2. China market - A threat to Indian market
There 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.
3. 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.
5. 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
6. India – Forex Reserve sheet
India forex reserve currently is 365500.00 USD Million
9. 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 .
11. 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.