Seeing Sino-Indian Economic/Trade Ties in a Broader Perspective
摘要
Since the general election on May 20, 2004, the United Progressive Alliance led by the National Congress has rearranged Indian political stage, namely starting to decide the road for development. On July 8, the National Congress government published a new budget, which put the stress on assisting the poor, agriculture and education, and at the same time slowing down the process of privatization. The international community has showed low-key reflections on the budget but optimism for the economic prospect of India. The BJP government hoped to see a 7-8% economic growth rate in the fiscal year of 2004/05, but the Reserve Bank (Central Bank) of India expected a 6.5% increase. Since the National Congress took power, the economic growth rate remained at 7-8% till August, but the percent dropped to 6-7% as of September. No matter what growth rate, Indian economic development will produce an influence not only on the region but also on the world as well. Then how should China see and develop its economic/trade relations with India?