- For the landmark in Târgovişte
Târgovişte is a city in the Dâmboviţa county of Romania. It is situated on the right bank of the Ialomiţa River. , it had an estimated population of 89,000. One village, Priseaca, is administered by the city.-Name:...
, see Chindia TowerThe Chindia Tower is a tower in the Curtea Domnească monuments ensemble in Târgovişte, Romania, built in the 15th century. The tower was begun during the second reign of Prince Vlad III the Impaler over Wallachia, taking its final form during the 19th century...
.
Chindia is a portmanteau word that refers to
ChinaThe People's Republic of China , commonly known as China, is the largest country in East Asia and the most populous in the world with over 1.3 billion people, approximately one-fifth of the world's population...
and
IndiaIndia, officially the Republic of India , is a country in South Asia. It is the seventh-largest country by geographical area, the second-most populous country, and the most populous democracy in the world. Bounded by the Indian Ocean on the south, the Arabian Sea on the west, and the Bay of Bengal...
together in general, and their economies in particular. The credit of coining the now popular term goes to
Jairam RameshJairam Ramesh is the Indian Minister of State for Environment and Forests and a Member of the Indian Parliament from Andhra Pradesh in the Rajya Sabha. From 2004 to 2009, he was the Minister of State for Commerce and Industry as well as the Minister of State for Power in the Congress Party-led...
, an Indian politician.
China and India are geographically proximate, are both regarded as growing countries and are both among the fastest
growing major economiesEconomic growth is a term used to indicate the increase of total GDP. It is often measured as the rate of change of gross domestic product . Economic growth refers only to the quantity of goods and services produced; it says nothing about the way in which they are produced...
in the world.
- For the landmark in Târgovişte
Târgovişte is a city in the Dâmboviţa county of Romania. It is situated on the right bank of the Ialomiţa River. , it had an estimated population of 89,000. One village, Priseaca, is administered by the city.-Name:...
, see Chindia TowerThe Chindia Tower is a tower in the Curtea Domnească monuments ensemble in Târgovişte, Romania, built in the 15th century. The tower was begun during the second reign of Prince Vlad III the Impaler over Wallachia, taking its final form during the 19th century...
.
Chindia is a portmanteau word that refers to
ChinaThe People's Republic of China , commonly known as China, is the largest country in East Asia and the most populous in the world with over 1.3 billion people, approximately one-fifth of the world's population...
and
IndiaIndia, officially the Republic of India , is a country in South Asia. It is the seventh-largest country by geographical area, the second-most populous country, and the most populous democracy in the world. Bounded by the Indian Ocean on the south, the Arabian Sea on the west, and the Bay of Bengal...
together in general, and their economies in particular. The credit of coining the now popular term goes to
Jairam RameshJairam Ramesh is the Indian Minister of State for Environment and Forests and a Member of the Indian Parliament from Andhra Pradesh in the Rajya Sabha. From 2004 to 2009, he was the Minister of State for Commerce and Industry as well as the Minister of State for Power in the Congress Party-led...
, an Indian politician.
China and India are geographically proximate, are both regarded as growing countries and are both among the fastest
growing major economiesEconomic growth is a term used to indicate the increase of total GDP. It is often measured as the rate of change of gross domestic product . Economic growth refers only to the quantity of goods and services produced; it says nothing about the way in which they are produced...
in the world. Together, they contain about one-third of the world's population. They have been named as countries with the highest potential for growth in the next 50 years in a
BRICIn economics, BRIC is an acronym that refers to the fast-growing developing economies of Brazil, Russia, India, and China. The acronym was first coined and prominently used by Goldman Sachs in 2001...
report.
The economic strengths of these two countries are widely considered complementary - China is perceived to be strong in
manufacturingManufacturing is the use of machines, tools and labor to make things for use or sale. The term may refer to a range of human activity, from handicraft to high tech, but is most commonly applied to industrial production, in which raw materials are transformed into finished goods on a large scale...
and
infrastructureInfrastructure can be defined as the basic physical and organizational structures needed for the operation of a society or enterprise, or the services and facilities necessary for an economy to function....
while India is perceived to be strong in services and
information technologyInformation technology , as defined by the Information Technology Association of America , is "the study, design, development, implementation, support or management of computer-based information systems, particularly software applications and computer hardware." IT deals with the use of electronic...
. China is stronger in
hardwareA personal computer is made up of multiple physical components of computer hardware, upon which can be installed an operating system and a multitude of software to perform the operator's desired functions.-Typical PC hardware:...
while India is stronger in software. China is stronger in physical markets while India is stronger in
financial marketIn economics, a financial market is a mechanism that allows people to easily buy and sell financial securities , commodities , and other fungible items of value at low transaction costs and at prices that reflect the efficient-market hypothesis.Financial markets have evolved significantly over...
s. The countries also share certain historical interactions - the spread of
BuddhismBuddhism, as traditionally conceived, is a path of salvation attained through insight into the ultimate nature of reality. It encompasses a variety of traditions, beliefs and practices, largely based on teachings attributed to Siddhartha Gautama, commonly known as the Buddha...
from India to China and trade on the Silk route are famous examples.
However, there are also geopolitical, cultural, economic and political differences between China and India that some argue would make this term inappropriate. The effects of the
Sino-Indian WarThe Sino-Indian War , also known as the Sino-Indian Border Conflict , was a war between China and India that occurred in 1962. A disputed Himalayan border was the main pretext for war, but other issues played a role. There had been a series of violent border incidents after the 1959 Tibetan...
of 1962 have meant that relations between the countries have been cautious and slow. Politically, China can be characterized as being ruled by a single party dictatorship whereas India being democracy of several hundred, if not thousand, parties. India's culture can be characterized by a high degree of pluralism whereas China has a more ethnically homogenous population. The commonly-cited complementary nature of China and India's economies is also being questioned as the service sector in China is rapidly growing, while India's manufacturing sector has seen tremendous growth in recent years. China also has a head start in international marketplaces and is a large investor in Africa. There is also the belief that China has greater geopolitical clout than India as well as a permanent seat on the
United NationsThe United Nations is an international organization whose stated aims are facilitating cooperation in international law, international security, economic development, social progress, human rights, and the achieving of world peace...
Security CouncilThe United Nations Security Council is one of the principal organs of the United Nations and is charged with the maintenance of international peace and security. Its powers, outlined in the United Nations Charter, include the establishment of peacekeeping operations, the establishment of...
which has lead to leaders and academics terming the Sino-American relationship as the 21st century's most important bilateral relationship.
See also
- Sino-Indian relations
Sino-Indian relations, also called India-China relations, refer to the ties and relations between China and India. The economic and diplomatic importance of People's Republic of China and the Republic of India, which are the two most populous states in the world, as emerging economies, has in...
- Chindian
A Chindian is a person of both Chinese and Indian ancestry. There are a considerable number of Chindians in Malaysia and Singapore, where people of Chinese and Indian origin immigrated in large numbers during the 19th century...
- BRIC
In economics, BRIC is an acronym that refers to the fast-growing developing economies of Brazil, Russia, India, and China. The acronym was first coined and prominently used by Goldman Sachs in 2001...
, a similar term often used in financial contexts to refer to BrazilBrazil , officially the Federative Republic of Brazil , is a country in South America. It is the fifth largest country by geographical area, occupying nearly half of South America, the fifth most populous country, and the fourth most populous democracy in the world. Bounded by the Atlantic Ocean...
, RussiaRussia , officially known as both Russia and the Russian Federation , is a country in northern Eurasia . It is a semi-presidential republic, comprising 83 federal subjects...
, IndiaIndia, officially the Republic of India , is a country in South Asia. It is the seventh-largest country by geographical area, the second-most populous country, and the most populous democracy in the world. Bounded by the Indian Ocean on the south, the Arabian Sea on the west, and the Bay of Bengal...
, and ChinaChina is a cultural region, an ancient civilization, and, depending on perspective, a national or multinational entity extending over a large area in East Asia....
- India, China & America Institute
The is a non-profit institute providing a sustainable, non-governmental platform to identify and drive synergies among India, China and America in the areas of emerging markets, commercial growth and alignment of policies for the benefit of a vast number of people...
Further reading
- Chindia Biz Blog hosted by the India, China & America Institute
The is a non-profit institute providing a sustainable, non-governmental platform to identify and drive synergies among India, China and America in the areas of emerging markets, commercial growth and alignment of policies for the benefit of a vast number of people...
- Jagdish N. Sheth. Chindia Rising. New Delhi, McGraw Hill India, 2007. Review Official Website
- The Indian Economy Blog - http://indianeconomy.org/, featuring many discussions on India and China's economic performance*\
- "Chindia Rising" - Book by Jagdish N. Sheth
- BusinessWeek
BusinessWeek is a business magazine published by McGraw-Hill. It was first published in 1929 under the direction of Malcolm Muir, who was serving as president of the McGraw-Hill Publishing company at the time. BusinessWeek is a business magazine published by McGraw-Hill. It was first published...
; August 12, 2005; "Chindia": China and India special feature
- Do you have a Chindia strategy -Forbes
Forbes is an American publishing and media company. Its flagship publication, Forbes magazine, is published fortnightly. Its primary competitors in the national business magazine category are Fortune, which is also published fortnightly, and Business Week...
13 August 2007
- Beware the 'Chindia' effect - Mail & Guardian Online
- Jairam Ramesh. Making Sense of Chindia: Reflections on China and India. New Delhi, India Research Press, 2005. ISBN 81-87943-95-5
- Chindia Lounge, China & India (CHINDIA) Business / Culture / Travel / Outsourcing Resource Blog ChindiaLounge.com by an Asia Business Relations/Marketing Expert.
- India Fund perspective
External links