China and India are the two most populous developing countries in the world, as well as BRICs and emerging economies. In recent years, the economy of the two countries has maintained a good momentum of development, with great potential for economic and trade cooperation and increasingly frequent economic and trade activities.
With the implementation of the vision of "one belt and one road" development, the prospects for cooperation between China and India are broader. Especially, India is an important member of the "one belt along the way" and an important member of the Asian infrastructure investment bank and the BRIC Development Bank. Domain.
India has a population of more than 1 billion. Since 1998, the annual economic growth rate has exceeded 6.5%, and the total import volume has increased every year. In the eyes of many foreign investors, the Indian market is second only to China's emerging market. According to the draft of India's economic and trade policy, the tariff rate of general products will be reduced from the previous maximum of 20% to 15%, and the tariff rate of many products will be reduced. This will speed up the entry of foreign products into India.
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