Information About ™Chindia |
| CATEGORIES ABOUT CHINDIA | |
| economy of india | |
| economy of the peoples republic of china | |
| foreign relations of india | |
| foreign relations of the peoples republic of china | |
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China and India are geographically proximate, are both regarded as developing countries and are both among the fastest growing economies in the world. Together, they account for one-third of the human population. They have been named as countries with highest growing potential for the next 50 years in the BRIC report. The economic strengths of these two countries are widely considered complementary - China is perceived to be strong in manufacturing and infrastructure while India is perceived to be strong in services but particularly weak in infrastructure. In particular, China is strong in Hardware while India is strong in Software . China is stronger in physical markets while India is stronger in financial markets. The countries also share certain historical interactions -- the spread of Buddhism from India to China and trade on the Silk Route are famous examples. Indian intellectuals such as Jairam Ramesh and Subramanian Swamy have called for closer co-operation between the two countries. Opposition to the term There are large and India being the world's largest Democracy . Land reforms took place in China in the late 1970s and market reforms started in the 1980s helped China become more capitalistic and economically developed than India. Land reforms in India are still stalled by India's red tape bureaucracy and other reforms in India have slowly started only in the early 1990s. The commonly cited complementary nature of China and India's economies is also being questioned as services in China is rapidly growing and threatening to match or overtake India's service industry within a decade. Additionally, the Sino-Indian War of 1962 has meant that relations between the countries have been cautious and slow. SEE ALSO FURTHER READING
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