BILATERAL TRADE RELATION BETWEEN INDIA-CHINA AND IMPACT OF TRADE ON INDIA’S GDP

India and China started to trade with each other from the very early period. Post 1980’s with the opening of economies of both countries the equation changed. China is one of the largest trading partners of India and India is one of the largest consumer market in the world. Besides this, China has emerged top three trading partners of India whereas India has emerged top ten trading partner of China. India is also looking to become superpower in the global economy. In this paper I have tried to find out the impact of Export to China and import from China on GDP of India. This paper took into account the GDP of India, Import from China and Export to China respectively from 2000-2018. This paper attempts to find out the impact of bilateral trade between indo- China between GDP of India. Further, due to large size of the economies and their composition, exports as well as imports and political will, the trade is supposed to grow and it would have significant impact on trade and economy. Moreover, in post covid-19 age and after all the tension along the LAC and trade war it will be interesting to see that in which direction trade moves whether in favour of India or against India.

 

Keywords: India, China, GDP, Export, Import, COVID-19.


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