Everything about Chindia totally explained
:
For the landmark in Târgovişte, see Chindia Tower.
Chindia is a
portmanteau that refers to
China and
India together in general, and their economies in particular. The credit of coining the now popular term goes to leading Indian economist and politician
Jairam Ramesh.
China and India are geographically proximate, are both regarded as growing countries and are both among the fastest growing economies 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
BRIC report.
The economic strengths of these two countries are widely considered complementary - China is perceived to be strong in manufacturing and infrastructure while India is perceived to be strong in services and information technology. China is stronger in
hardware while India is stronger in
software. China is stronger in physical markets while India is stronger in financial markets. The countries also share certain historical interactions - the spread of
Buddhism from India to China and trade on the
Silk route are famous examples.
However, there are also
geopolitical differences between China and India that some argue would make this term inappropriate. The effects of the
Sino-Indian War of 1962 have meant that relations between the countries have been cautious and slow. While China is a
temperate continental state India is confined within the Indian sub-continent and has a
tropical climate. Culturally, China is connected to the developed
East Asian nations of
Japan and
South Korea. Their political systems are also vastly different, with China being ruled by a single party and India being the world's largest
democracy. The commonly-cited complementary nature of China and India's economies is also being questioned as the service sector in China is rapidly growing and threatening to match or overtake India's within a decade, while India's manufacturing sector has seen tremendous growth in recent years.
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