"In the fiscal year ending March 2011, China exported $43.5 billion in goods to India, up from $10.9 billion in 2006, according to India’s Ministry of Commerce and Industry. India’s exports to China were only $19.6 billion, up from $6.8 billion in 2006. Cheap Firefox bicycles are ubiquitous in New Delhi. Technically, it is an Indian brand—except the bikes are made almost entirely of Chinese components. Chinese-made phones and telecom equipment “have flooded the Indian market,” says Srikanth Kondapalli, a professor at the Centre for East Asian Studies at Jawaharlal Nehru University in New Delhi. “There is no reciprocity for Indian products.”
from business week...
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