India China Relations: It’s All About Money Honey

 When Chinese premier Wen Jiabao made his long awaited visit to the Indian republic, he was dead sure at the rock solid economic ties with world’s largest democracy and an emerging super power. The most lucrative focus he tried to make was to enforce highly beneficial business treaties with each other and a sustained business relationship in long run.

A Shadow beyond war:

After cold bilateral relations finally both the countries have decided firmly on rebalancing the financial transactions between the two Asian powers.  The enhanced trade facilitation that China allowed to India is evident in the Pharma, IT and Engineering domain and the wholesome amount of this deficit is around USD 20 billion. With the possible financial treaties with India, China was all set to the combat the rising inflation mess in the country. In current scenario various Chinese financial institutions are keying their focus on infrastructure financing to prevent excess money supply from adding to inflation.

Despite all the decorum to depict a gradual growth in dipping warmth, trust deficit seemed high during the China’s premier journey. The unfortunate war in 1962 already had created the enough damage as it created notable variations in India’s diplomatic, ideological and bilateral relations with India. Earlier China was bit concerned due to the growing fraternity of Indian leaders and diplomats with Russia and USA however the picture is bit changed now. Currently China is placed in different circumstances with world’s big economic power and political setup.

If trade experts are to be believed, in year 2006 bilateral trade between India and China was registered around US$ 25.05 billion. The race continued with US$ 38.69 billion in 2007 and US$ 51.8 billion in 2008. India’s major export to the China comes in the form of iron ore, cotton, organic chemicals and copper.

Trust Deficit still prevails:

Several trade theories are prevailed about the trade between two countries but the essence behind every theory extends that within some years to come China and India will be the two largest and strongest economies in the world. Several global economic statistics say that India could be the most preferred trade partner of China after the US, the EU, and Japan. The trade relation between two countries is also a trendsetter for the mutual partnership since a number of companies have established and exchanged their presence in the both the countries. Indian ventures like Bharat Forge, TCS, and Infosys could be spotted in China and likely Haier and Huawei have setup their ventures in India. The global phenomenon that’s now being witnessed in the South Asia is all ready to set new dimensions in the global trade and mutual relationship.

Comments

Post a Comment

Popular posts from this blog

Let’s have open Discussion on this Indian IT A

Image
  The first ever documented facts on freedom of speech were way back in 399BC when Socrates speaks to jury at his trial: ‘If you offered to let me off this time on condition I am not any longer to speak my mind… I should say to you, “Men of Athens, I shall obey the Gods rather than you.”‘ Cut two, 2015: Supreme Court struck down Article 66A and the freedom of speech and expressions prevails. Will it happen? Not until we decide to take care of the following: Awareness of rights and responsibilities We all know that the rights and responsibilities are the two sides of the same coin. Before demanding for your rights as the citizens of a country, one must abide by the rules too. While the article 19(1)(a) does gives us the right to freedom of speech and expression, it also has the conditional clause of “reasonable restrictions” under Article 19(2) of the Constitution of India, on the exercise of the right to freedom of speech and expression on the following grounds: • Security of State • F
Read more

Let’s all be human first and not men and women !

Image
  “Women Empowerment”, the very topic has been discussed so much in almost every forum and every possible live event that it seems a challenge to write something new and relevant on it.Hence, it’s human empowerment for me. Surprisingly, as per Old English Etymology, the word “man” means “a thinker” or “to have a cognitive mind” and it was used with no reference to gender, i.e., for male and female both. As the civilizations changed, the meaning changed too and today we use men and women, male and female etc. to categorize the humans. It is important for me to refer to these details because the premises on which I am proposing the ideas of women empowerment solely lies on it. What do we have achieved so far? After 68 years of independence, we do have the framework and constitutional rights in place for women to ensure the upliftment and better life for them. The only place we lack is the implementation of the same to every nook and corner of India. The challenge also lies in being the l
Read more

Tapping the potential of Indian Youth

Image
  Youth! The UN, for statistical consistency across regions, defines ‘youth’, as those persons between the ages of 15 and 24 years, without prejudice to other definitions by Member States. With 28% of population of India in the age category of 10-24 years, we need to take the risk now or never. As quoted by Swami Vivekananda “Take risks in life, if you win, you can lead! If you lose, you can guide!” Whether we become the leader or a follower is secondary, at least we all will have something to do in life. Easier said than done? May be any of these clicks for us: Start Early When our young gen can handle mobiles, computers, video games and what not; they can learn other skills too during their academic years. The only requirement is to tweak the curriculum and make it more vocation based. Readers from 80’s and 90’s can easily recall the SUPW classes in their school. They learnt vocational skills like candle making, carpentry, embroidery etc. Today, it’s not only essential to make them i
Read more