Advertisement

Future of India-China Relations: A Key Role to the Global Economy

  • Nitin KumarEmail author
  • Sita Shah
Conference paper
Part of the Advances in Intelligent Systems and Computing book series (AISC, volume 1002)

Abstract

This study is aimed at exploring the influence of India-China relationship on the global economy and its extent of control on global economy dynamics. Due to the mass population, the two countries have the potential to increase and influence the global economy. In this study, an extensive literature review, export and import and competitiveness index secondary data were used to explore the current position of India and China in the global economy. A SWOT analysis was used to analyze the future relation. The findings show that the growth of business between India and China is positive but there is still an imbalance of trade between the two countries. It also indicates that Indias economy is getting despondency and more competitive, that directly effect on global economy. According to the Global Competitiveness Index (GCI) score report, China has a better rank compared to India, so the strong relationship can help India improve its GCI Index. Finally, the economy relations can be improved by introducing better public services and good policymaking.

Keywords

India China Global economy Trade Future relation Competitiveness index 

References

  1. 1.
    Scott, D.: The rise of india: UK perspectives. Int. Aff., 165–188 (2017)CrossRefGoogle Scholar
  2. 2.
    Arif, S.M.: A history of Sino-Indian relations: from conflict to cooperation. Int. J. Polit. Sci. Dev. 1(4), 129–137 (2013)Google Scholar
  3. 3.
    Ayyub, S.: Indo-China trade relations: present trends and future prospects. Iqra Int. Manag. J., 34–51 (2012)Google Scholar
  4. 4.
    Bhandari, D., Shrimali, G.: The perform, achieve and trade scheme in India: an effectiveness analysis. Renew. Sustain. Energy Rev., 1286–1295 (2017)CrossRefGoogle Scholar
  5. 5.
    Bussière, M., Mehl, A.: China’s and India’s roles in global trade and finance: twin titans for the new millennium? EBSCO Publishing, 14–29 (2008)Google Scholar
  6. 6.
    Government of India Ministry of Commerce. Indias foreign trade (2017)Google Scholar
  7. 7.
    Coxhead, I., Jayasuriya, S.: China, India and the commodity boom: economic and environmental implications for low-income countries. World Econ., 525–551 (2010)CrossRefGoogle Scholar
  8. 8.
    Factbook, C.: The world factbook. Central intelligence agency (2011)Google Scholar
  9. 9.
    Hölscher, J., Marelli, E., Signorelli, M.: China and India in the global economy. Econ. Syst. 34(3), 212–217 (2010)CrossRefGoogle Scholar
  10. 10.
    Kapur, A.: Can the two Asian giants reach a political settlement? Asian Educ. Dev. Stud. 5(1), 94–108 (2016)CrossRefGoogle Scholar
  11. 11.
    Khan, Z.: China-India growing strides for competing strategies and possibility of conflict in the Asia-Pacific region: China-India competition for Asia-Pacific. Pac. Focus 31(2), 232–253 (2016)CrossRefGoogle Scholar
  12. 12.
    Kong, H.: Special section on India-China relations in the early 20th century. 173–175 (2014)Google Scholar
  13. 13.
    Marelli, E., Signorelli, M.: China and India: openness, trade and effects on economic growth. Eur. J. Comp. Econ. 8(1), 129–155 (2011)Google Scholar
  14. 14.
    Mazumdar, S.: India’s economy: some reflections on its shaky future. Futures 56, 22–29 (2014)CrossRefGoogle Scholar
  15. 15.
    Menon, S.: China, the world and India. China Rep. 52(2), 129–137 (2016)MathSciNetCrossRefGoogle Scholar
  16. 16.
    Menon, S.: Some thoughts on India, China and asia-pacific regional security. China Rep. 53(2), 188–213 (2017)CrossRefGoogle Scholar
  17. 17.
    Muthiah, K.: CHINDIA—the changing times of China and India bilateral relations. Manag. Res. Rev. 33(1), 23–40 (2009)CrossRefGoogle Scholar
  18. 18.
    Narlikar, A.: India’s role in global governance: a modification? Int. Aff. 93(1), 93–111 (2017a)CrossRefGoogle Scholar
  19. 19.
    Overholt, W.H.: China and the evolution of the world economy. China Econ. Rev. 40, 267–271 (2016)CrossRefGoogle Scholar
  20. 20.
    Pant, H.V.: Rising China in India’s vicinity: a rivalry takes shape in Asia. Camb. Rev. Int. Aff., 1–18 (2016)Google Scholar
  21. 21.
    Perkins, J.O.N.: Macro-Economic Policy. Routledge (2018)Google Scholar
  22. 22.
    Roy, A., Mathur, S.K.: Bilateral trade costs and growth of trade in services: a comparative study of India and China. In: Theorizing International Trade (2017)Google Scholar
  23. 23.
    Rui, W., Yong, G., Liu, W.: Trends of natural resource footprints in the BRIC countries. J. Clean. Prod. 142, 775–782 (2016)Google Scholar
  24. 24.
    Salitsky, A., Shakhmatov, A.: China and India: new drivers of the global economy? Her. Russ. Acad. Sci. 3, 453–458 (2013)Google Scholar
  25. 25.
    Saran, S.: Changing dynamics in India-China relations. China Rep. 53(2) (2017)CrossRefGoogle Scholar
  26. 26.
    Schwab, K.: The global competitiveness report 2017–2018. World Economic Forum (2017)Google Scholar
  27. 27.
    Schwartz, N.D., Abrams, R.: Advisers work to calm fearful investors. N. Y. Times 25, 5–6 (2015)Google Scholar
  28. 28.
    Singh, S.: India-China relations: perception, problems, potential. South Asian Surv. 15(1), 83–98 (2008)CrossRefGoogle Scholar
  29. 29.
    Wang, H., Miao, L.: China Goes Global. Palgrave Macmillan, London (2016)CrossRefGoogle Scholar
  30. 30.
    Weber, E.: Economic reform, social development and conflict in India. Reg. Sci. Policy Pract. 4(3), 207–230 (2012)CrossRefGoogle Scholar
  31. 31.
    Workman, D.: Chinas top trading partners (2019)Google Scholar

Copyright information

© Springer Nature Switzerland AG 2020

Authors and Affiliations

  1. 1.Business School, Sichuan UniversityChengduPeople’s Republic of China

Personalised recommendations