How India is dependent on China?

Can India reduce dependence on China?

India has the ability to reduce dependence on China, cut deficit: Report. In FY20, India imported goods and services valued at $ 65.1 billion to China and could only garner $ 16.6 billion in exports resulting in a trade deficit of $ 48.5 billion, it said.

Is India reliant on China?

Indeed, if anything, India’s trade dependence on China grew – trade with Beijing in 2020-21 made up nearly 13 per cent of India’s total trade compared to 10.4 per cent the year before. Meanwhile, Chinese imports made up 16.6 per cent of India’s total imports, compared to 13.7 per cent the year before.

Which Indian companies are dependent on China?

Here are 5 Indian companies with a huge exposure to China.

  • #1 Tata Motors. Tata Motors is an Indian multinational automotive manufacturing company that produces passenger cars, trucks, buses, sports cars, and military vehicles. …
  • #2 VIP Industries. …
  • #3 Voltas. …
  • #4 Caplin Point Laboratories. …
  • #5 Kingfa Science & Technology.

Is China important to India?

China and India are two of the major regional powers in Asia, and are the two most populous countries and among the fastest growing major economies in the world. … In 2008, China became India’s largest trading partner and the two countries have also extended their strategic and military relations.

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Is India greater than China?

China is about 2.9 times bigger than India.

India is approximately 3,287,263 sq km, while China is approximately 9,596,960 sq km, making China 192% larger than India. Meanwhile, the population of India is ~1.3 billion people (67.9 million more people live in China).

How much money does China earn from India?

India top 5 Export and Import partners 2019

India exports to China worth US$ 17,279 million, with a partner share of 5.35 percent. India exports to Hong Kong, China worth US$ 11,478 million, with a partner share of 3.55 percent. India exports to Singapore worth US$ 10,739 million, with a partner share of 3.32 percent.

Does India rely on imports?

In 2020-21, Indian imports were valued at $388.92 billion, an 18 percent drop from 2019-20, when the country imported goods and services worth $474.71 billion. In the last financial year, Indian exports stood at $290.18 billion, down 7.4 percent from $313.36 billion in 2019-20.

Does India depend on other countries?

Countries considered India’s closest include the Russian Federation, Israel, Afghanistan, France, Bhutan, Bangladesh, and the United States. Russia is the largest supplier of military equipment to India, followed by Israel and France.

Is India dependent on imports?

China has the largest share in India’s imports — more than 18 per cent in April-September 2020. … “Furthermore, by way of identifying tariff lines where India is critically dependent on one country for its imports, the same could become the key lines for setting up and expanding domestic production capacity,” it added.

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Does India buy from China?

In 2020, India imported goods worth $58.71 billion from China. This makes China India’s top import partner. Major Chinese imports included consumer electronics, telecom instruments, computer hardware and peripherals, electrical equipment, fertilisers and chemicals.

Is there any Indian company in Pakistan?

Some companies like Apollo Tyres, Marico and JK Tyres sell their products legitimately, while the products of others like Dabur, Pioma Industries, The Himalaya Drug Company, Kothari Foods, House of Malhotra, Jagatjit Industries (Pakistanis love Aristocrat whisky) usually land up in the market through grey channels or …

How many Indian companies are Chinese?

The research covers the 54 Indian companies operating in China, which have presence across multiple industries such as manufacturing, healthcare and financial services.