History of Indian trade has extensive accounts about domestic trade in medieval India by the foreign travelers

1. History of Indian trade relation
SINO-INDIAN TRADE RELATION
Name- Deepshikha Roy
PGDM 2nd Semester
Institute:

2. Cultural and economic relations between China and India date back to ancient
times.
• The Silk Road not only served as a major trade route between India and China
• It is also credited for facilitating the spread of Buddhism from India to East
Asia.
• During the 19th century, China was involved in a growing opium trade with the
East India Company, which exported opium grown in India.
• During World War II, both British India and Republic of China played a
crucial role in halting the progress of Imperial Japan.
SINO-INDIAN TRADE RELATION

3. • The rapid expansion of India-China bilateral trade since the beginning of this century propelled
China to emerge as our largest goods trading partner by 2008, a position which China continues to
hold today.
• Since beginning of the current decade, bilateral trade between the two countries recorded exponential
growth. In 2017 and 2018, the bilateral trade has registered robust two digit growth.
• In the year 2019, India was the 12th largest trade partner of China. However, in the year 2020, India
became the 16th largest trade partner of China.
• The total bilateral trade witnessed a reduction of 5.64% year on year to reach US $ 87.65 billion, due to
Covid-19 implications.
• India’s exports to China increased by 16.15% y-o-y to US $20.87 billion, while India’s imports from
China decreased by 10.87% to US $ 66.78 billion.
Current Scenario

4. Position of China in India trading partner
India's largest trade partners with their total trade (sum of imports and exports) in billions of US dollars
for the financial year 2019–20 were as follows:

5. Sino Indian trade over the years:

6. • China accounted for over 5% of India’s total exports in financial year
2019-20 and more than 14% of imports.
• Meaning, India runs a huge trade deficit with China, the biggest
exporter to India
India-China Trade

7. • Language Constraint
• Price Competitiveness
• Quality Standard Barriers
Problems faced by exporters

8. • Language barrier must be addressed
• China should welcome Indian companies to explore
• Both the countries have already agreed to push the bilateral trade to USD 100 billion
mark by 2015
Future Initiatives to be taken

9. Thank You