What did the effects of influence of china on Indian economy
Effects of influence of china on Indian economy very huge. China come second largest economy of the world estimated nominal GDP $ 16642318 at 2021. Indian economy accounted export of 5 % percentage to china and import 14% percentage from china.
Effects of influence of china economy on indian economy clearly increased almost 62% percent seen from data collected at 2021 from bilateral trade. Indian economy made bilateral trade with China increased upto $ 57.48 billion at 2021.
Indian economy export to china increased to 69.6% percent. Though export increased with china but trade deficit also climbed up to $ 55.6 percent.
India only able to export 5 percent of goods produced inside country to China. On the other hand china import his goods 14 percent to India. Many times important talks done between two countries government authorities to reduce the India trade deficit but nothing happening nicely. The trade deficit of Indian economy recorded $48.56 billion.
How much China economy dependent on India
World top largest economy country name are America first largest economy, China second largest economy and India fifth largest economy.
China export his goods and services in larger quantity inside indian market.
Goods exported from china like smartphones, electrical appliances, implements of power plants, children toys, festival lighting, automobile parts, steel furnished, pharmaceutical treatment, plastic, goods, chemicals, metro rail coach, fertilizers etc.
China economy made FDI on India market in between $6 billion to $8 billion dollars. Smartphones manufactured in China covered 75 percent.
China made investment inside India direct way through corporate sectors like technology and infrastructure sectors.
China made investment deep inside investment in indian economy clearly seen from data collection trades reading of Chinese products imports to India.
Chinese money entered into India market in form of mobile phones, pharmaceutical, chemical, toys and etc. 75 percent of India smartphones market covered by Chinese smartphones companies.
Chinese investors invested their money in India economy in many start-up. India startup invested by Chinese investors impact inside indian economy start up like paytm, ola, snapdeal.
Chinese investors increased there investment cashflow inside indian economy to earn huge profit from Indian market.
India economy increased export more than 25 percentage and more than 4.5 percentage export to china.
China company invented 5G mobile network services earlier than Indian companies working on mobile networks. 5G mobile services provided high speed internet connection with foundation base to working efficiently for government and buisness.
China have got 5G break through in mobile technology and can take advantages of 5G technology and make huge presence inside Indian economy.
India is dependent on china for which products
China is world second largest producer of most world goods and services. India imported most of critical and important goods from China.
Goods of china import like smartphones, pharmaceutical drugs, automobile parts, toys and etc. Indian economy trying lot to reduce dependent from china goods.
Indian companies have effects of China on indian economy. Five top companies of Indian economy have effects of influence of china on their profits earning.
Tata motors one of the famous company of Indian economy and hold high working reputation inside country market and also hold other countries market. TATA motors company earning most of earning revenue 85 percent from jaugaur land rover.
Tata auto mobile multinational company manufacturing many luxurious cars, truck, buses and military vehicles etc inside indian economy.
China market have high demand for jaugaur land rover luxurious car. China market is a key market for Tata auto mobile multinational company.
Tata auto mobile multinational company of India increased profit from Chinese market due to lifted up demand for luxurious car and sports cars.
VIP industry have great effect of influence of china on Indian economy because VIP industry raw demand full filled from china.
Arround 50-60 percent raw material come from china for VIP industry which used for manufacturing luxurious bags for luggages and travels.
Economic impact of India-china conflict
India and China are the two important economic power of the world. Economic impact of India-china conflict very huge because these two countries are economic power in world economic system.
India and China trade going to increase 200 billion US dollars till the end of 2022. India imports huge amount of automobile parts, smartphones and pharmaceutical medicine. China also imports India side goods like steels, and raw material for their industry, etc.
Economic impact of India-china conflict on India will be huge because chinese investors has made investment in huge amount in various start up running inside indian economy. China share in economic development of India increasing every year.
Data collection from world bank at 2019 financial year china 14,279.90 billion US dollars which equals to 4.042 percentage of total GDP growth of India. Effects of influence of China on Indian economy increased every year.
Tik-tok and many more chinese app had banned by central government of India due to some national security issue. Technology companies of China had got banned in india due to which china economy got an economic impact of India-china conflict.