BEYOND BORDERS: ASSESSING THE IMPACT OF THE BELT AND ROAD INITIATIVE ON CHINA-INDIA ECONOMIC COOPERATION
Abstract
This paper extensively focuses on assessing the potential impacts that the Belt and Road Initiative can have on the relationship between India and China, with specific emphasis on the dynamics of the economic cooperation between these two countries. India and China have been close trading partners over the years and much of this can be attributed to the similar nature of the economies, the geographical advantage and also to different trade agreements and various dialogue mechanisms over the years. But, in the current period, there have been considerable geopolitical tensions between these two economies. In this context, the BRI can have mixed implications on the relationship between China and India. As per the findings of this paper, there are some visibly adverse impacts of the BRI on the current economic and trading relationships between China and India, with India being at a less advantageous point, when the bilateral trade relations of these countries are concerned. The main reason behind this can be attributed to India’s reliance on Chinese exports even in the current period. However, India is only partially reliant on the Chinese markets for their exports or on the Chinese FDIs for the economic and industrial development of the country, especially in the current period.
Keyword : India-China trade relations, Belt Road Initiative, FDI between India and China, Exports and Imports, Chinese FDI inflow
This work is licensed under a Creative Commons Attribution 4.0 International License.
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