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Sino-Indian Economic Relations
| Content Provider | Scilit |
|---|---|
| Author | Pathak, Sriparna |
| Copyright Year | 2020 |
| Description | The economic growth rates of India and China, particularly in the 21st century, have led to the coining of the term “Asian Century (亚洲世纪, Yazhou shiji)“. India and China both have emerged as significant players in the international system; and beyond their own positions in the system, they are also shaping discourses at the international level through their individual capacities as well as through multilateral regimes that they are part of. However, their similar stances on several issues and their mere geographical location within Asia do not mean the bilateral relations between the two are not fraught with tensions. Beyond the boundary dispute, imbalance in trade relations is a persistent irritant in bilateral relations. While the boundary dispute is a leftover from history, trade deficit has become a relatively newer yet constant feature of Sino-Indian relations – particularly in the past decade. In 2003-04, the gap between imports and exports was USD (United States Dollar) 1098.13 million, with the balance tilting in China's favour. In 2013-14, the deficit grew to USD 36,210.26 million, which was USD 51 billion in 2017 (Mallapur, 2018). The growth in deficit for India therefore in a span of ten years has been 319.74 per cent. If the current situation persists, India will experience an unsustainable trade deficit of USD 60,000 million. The high trade imbalance, therefore, is a major concern. While China often claims to face security concerns from the Indian side in market access for its products, Indian products simply face a range of tariff and non-tariff barriers in China. This chapter attempts to look at the thorny issues in Sino-Indian economic relations so as to understand a way forward for a smoother relationship in the economic realm between the two. The chapter is based on primary as well as secondary sources. Book Name: India and China |
| Related Links | https://api.taylorfrancis.com/content/chapters/edit/download?identifierName=doi&identifierValue=10.4324/9780429320538-3&type=chapterpdf |
| Ending Page | 52 |
| Page Count | 20 |
| Starting Page | 33 |
| DOI | 10.4324/9780429320538-3 |
| Language | English |
| Publisher | Informa UK Limited |
| Publisher Date | 2020-07-13 |
| Access Restriction | Open |
| Subject Keyword | Book Name: India and China |
| Content Type | Text |
| Resource Type | Chapter |
