and dairy products. Great potential also exists in areas like biotechnology, IT and ITES, health, education, tourism, and financial sector. 

 

Chinese Exports to India

The main items that comprise Chinese exports to India are electrical machinery and equipment, cement, organic chemicals, nuclear reactors, boilers, machinery, silk, mineral fuels, and oils. Value added items like electrical machinery dominates Chinese exports to India. This exhibits that Chinese exports to India are fairly diversified and includes resource-based products, manufactured items, and low and medium technology products. It is said that if India is to capture the markets of China and enjoy profits, then it would have to discover new merchandise and branch out its exports to China. 

The most imporatnt things is that India and China should keep in mind, that, to control the most populous country is not the easy task. Beside having most populous nation, both the countries government did a good job to there citizen by keeping peace relationship among the nation. Both India and China is totally different from the world’s economy in comparing the per capita GDP. Both the nations should discuss, on the issue how to generate more employment, in there nation regarding the two countries investment. Both India and China is focusing on fastest growing economy, hence it is very important that the two nation need to co-operate each other regarding the better development in every area.