10-fold increase in trade with China: Chinese directors in 3560 companies

- Registration of 174 Chinese companies in India; Made in China was replaced by Made in RC (People's Republic of China).

- India's pharma industry is dependent on chemicals from China. Apart from this, India is dependent on mobile phones, laptops, computers from China

- The government could not provide information about how many companies in the country have Chinese investors or shareholders. This information is not available with the Ministry of Corporate Affairs

Uttaran has left. The affair with the Chinese thread is now to be postponed until the next installment. Amidst the demand for ban on China's toys and sheep, people should understand that even though there is a security situation on the border between India and China, the trade between the two countries does not increase overnight, so it is more like a situation during the day. The trade between the two countries has increased 10 times.

Despite border disputes and deadlocks, trade relations between the two countries are flourishing. The situation is that the trade and commerce between India and China is continuously increasing. There is a wave of boycott of Chinese goods in the country after clashes with Chinese troops in Galwan. In a digital attack on China, the government banned more than 200 Chinese apps in India, including Rain, Ubharcha, Leanner. The situation became such that instead of writing Made in China, Chinese companies started writing Made in PRC on their products. PRC stands for People's Republic of China, but the boycott has not seen any significant impact on India-China trade.

The Central Government informed the Parliament that there are 3560 companies in India which have Chinese directors, while 174 Chinese companies are registered in the country. Despite border tensions, trade relations between the two countries continue to grow. The government presented figures of growing trade between India and China in Parliament. According to the information provided by the government in Parliament, in the year 2003-2004, India was importing $4.34 billion from China, which has increased to about $51.03 billion after 10 years. While in the year 2021-22, the trade between the two countries was 115 billion dollars, which is 86 billion dollars more than the previous year. Trade has increased, along with the trade deficit. Trade surplus means that India buys more goods from China and sells less goods to China.

According to the information given in Parliament by Commerce and Industry Minister Piyush Goyal, the trade between India and China was $1.48 billion in 2004-05, which has increased to $36.21 billion in 2013-14. It reached $44.33 billion in FY 2020-21 and has now increased to $73.31 billion. At the same time, the loss reached $51.5 billion from April to October in FY 2022-23. In the financial year 2020-21, China exported 65.21 billion dollars to India. While in the current financial year it has increased to 94.57 billion dollars.

India mainly exports iron ore, petroleum, organic chemicals, refined copper, cotton yarn, footwear, steel copper, nuclear reactors, automatic data processing machines, telecommunication equipment, electronic products and circuits, semiconductor devices, antibiotics, fertilizers, TV cameras to China. , depends on products like auto accessories. A Chinese newspaper has written in a report that India's pharma industry is dependent on chemicals from China. Apart from this, India is dependent on mobile phones, laptops, computers from China. Despite border disputes, India has no choice but to import these items from China.

174 Chinese companies are registered as foreign companies in the country. These Chinese companies have their offices in India. However, the government could not provide information about how many companies in the country have Chinese investors or shareholders. This information is not available with the Ministry of Corporate Affairs.

According to the information provided by the government, there are 3560 companies in India where Chinese are sitting on the director's post. According to data from Corporate Data Management, there are a total of 3,560 companies in India that have Chinese directors. If we talk about trade between India and China, Commerce and Industry Minister Piyush Goyal informed in the Rajya Sabha that India is dependent on China for many things, which is a matter of concern. He said that in the year 2003-2004, India imported 4.34 billion dollars from China. In the year 2013-14, this import has increased to 51.03 billion dollars. This import has increased more than 10 times in ten years.

Talking about dependence on China, the friendship between Pakistan and China is well known. However the truth is that there is less friendship and more bullying. In terms of dependence on China, according to a recent report by Taiwan-based research institute Doublethink Labs, The China Index, Pakistan has the highest dependence on China. Pakistan is followed by Cambodia, Singapore and Thailand in this list. Germany ranks 19th in terms of dependence on China. While America is at number 21. India's number is 55th in this list. 82 countries have been included in this China inject, in which China has global influence.