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India China Trade Relationship
India has a large trade imbalance with China, the country’s largest exporter. While the cost of imports from our neighbor has decreased, their portion of the total pie has increased from 13.68 percent the previous fiscal year.
According to data from the government-backed Invest India, India is China’s seventh-largest export market.
Investments from China in India
- China is a major source of foreign direct investment.
- Electrical Devices
- Metallurgical equipment
- Automobiles
- Chemicals
- Renewable energy
- These are some examples of investment companies.
Tourism – India China Trade Relationship
The number of people traveling between India and China is increasing. That was the case before the Covid-19 epidemic, at least. Mainland China was India’s eighth-largest market in 2018, accounting for roughly 3% of overall arrivals. As per information from the Tourism Ministry of India, the number of visitors increased from 1,371 in 1981 to 2.8 lakh in 2018, rising at an annualized rate of 32.4 percent. Nearly half of the visitors were there for business, while the other half were there for pleasure.
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