In the 2018 World Economic Forum, Prime Minister of India Narendra Modi declared that India’s economy which is already the fifth largest in the world after countries like the USA, China, and Japan, will double to $5 trillion by 2025.
Talking of India and China, there has been a commendable growth in trade and commerce partnerships between the two countries. India receives 3% of the total exports by Chinese. Economic ties between the countries officially resumed when China embarked on economic reforms but remained largely insignificant for the next two decades. The last 10 years, however, have seen a transformation of the economic relationship between China and India.
Some of the top Indian tech companies that have Chinese investors include Paytm, Ola, BigBasket, Byju’s, Dream11, MakeMyTrip, and others. Chinese tech investors have put an estimated $4 billion into Indian start-ups, as per a February 2020 report by think tank Gateway House. As per the report by FICCI, the Chinese have invested in the following Indian sectors: