Opportunity Pushes More Chinese Firms Into India
In 2015, trade between China and India stood at $71.62 billion, up 1.4 percent year-on-year, according to the Ministry of Commerce (MOFCOM). As of the end of 2015, outstanding investment volume by Chinese companies in India totalled $3.55 billion, while Indian firms invested $644 million in China, the MOFCOM data showed. Also in 2015, Chinese non-financial direct investment to India reached $143 million, down 41.2 percent. Meanwhile, Indian investment to China reached $80.8 million, up 59.2 percent from the previous year.