China – India Silicon Road: The New Trade Route (Silk Route 2.0) Runs Through the Technology Sector
摘要
China and India have been trading goods for centuries including along the historical “Silk Route”. China is India’s largest trading partner with the balance of trade in favor of China. India trades more with China than it does with the US and the UAE (the next two largest trading partners). Chinese investors want to be a part of the India growth story including in the technology sector. China has adopted a “walled garden” policy whereby certain sectors are reserved for Chinese companies. In contrast, India has utilized a modified open door policy where US companies have had a deep presence in the Indian technology sector, initially using India as an outsourcing center for technology development but later capitalizing on the growth of the Indian market itself. Recent geopolitical events have led to China seeking to expand its trade relations with India. China and India have adopted different strategies for the growth of their respective technology sectors. Chinese investors want to be active participants in the Indian technology ecosystem.
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