The Future of China - India Bilateral Economic Relations
 
Speakers:  Dr. Ramgopal Agarwala, Chairman, Pahle India Foundation,  and Former  Chief Economist of the World Bank in China; Mr. Sridhar Venkiteswaran, Executive Director, Avalon Consulting and OC&C Strategy Consultants, India; and Mr. Mihir Sharma, Author & Opinion Editor, Business Standard Limited
 
Chair: Dr. Ashwini Deshpande, Professor of Economics, Delhi School of Economics, University of Delhi, India and Honorary Fellow, Institute of Chinese Studies (ICS)
 
 
Economic ties constitute one of the most crucial areas of strategic and cooperative partnership between India and China. Currently, India-China trade stands at $70.59 billion, which reflect tremendous opportunities for traders and investors of both countries in sectors such as agriculture and food processing, asset management, construction and infrastructure, pharmaceuticals, electronics and information technology, and transport and logistics.  Despite many positive stories, one of the most important challenges facing India -China economic ties is the increasing trade deficit, which reached $44.99 billion in 2014. In addition, both China and India are conscious of their role in the world economy as they both seek to play a bigger political role on the world stage. There is a need to identify potential areas of economic collaboration where both India and China’s economies enjoy complementarities. There is a possibility and desirability of India tapping China's vast forex reserves for Chinese inward investment to address India's infrastructural needs, which will help rectify the bilateral BOP deficit through the capital account. The session will explore and critically analyse the future of bilateral economic relationship between two Asian giants