• Dr. Ramesh Gaddam

During initial years of the cold war, both India and China were affected by policies of regulation and restriction. Without access to new technology and resources, they struggled with inefficient production practices that hindered growth. In 1978, China recognized this situation and adopted its open door policy which allowed foreign investments and opened up markets. This was a successful move in many respects as it brought an influx of technological advances and international partnerships into the country. India, on the other hand, had more restrictive policies that prevented any significant economic growth until 1991 when they introduced liberalization reforms. China's economic reform and focus on export growth have allowed it to experience remarkable success in terms of its global market share. India has taken a more measured approach with their own reforms, but the results are far less impressive. This can be largely attributed to China's ability to access foreign markets while providing superior products at competitive prices. With its membership in the World Trade Organization, China opened up opportunities that were previously not available to Indian firms. This gave them an edge in accessing international markets and establishing their presence as one of the world's premier exporters. By comparison, India lags behind significantly due to weaker trade instruments and domestic policies. (Bhat, 2012)

Exploring India-China Economic and Trade Relations in the Post Cold War Era (1991-2023)

"Exploring India-China Economic and Trade Relations in the Post Cold War Era (1991-2023)", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.11, Issue 3, page no.l387-l404, March-2024, Available :http://www.jetir.org/papers/JETIR2403B44.pdf

"Exploring India-China Economic and Trade Relations in the Post Cold War Era (1991-2023)", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.11, Issue 3, page no. ppl387-l404, March-2024, Available at : http://www.jetir.org/papers/JETIR2403B44.pdf