Is China a threat to The Indian Industry

By:- Adarsh Kansal

China market - A threat to Indian marketThere is no doubt that India may take many years to

have a market like China.China has a huge population. Moreover people there are advancing each passing day. China launches new mobiles, technologies, automobiles almost everyday. Because of this they can sell them at a cheaper rate. China’s automobile industry is much bigger than India’s. it can therefore serve quality products at lower cost. China has a string support from the government.

China has always been compared to India in terms of population and technological advancements. China undoubtedly has a huge software market, but is definitely not a threat.

Indian IT companies have captured Asia and Japan as well.

Most countries prefer employees from India rather than China because of communication barrier.

"Our USD 100 billion software industry is under no threat from China," says Rangarajan Vellamore, CEO of Infosys, China. This is because Chinese firms are not yet investing big in the US where Indian software firms are well entrenched.

How did China and India emerge as economic giants?

Year 2010 2011 2012 2013 2014 2015

China 10.6 9.5 7.8 7.7 7.3 6.9

India 10.3 6.6 5.6 6.6 7.2 7.6

Comparison of GDP (Gross Domestic Product) Growth annual in %

India GDP 2016 is $2.29 Trillion.China GDP 2016 is $10.87 Trillion

India – Forex Reserve sheetIndia forex reserve currently is 365500.00 USD Million

China --- Forex reserve Sheet

China forex reserve currently is 3200000.00 USD Million

India and China Relations More Chinese firms are looking to invest in India's infrastructure projects. Our target for bilateral trade between India and China is USD 100 billion in near future as compared to the present USD 70 billion.

China plans world's 2nd largest high-speed rail line in Chennai .

1 CNY = 10.0724 INR

Conclusion

India and China both are the representatives of developing nations at the world stage. China is definitely not a threat to Indian software industry as India is far ahead than China in IT sector and the India’s software industry is developing faster. Anyway, it’s good to have healthy competition. Competition helps both countries to develop themselves.

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